Microfinance Horizon

Many of us know about Microfinance per se, about Prof. Yunus, the man who started and led the revolution called Microfinance. We also know that he received Nobel peace prize for the year 2006, but how many of us know what his words were when he walked across the coveted hall of fame in Oslo. [...]

Read Full Post »

21 December 2010 [Rediff] Nobel Laureate and founder of Bangladesh’s Grameen Bank Muhammad Yunus suggest setting up of a regulatory authority for Micro Credit Institutions (MCIs) in India. “They (MCI) were created to fight the loan sharks and not to create one. There should be some regulatory authority when you have so many micro credit [...]

Read Full Post »

By Shariful 19 December 2010 [YunusCentre] Sam Conniff visited Grameen Eye Hospital – which is part of the social business established by Professor Mohammed Yunus. I have learnt that arguing about introducing pay at the point of service charging to the NHS, with yourwine glass fully loaded, with people who sell life saving pharmaceuticals at [...]

Read Full Post »

13 December 2010 [BangkokPost] Bangladeshi microfinance pioneer Muhammad Yunus on Sunday attacked companies for “misusing and abusing” his original concept of helping poor people via small loans, after a backlash against profit-making lenders. Yunus admitted the reputation of micro-credit had been tarnished due to Indian commercial companies that charge high interest rates and use allegedly [...]

Read Full Post »

10 December 2010 [Syminvest] Microfinance pioneer Grameen Bank on Wednesday welcomed a report by Norway that cleared its founder Muhammad Yunus of misusing aid money, removing a cloud that had hovered over the Nobel Peace Prize winner. Last week, a Norwegian documentary alleged that 96 million dollars had been diverted from Grameen Bank, which provides [...]

Read Full Post »

6 December 2010 [SifyNews] Bangladeshi micro-credit pioneer Grameen Bank’s Muhammad Yunus has described allegations of diverting millions of dollars of aid money from the bank, as “total fabrication and baseless.” The BBC quoted the bank’s statement as saying that “mental agony” has been caused by an “inaccurate and misleading news report published globally regarding an [...]

Read Full Post »

By Syed Tashfin Chowdhury 5 December 2010 [AsiaTimes] DHAKA – Claims that Muhammad Yunus, who was awarded the Nobel Peace Prize for his efforts in Bangladesh to provide small loans to the poor, diverted as much as US$100 million in funds from international donors to his own companies are being investigated by the Norwegian government. [...]

Read Full Post »

By Eric Bellman 10 November 2010 [WSJ] Muhammad Yunus of Grameen Bank has repeatedly said in the past that turning the microfinance industry into a high-profit, high growth business could end up hurting the poor. (Photo Credit – Getty Images) Backlash against the booming microfinance industry that has thrown Andhra Pradesh into crisis may be [...]

Read Full Post »