A history of microfinance | Muhammad Yunus | TEDxVienna
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- เผยแพร่เมื่อ 17 ม.ค. 2012
- Prof. Muhammad Yunus is a Bangladeshi economist and founder of the Grameen Bank, an institution that provides microcredit to help its clients establish creditworthiness and financial self-sufficiency. In 2006 Yunus and Grameen received the Nobel Peace Prize. Yunus himself has received several other national and international honors.
He is a member of advisory board at Shahjalal University of Science and Technology. Previously, he was a professor of economics at Chittagong University where he developed the concepts of microcredit and microfinance. He is the author of Banker to the Poor and two books on Social Business Models, and a founding board member of Grameen America and Grameen Foundation.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx
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"Who knows, it may work - let me give it a try. If I fail, it's ok. But I have to try."
Muhammad Yunus
He has the ability to see the capitalism for what it is and reverses its rules to benefit the poor. Such a vision, determination, creativity and humanity. The more I listen to him the more I respect him. Truly genious and a hero.
He isn't seeing past capitalism. Capitalism gives him the mobility to do this. He is no trying to flip capitalism, he is actually practicing business successfully, he is merely reasoning the question "what is satisfaction?" And realigning his incentives after asking the question . He is doing this himself, he is not insisting he should use other people's money, and he is taking big risks because he knows they are worth it because he has thought about what is worth having. His thing about everyone being an entrepreneur is a capitalist concept, it's not as simple as tunas good capitalism evil, he hasn't flipped the system this is inherent in the system, in a way we all work towards this ourselves but don't think like job creators and take a hit, so he's found a way to bring encouragement in the individual to bring out their potential, he encourages them with a. System that exists in capitalism, someone just has to come around and do it for it to get done, and he's laid the blueprint
His bank is loan shark. interest rate is 30 to 40 percent. He got noble price micro credit. My villeger sold house for pay debt.
@@muhammedhussain8393 I don't know what it is from person to person but I looked it up and his bank charges about 20% interest. Still a bit steep but idk.
@@jackdavid4721 if you take Bangladesh's inflation rate into account the interest becomes even cheaper. This guy doesn't even have a real timeline for repayment so its a pretty good deal. I do know there's a lot of propaganda spread about him by political parties for their own self-interests but I pay them no heed. I myself have seen people benefit from Grameen.
@@iMusikkForeva That's good to know, what he is doing seems pretty honorable and has seen results
We, Bangladeshi People, are proud of Dr. Yunus.
+Md Arifur Rahman The entire world is!
Respectable person 🙏
Respectable PersOn ❤
From the other side of Bangla, we are proud of Bangali achievement too, whether in India or Bangladesh.
Lots of love and respect to Bangla people from India. Its wonderful how your country didn't succumb to policy failure and terrorism and progressed economically!
We started our microfinance company in the Philippines, its just a small one, but its amazing, because even if there is pandemic or covid 19 we are still able to run it smoothly, why? Because we are a group of officers from different type of microfinance who work together and brought our members from different microfinance and it works😍😍😍😍 we have 83 centers now with 500 members going stronger. Wish us luck.
wow, that's amazing...so cool to see real life examples of micro finance working. Best of luck!
Goodluck and keep it strong
Hi Ms. Jane
Good luck. Love from Bangladesh 🇧🇩🇧🇩🇧🇩
What is the name of your company?
Why haven't I heard of this hero before?
I'm amazed!
ignorance ...he is a noble laureate .... maybe coz he is from a poor asian country
Thanks
I meet Dr Yunus during my ph.D and it was wonderful meeting him
respect to muhammad yunus! he is a person with great vision. earth needs more people like him so there arent anyone who thinks lowly of oneself! truly respect!!
He made poor more poorer.His bank distroyed poor in bangladesh. Interest rate so high.Some hindu woman left bangladesh for India with nothing.Hindu woman took loan from his bank with from 35 % interest rate.
