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INTERVIEW : SPIEGEL ONLINE |
INTERVIEW
WITH NOBEL LAUREATE MUHAMMAD YUNUS
'Capitalism
Has Degenerated into a Casino' 10/10/2008
Nobel Peace Prize laureate Muhammad Yunus says that
greed has destroyed the world's financial system. SPIEGEL ONLINE spoke with him
about the profit motive, social consciousness and what should be done to end
the financial crisis.
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Muhammad Yunus Founder of Grameen Bank On The US Financial Crisis.
Posted by: Bruce Nussbaum on September 28
I interviewed the founder of Grameen Bank Muhammad Yunus recently and
asked him about the current financial crisis gripping the US and the
world. He laughed and said that Grameen Bank’s portfolio of micro-loans
to poor people in Bangledesh and elsewhere was more solid than the
portfolios of the big American banks full of falling subprime financial
products and option ARMs.
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Team Up to Help Poor Mexicans |
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Billionaire, Nobel Prize Winner Team Up to Help Poor Mexicans
By VOA News, 30 September 2008
One of the world's wealthiest men is teaming up with a Nobel Peace Prize winner to help impoverished people in Mexico.
Mexican telecom mogul Carlos Slim and microfinance expert Muhammad Yunus said Monday that they will open a bank in Mexico to grant small loans to people who are too poor to qualify for traditional loans.
The funds, known as micro-credit loans, come with low interest rates and are intended to help poor families start income-generating projects.
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Winter 2008 • Vol. 35, No. 1
How Legal Steps Can Help to Pave the Way to Ending Poverty
by
Muhammad Yunus
There is
no better time for a serious discussion of how the law and lawyers can enable
the poor to help themselves?throughout the world, and especially in the United States .
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Yunus spells out lessons for bankers |
Star Business Desk (The Daily Star)
Nobel
laureate Muhammad Yunus (C) speaks as Steve Gunderson (L), president and
CEO, Council on Foundations and Rick Warren (R), Pastor, Saddleback
Church listen, at the Clinton Global
Initiative (CGI) in New York
on Friday. Photo: AFP
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Microfinance unscathed by financial crisis |
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AFP :: 2 October 2008
Microfinance unscathed by financial crisis: Yunus
GENEVA (AFP) — The financial crisis has not hit the microfinance
system, Nobel Peace Prize winner Muhammad Yunus said Thursday, as he
called for tougher regulations to prevent such shocks in future.
"One good news in the middle of all these bad news: microfinance still
works. Not hit by the meltdown process," Yunus said at the sidelines of
an International Labour Organisation symposium on microfinance.
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Reuters
India Thu
Oct 2, 2008 8:07pm IST
Micro-lending seen expanding despite credit mess
GENEVA,
Oct 2 (Reuters) - The global credit crisis is not making it harder for
poor-country entrepreneurs to access the tiny loans they need to start and grow
businesses, banking executives said on Thursday.
Microfinance -- which became famous when Bangladeshi
economist Muhammad Yunus and his Grameen Bank shared the Nobel Peace Prize in
2006 -- provides small loans to people who lack access to mainstream banking
services.
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Rahul's visit to Grameen projects |
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Making the dollar go further, the Yunus way
Some 30 years ago, economics professor Muhammad Yunus made his first
loan of $27 (Dh100) to a group of 42 women so they could expand their
bamboo furniture-making business.
After the success of his
initial loan, Yunus saw that such a small amount of money could change
the lives of the people and thought why not do more? Since then, small
collateral-free loans known as microcredit have been provided to 100
million people across all continents.
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Xiongning's Letter to Dr. Yunus |
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Miss Xiong Ning, 1978 to Mar
10, 2008, died in a traffic accident on her way to Qinghai to help the
poor people there. Below is the translation of a draft letter in Chinese
that she wrote to Professor Yunus, which was found among the belongings
she left behind.)
Xiongning's Letter to the Nobel Peace
Prize Winner Yunus
Dear Professor Muhammad Yunus,
Hello, how are you? First please forgive me if I take the liberty of
writing this letter to you. I am a Chinese girl, named Xiongning, 29
years old this year, and born in an ordinary city intellectual family.
Since I was young, I have had an ideal that I will set up the same
“social conscience-oriented enterprise” as you advocated in Banker to
the Poor.
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Can Yunus create a poverty free world? |
Daily Star :: Can Yunus create a poverty free world?
