Muhammad Yunus
Muhammad Yunus, who created microcredit, invented social business, and earned a Nobel Peace Prize for his work in alleviating poverty, is one of today's most trenchant social critics. Now he declares it's time to admit that the capitalist engine is broken — that...
In 1983, Muhammad Yunus established Grameen, a bank devoted to providing the poorest citizens of Bangladesh with miniscule loans. Believing that credit is a basic human right, not the privilege of a few, Yunus aimed to support that spark of personal initiative and enterprise by which the poor might lift themselves out of poverty forever. Grameen Bank now provides over 2.5 billion dollars of micro-loans to more than two million families in rural
...Over the last few decades, free markets have swept the globe and brought positive change. Nevertheless, traditional capitalism cannot solve problems of inequality and poverty because of its view of people as one-dimensional beings concerned only with profit. In fact, human beings have many other drives and passions, including spiritual, social, and altruistic.
Welcome to the world of social business, where the creative vision of the entrepreneur
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