Muhammad Yunus What has Muhammad Yunus done in the past 30 years that revolutionized the banking system in the third world ?


The idea of microlending is really beginning to catch on.  The concept is pretty simple.  People in underdeveloped parts of the world need very little money for their projects.  People in developed countries can lend them money in order to fund their projects.  If people in other countries lend larger amounts, the amounts can be broken into small sums to lend out to people who need it.  The interest adds up, and everyone benefits.

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