Not long after Muhammad Yunus, the Bangladeshi professor-turned-banker who has been called the father of microcredit, founded Grameen Bank, close to 97% of his small loans were going to poor women. Women have been the focus of his efforts ever since. Why women? I wondered when I first met Yunus in 1994 while in Bangladesh on an assignment for UNICEF. From my recent conversations with Yunus and years of research for my book about his initiatives to end global poverty, Twenty-Seven Dollars and a Dream How Muhammad Yunus Changed the World and What It Cost Him, I have identified 5 reasons why Yunus concentrates his microcredit efforts on women.
Region
Type
Our Poblications
0
Promote to Editors
0
Images
Image
