Interview with Muhammad Yunus, Gramin Bank – Bangladesh
NBR: You have been credited with inventing the microcredit movement more than 30 years ago. Why did you go in that direction? Yunus: I had no idea that I would ever get involved with something like lending money to poor people, given the circumstances in which I was working in Bangladesh. I was teaching in one of the universities while the country was suffering from a severe famine. People were dying of hunger, and I felt very helpless. As an economist, I had no tool in my tool box to…read more