One of the most successful development organizations in the world is the Grameen Bank of Bangladesh. Started by professor Muhammad Yunus, the Grameen Bank is noteworthy for the stark contrast between its operating principles and those of the big, international lending institutions, such as the World Bank and the IMF. The Grameen Bank's success in empowering the poor has made it a model that is being emulated around the world.
History and Purpose
Muhammad Yunus is an academic turned banker in Bangladesh who has turned the most sacred rules of the profession up-side down and made himself a frequently mentioned Nobel Prize candidate in ...