I myself helped some of my villeger 100000taka.They paid grameen bank loan.I am not rich.i work for other.
@@muhammedhussain8393 You have no idea.Educate yourself.
@@muhammedhussain8393 first learn to write without grammatical and spelling mistakes, I have seen your other comments and your words are not making any sense because of this. You should give your unsolicited "opinion" later. Good luck!
@@muhammedhussain8393 8
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
Lots of Love to Bangladesh from the Philippines.
One of the legends of Bangladesh... We are proud of Muhammad Yunus...
He is a gem of our country. You increased the value of our country.
My dad did this similar scheme to Mr Yunuch to help small fisherfolks people in a southern province of thailand
Who banks do not grant them loan
to have access to small loan
at low interests in form of coop group.
Mr Yunuch gained lots of respect
I am congratulating him
And his people are blessed for his pioneer
Now I found my hero. A great man with a great vision.
Founder of Microfinance, Mr. Muhammad Yunus. ❤️
I, myself believes how microfinance helped the poor.
I am proud working on a microfinance institution. 👍
বোকাচোদা বলে কী
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
I am speachless. May Allah give you a long long life because Bangladesh needs you to help her.
offering respect!
Bangladeshi legend.
jamil from USA.
He is a lair. His bank is loan shark. He distroyed my villeger by micro credit.
he can't help if you're stupid and dont know how to manage your finance.
I'm pretty sure there will be one teacher at his school that teaches multiple villages and all subjects. Probably most people don't go beyond primary school. The focus is on language, perhaps reading, and basic maths. Most kids will start working in the family business at age 11. You shouldn't impose your western ideals on a situation you know nothing about.
@@muhammedhussain8393 You moron..why are you running here and there with your gibberish...?
Some people are so gifted they make it seem so easy to change the world upside down, and still retain humble behavior and jolly good humor. Incredible to think he has been given the same prize as Kissinger, what a world
All Henry Kissinger did as a professional was state that “Bangladesh is a basket case” while Yunus went and changed Bangladesh and much more of the world entirely. What a difference...the irony is real!
@@iMusikkForeva thats not true. Bangladesh is changing for readymade garments and others..,
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
no standing ovation for this man?
airricpoh its come from in your Heart
One of the greatest man. I always go back to this video from time to time just to be reminded on how people can actually make impact to the world.
"a man who long ago should have won the Nobel Prize [in Economics and] I'll keep saying that until they finally give it to him." - U.S President Bill Clinton . And I totally agree with him❤
Amazed is an understatement. This is the way to go...
Prof Yunus is the best intellectual figure in Bangladesh. Wish you all the best sir!
Currently reading Mr. Yunus' book, its incredibly amazing what he and all the other hard workers at Grameen have done.
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
So inspiring. Thank you Muhammad Yunus for giving me a real life example of a social business and for showing the world it works
Give it a break and start fresh, Bank owned by poor people (Made it owned by poor women/97% owned by women and they are the one who run the bank/they are the board and they decide the rules and procedures of the bank). All human beings are entrepreneurs. Just that she doesn't have confidence it doesn't mean the she does not have entrepreneurial ability.
Thank you Dr. Yunus, this idea of banks not wanting to give money to the poor also exist in the Pacific. I am inspired of this wonderful presentation.
Found this post 23rd December 2021 and found what I always dreamed to do. Earning money and holding to myself it doesn't give me one bit of happiness when I give away I feel at least I did one tiny difference to someone needing money more than me.
I am so amazed Sir! I am 1 of your fan. I really wish to learn more about social business, so i could share it to our community here in the Philippines. I am currently, stationed here in Guiuan< Eastern Samar (Typhoon Yolanda's 1st land fall. I am currently looking for program that will help sustain the livelihood intervention. It would be of great help to realize our goal in helping these communities improve their quality of living. Thank you very much. Indeed very inspiring & insightful!