Gaziul Hasan Khan looks at the options in the Nobel laureate's new book
Published On: 2008-05-10
Creating a World Without Poverty
- Muhammad Yunus
Subarna
Nobel Peace laureate Professor Muhammad Yunus, a pioneer of collateral free small credit to poor women, is in quest of harnessing free market power to solve the problems of poverty, hunger and inequality across the world. Grameen Bank, which he founded more than three decades ago to reach collateral free credit to the target group at their doorstep, has been replicated in all the continents to benefit over 100 million families. But he remains far from satisfied as poverty, hunger and inequality continue to trouble the world as well as his native Bangladesh. If the dynamics of capitalism could be applied properly, he believes, poverty, the greatest challenge, facing mankind, could be tackled to a great extent.
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Guardian :: Solving the food crisis |
Guardian Unlimited :: Solving the food crisis
A comprehensive global plan is needed to tackle
the high cost of food that threatens the lives of the world's poorest
and most vulnerable people
May 16, 2008 6:00 PM
The global food crisis is a dire reality for millions of the world's poor and a major test
for the international community. Sustained, generous, wise leadership
and broad-based cooperation is required to overcome the crisis and save
lives.
Rising food prices have created tremendous pressure in the lives of
poor people, for whom basic food can consume as much as two-thirds of
their income.
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Professor Muhammad Yunus
on the cover page of Newsweek as one of the world's Superclass of
influential thinkers and personalities of our
day.
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Professor Yunus with PM Gordon Brown |
Professor Yunus discusses global food prices with PM Gordon Brown
London, April 21, 2008
During a meeting at 10 Downing Street with Prime Minister Gordon Brown, Nobel Laureate Professor Muhammad Yunus highlighted the extreme difficulties created on the poor by the global rise in prices of essential food items. Professor Yunus proposed a global initiative to redress the immediate pressure. Professor Yunus requested PM Gordon Brown to take leadership role within the European community and the G-8 to initiate concerted efforts to address this issue. He pointed out that a powerful breakthrough is needed in agri-technology to raise the production level in the shortest possible time.
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The Bangladeshi Nobel laureate wins yet another award - this time for contributions to technology. He talks to Fortune about where tech might take the poor.
By David Kirkpatrick
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President Nicolas Sarkozy of France |
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 President Nicolas Sarkozy of France received Nobel Laureate Muhammad Yunus at Elysee Palace in Paris yesterday for a special meeting to discuss microcredit and poverty alleviation strategies for the developing world.
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A New Book by Muhammad Yunus |
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 What if you could harness the power of the free market to solve the problems of poverty, hunger, and inequality? To some, it sounds impossible. But Nobel Peace Prize winner Muhammad Yunus is doing exactly that. As founder of Grameen Bank, Yunus pioneered microcredit, the innovative banking program that provides poor people––mainly women––with small loans they use to launch businesses and lift their families out of poverty.
Where you can obtain copy of the book
Reviews on Creating a World Without Poverty
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Honorary Doctor of Law degree |
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Honorary Doctor of Law degree from University of British Columbia
March 14, 2008
 Professor Muhammad Yunus received an honorary
Doctor of Law degree in a ceremony at the University of British
Columbia when he came to inaugurate the Michael Smith Nobel Lecture.
Over 3000 people attended the numerous events in the day long program.
The degree ceremony started with Bangladesh and Canada's national
anthems, folk songs and traditional dances. Flags were also hoisted to
mark the occasion.
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Turns the tables on the West |
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Bangladeshi banker to the poor turns the tables on the West
Vancouver Sun
March 15, 2008 by Don Cayo
It's a shop-worn cliché at best -- the white man trekking off to distant corners of the world to enlighten or enrich. The rich world's better aid and development agencies well know the best help is often to be found far from head office, and the best ideas are apt to come from staff who are plugged into the places and the cultures where they work.
But who better to turn such a dated view completely on its ear than Muhammad Yunus, the Nobel-prize-winning economist.
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Small Loans, Significant Impact |
Small Loans, Significant Impact
After Success in Poor Nations, Grameen Bank Tries New York
Washington Post Staff Writer
Monday, March 10, 2008;
Page A03
NEW YORK -- "Señoras!" calls the banker, summoning her borrowers to attention at their first loan-repayment meeting.
The small-business borrowers -- day-care providers, clothing sellers,
jewelry makers -- crowd into the living room where their children are
napping, eating cereal and watching TV.
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