Summary
Banking doesn't have the best reputation right now, after decades of more and more complex and risky financial innovations collapsed into the Great Recession.
One innovation, however, seems to point to a different future for banking, by working with those who are typically excluded by the banking system entirely -- the very poor. Muhammad Yunus and his Grameen Bank started lending small amounts of money in his native Bangladesh to poor women who had no collateral because they owned nothing.See the full content of this document
Extract
Documentary Looks at 'Rock Star' of Banking
This seemed to violate a core tenet of how banking is supposed to work. But 35 years later -- after millions of micro-credit loans and a Nobel Peace Prize (in 2006), Yunus decided to bring his concept of micro-lending to America by starting a branch of Gra...
See the full content of this document
Sponsored links