Just an inquiry, Maechille Robih have you tried this micro finance? If yes, can I ask you what did you do and how? I just want to know if it's applicable here too. Thanks.
+Larry Sto. Domingo It has worked in New York, the heart of capitalism. Any place with poor persons can benefit.
How does it run? I am interested, +R Viswa.
+Larry Sto. Domingo I am a writer, but interested in social causes. I think this will help many women's organisations who find it difficult to get help from banks
His bank distroyed poor in bangladesh. Interest is high 30 to 40 percent. My villeger is homless for micro credit. He is a liar.
I had goosebumps throughout the video. You're not only helping through this social work but you're inspiring thousands to do the same.
Keep making the world a better place.
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
@@koushik004 so what if they were introduced first by money lenders? Did it impact the society truly in anyways? It had inverse effects on it
Dr Muhammad Yunus is a pioneer of the young generation
After hearing Dr Yunus, I salute him with my heart. Yes you can really create social business for eradicating poverty
What a stand-up guy!...right attitude towards human beings 🙏... respect!
I don't understand economics in much detail, but whatever Mr Yunus has explained is amazing.
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
In the year of 2012 he is talking about entrepreneur... Its just amazing to hear this word from this legend.. 😍😍.. Its shows that how futuristic this man is.
Our only Nobel prize winner in peace. Sir made us pride. ...🇧🇩🇧🇩🇧🇩🥰🥰🥰
I am happy to see that he also has a sense of humour.. very important when you have to work with and for the poor
he does? I thought the funny captions were making me laugh since the automatic captions maker would interpret his spoken words wrong thus making him sound funny.
he is exploiting poor. Interest rate is high. It is another loan shark.
+Muhammed Hussain It's higher than conventional banks loan rate to a person with a credit history.. but it's much lower than the effective date u pay a money lender when u don't have any collateral or any credit history to prove.. hence theoretically the probability of a loss when lending to such an individual is very high.. So the loans are cheaper as compared to the loan rate you would need to pay with such high theoretical default probability
You are talking nonsense my friend. A person who repaid late has a high interest rate.. Obviously the bank has to do that to survive and ensure all abide by the law..
This guys in cahoots with the clinton foundation and human trafficking. It's time to say no more.
Wonderful! ...We need more and more social businesses and and economy that is based on compassion...Hats off to you sir! ....Lots of love and respect from Nepal ♥️
I am blown away by his enormously pious deeds. I pray you dream to make a better civilisation comes true.
best of luck
This man is a legend!
Thanks
Thank you sir for being a pride of our Nation, Bangladesh ❤️
We need more people like Muhammad Yunus Brilliant!
this man, inspired me to further my study to university and shaping my mind how i see the world
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
This guy is brilliant!
Sometimes, human beings are made to help the world like this man, that I had the luck to, at least know about him and his work.
Have to read case study about him and get inspired. Hats off to everyone who tries the best to benefit the society.
I've come to listen about you just today of course I'm familiar with the idea of Micro financing through SHGs in India but I didn't know the origin today I've come to study about it's origin as part of something that I should prepare for. Exam I'm Glad I've searched about Micro Financing and ended up knowing some person Won Noble price that too back In 2006 on this Concept and I'm really taken aback by your Simplicity and austerity
To the great
Md Yunus
From
Indian
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
Sir, Dr. Muhammad Yunus were known, a perfect lady can brings a Perfect Nation.
U have fulfilled your life purpose sir 🙌🏻 , I’m not a Bangladeshi but I thanked God that a great man like you have ever live
But u know how much he is suffering in Bangladesh!!!!
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
@@improsolutionsbangladesh ভাইজান কি বিএনপি করেন? ভাবছেন যে বিদেশীদের কাছে অভিযোগ করলে তারা বিএনপিকে ক্ষমতায় বসাইয়া দেবে? ছাগল জানি কোনহানকার।
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
Thank you so much Dr. Yunus of your continues inspiring motivations to ensure to the world better future like our late founder Doc Cecillia Del Castillo we are proud both you from NWTF Philippines.
