A bank operating on a concept that has lifted thousands of people out of grinding poverty in the developing world has set its sights on helping the poverty-stricken in America.
"Technology is making more changes in our way of life than ever in human history," says Muhammad Yunus. "The way the Internet and the mobile phone are spreading, you cannot compare with any technology of the past." Yunus is known for his visionary leadership in microfinance and helping the poor. He and the Grameen Bank he founded won the Nobel Peace Prize in 2006. Now he wants to see the tech industry work more explicitly to empower the poor.
Muhammad Yunus received the Nobel Peace Prize in 2006 for his pioneering work in microcredit, which has helped millions of people out of the poverty cycle. The first businessman ever to receive such a high honor, Yunus and the Grameen Bank he founded revolutionized conventional ways of banking, creating a system of lending money to the poor, mostly women.
The Intergovernmental Panel on Climate Change (IPCC) and former U.S. Vice President Al Gore won the 2007 Nobel Peace Prize Friday "for their efforts to build up and disseminate greater knowledge about man-made climate change, and to lay the foundations for the measures that are needed to counteract such change."
On April 26, when the shareholders of French food giant Danone congregate in Paris for their annual meeting, they will have a unique proposal to consider: setting up a mutual fund to channel investment into Danone's nonprofit social ventures in developing countries.
When Muhammad Yunus traveled to Oslo to receive the Nobel Peace Prize earlier this month, he came prepared to fight for management control over a company he believes is sucking profits from the poo...
Along a dirt road in Bangladesh's green, fertile heartland, 140 miles northwest of Dhaka, workers in flip-flops are hauling bricks, pouring cement and hammering boards. The object of their labor: a...
The winner of this year's Nobel Peace Prize is Muhammad Yunus, founder of Bangladesh's Grameen Bank and a pioneer of microfinance. Grameen lends small sums to farmers and entrepreneurs. The idea is...
When Muhammad Yunus travels to Norway to receive the Nobel Peace Prize Dec. 10, he will come prepared to fight for management control over a company he believes is sucking profits from the poor of Bangladesh.
A bank operating on a concept that has lifted thousands of people out of grinding poverty in the developing world has set its sights on helping the poverty-stricken in America.
"Technology is making more changes in our way of life than ever in human history," says Muhammad Yunus. "The way the Internet and the mobile phone are spreading, you cannot compare with any technology of the past." Yunus is known for his visionary leadership in microfinance and helping the poor. He and the Grameen Bank he founded won the Nobel Peace Prize in 2006. Now he wants to see the tech industry work more explicitly to empower the poor.
Muhammad Yunus received the Nobel Peace Prize in 2006 for his pioneering work in microcredit, which has helped millions of people out of the poverty cycle. The first businessman ever to receive such a high honor, Yunus and the Grameen Bank he founded revolutionized conventional ways of banking, creating a system of lending money to the poor, mostly women.
The Intergovernmental Panel on Climate Change (IPCC) and former U.S. Vice President Al Gore won the 2007 Nobel Peace Prize Friday "for their efforts to build up and disseminate greater knowledge about man-made climate change, and to lay the foundations for the measures that are needed to counteract such change."
On April 26, when the shareholders of French food giant Danone congregate in Paris for their annual meeting, they will have a unique proposal to consider: setting up a mutual fund to channel investment into Danone's nonprofit social ventures in developing countries.
When Muhammad Yunus traveled to Oslo to receive the Nobel Peace Prize earlier this month, he came prepared to fight for management control over a company he believes is sucking profits from the poo...
Along a dirt road in Bangladesh's green, fertile heartland, 140 miles northwest of Dhaka, workers in flip-flops are hauling bricks, pouring cement and hammering boards. The object of their labor: a...
The winner of this year's Nobel Peace Prize is Muhammad Yunus, founder of Bangladesh's Grameen Bank and a pioneer of microfinance. Grameen lends small sums to farmers and entrepreneurs. The idea is...
When Muhammad Yunus travels to Norway to receive the Nobel Peace Prize Dec. 10, he will come prepared to fight for management control over a company he believes is sucking profits from the poor of Bangladesh.
Forget billion-dollar development projects. When Bangladeshi economist Muhammad Yunus surveyed a poor village in the mid-1970s and found that all the money borrowed totaled just $27, he set out to ...
It all started with $50. In 1988, that's what it took Noni Bala Ghosh to revive her family's business of making sweets to sell in Kholshi, her tiny village in Bangladesh.
Credit Hewlett-Packard CEO Carly Fiorina with nerve. Even as her company's sales growth stalls and its stock rests near its 52-week low, she's thinking of more than just short-term fixes.
Geneva Green is turning a hobby into a moneymaker. She now sells the silk flowers and dried-grass arrangements she makes in the housing project where she lives. She and other low-income entrepreneu...
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