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February 16, 2009
Favourite Activist(s): Muhammad Yunus
Continuing on with the series... I asked the question who's your favourite activist? Here's a response from Melanie, a mother and real estate agent:
I would have to say my favourite activist is Muhammad Yunus - an economist in Bangladesh responsible for creating the micro-loan and 2006 Nobel Prize winner.
Yunus established Grameen Bank in 1983 to help people lift themselves out of poverty in rural Bangladesh by providing them with credit without requiring collateral. The bank focuses on women borrowers and only the poorest of borrowers. Grameen has provided loans to over 4.4 million families.
Taking Grameen Bank's lead, more than 250 institutions in 100 countries now offer micro-loans to third world impoverished families, allowing many families to get out of abject poverty permanently.
Posted by Jason at February 16, 2009 10:49 AM
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