A senior Bangladeshi minister has said that comments by U.S. Secretary of State Hillary Clinton about the globally acclaimed microlender Grameen Bank and its founder were "unwarranted."
Nobel laureate Muhammad Yunus has resigned as managing director of the bank he founded in Bangladesh a week after the country's supreme court rejected his appeal to keep his post.
Bangladesh's Supreme Court has rejected an appeal by Nobel laureate Muhammad Yunus to keep his position as managing director of the bank he founded.
The Bangladeshi government has been asked to find a compromise to bring an end to the Grameen Bank crisis created by removing its founder, microcredit pioneer Muhammad Yunus.
A day after the High Court upheld the removal of Nobel Peace laureate Muhammad Yunus from his position as managing director of Grameen Bank, the appellate court in Dhaka on Wednesday set a new date to hear his petitions.
Bangladesh's top court Tuesday upheld the central bank's decision to remove Nobel laureate Muhammad Yunus from his post at the pioneering bank he founded.
It's not often that a Nobel Peace Prize laureate gets fired, but the Bangladeshi government said Wednesday it did just that in dismissing Muhammad Yunus from a top post in the pioneering bank he founded.
A Nobel Peace Prize-winning idea to alleviate the poor is under attack, as is the man who won the prize.
Muhammad Yunus won a Nobel Peace Prize for the Bangladeshi bank he founded but now he finds himself in a bitter fight to retain his job.
The Bangladeshi government has called on Nobel laureate and microcredit pioneer Muhammad Yunus to retire from the bank he founded nearly three decades ago to help the poor, but he has said no.
Nobel laureate Muhammad Yunus faced fresh legal trouble in his home country of Bangladesh on Thursday, accused of producing "substandard" yogurt meant for the poor, officials said.
Micro-credit pioneer and Nobel Peace Prize winner Muhammad Yunus appeared in a Bangladesh court Tuesday on a defamation charge for reportedly criticizing politicians four years ago, court officials said.
Bangladesh has ordered a probe of the Grameen Bank -- founded by Nobel Laureate Professor Muhammad Yunus, the pioneer of microcredit -- following media allegations that donor's funds were inappropriately transferred.
One evening, when I was 24 years old, I heard Dr. Muhammad Yunus speak to a small classroom of Stanford University students. I was not a student at the time, so I crashed the lecture and sat quietly on the steps in the back of the room. What I heard that night changed my life.
The co-founder of Kiva.org talks about how her work with microloans has brought new power to people living in poverty.
As Haiti continues to dig out from the earthquake that leveled Port-au-Prince, local microlenders are gearing up to begin rebuilding the country's shattered economy.
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.
A Nobel Peace Prize winner has opened a bank to help the poor in New York City, as CNN's Richard Roth reports.
"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.
Muhammad Yunus
updated: Tue Nov 20 2007 00:18:00
CNN's Anjali Rao talks to Nobel Peace Prize winner Muhammad Yunus about his pioneering work in microcredit.
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...
We asked the brightest minds in business how they do what they do � and how you can cash in on their advice in the year ahead.
Business 2.0: How to Succeed in 2007updated: Fri Nov 24 2006 13:32:00
We asked 50 of the brightest minds in business how they do what they do - and how you can cash in on their advice in the year ahead.
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.
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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