What a speech! A heartfelt thanks to you! A pure motivation and aspiration from you! Love you, sir!
This Man is full of ideas to improve society.
Dr. Yunus has something exceptional to be followed by the world.
An amazing speech I have ever watched
Business man think the circle out of money instead of social and community development
As an african people if we implement the solution of Dr Mohamed will be live abundance
MayAllh bless him
Outstanding thinking process. It's very simple but the impact is huge. Thank You!
I love ur style of managing poverty in India Mr Muhammed yunus and I have started ur style in Uganda under my company PhD consult ltd ( lending micro loans to the poor ) so that I can eradicate poverty in Uganda too .
Can we go in partnership. Nigerian here
He is from Bangladesh, not India.
I proud for him he is 1st microfinance founder in the world
How genius a man can be!! You destroyed millions of lives and families still some people loves you... Bravo Mr noble prize winner.
Truly wonderful talk, and wonderful man. So inspiring. This is about true solutions for the mess the industrial revolution and the subsequent Western values have led us to.
We, Bangladeshi People, are proud of Dr. Yunus
Smart, talent, good speaker, deeply thinker.
宿題にしてくれた先生方、ありがとうございます！！！！！！
The world need such person, such peoples, Great and longer Visibility,Great mission, proud to be a Human on the earth.. Salute to you Sir, May God give longer and healthier life. i wish i day follow your path root.
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
We Bangladeshi people wil always love and respect you what you did it’s a phenomenal ❤️❤️
I initiated and run BMT(Baitul mal wat tamwil) inspired by Muhammad Yunus, enjoy knowing his work, and I hope that what I do can reach the goal
he is so inspiring entrepreneur. I am using he ideas to figure out challenges and support small business
This MAN is an example of a SMART HUMAN BEING , Regards from Medellin, Colombia...by the WAy : I learned of Bangladesh: I was " only " 8 y.o : CONCERT FOR BANGLADESH (1971) GEORGE HARRISON & RAVI SHANKAR: The Best CONCERT ever !!!
Great Sir...!! We All Love You & Proud Of You.
Please give this man more Nobel prizes!!!
already have one
All the things he told is about simplicity and what idea he had he just wants to give it a try and that's kind of things smart people usually do.
I'm so impressed that I can't find the words. What a great human!
Don't be so excited
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
we can say with pride he is great for Bangladesh.
Thank you for representing our country. Bangladesh. I adore you sir. A lot of gratitude from my heart!! Stay bless!.
পাশ্চাত্যের মহাজনেরা বলেছে চুদির ভাই, আনন্দের আর সীমা নাই। এই ধরনের উপনিবেশিক মানসিকতা থেকে বেরিয়ে আসুন।
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
He is a true inspiration, pride of Bangladesh ❤
Such masterpiece video youtube took 10 years to recommend me.
I was unlucky 😥
Good people are always right and fight for society ...
Pride of my country D. Mohammad Yunus 🇧🇩
I'm glad no one said anything bad about this talk.
Dr younus only one person who really Honour of Bangladesh I salluat him and I think every Bangladesi should be respect and love and honour Mr .Yonus
Thank you Sir.
Makes us so proud as Bangladeshi
I am speechless sir. You have started it, InshaAllah we will finish it. Respect.
It is simply amazing and incredible contribution.
I just found out about him from Ray Daliio interview with Sean "P. Diddy" Combs. Profound ideas & concepts here. I love it!
Thank you sir, Finally any business is for Society well-being, nice initiative of having Social Business.
He is exploiting poor. Interest rate is so high.His bank made billion.
Congratulation and Best wishes to Professor Dr Mohammad Younus Sir.
From Sri Lanka❤️🇱🇰
Such a brilliant person, who did something for us.dont care about past we care about future 👌 every person is an entrepreneur..
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
such a humble person with great ideology - 👏👏👏
It is very wonderful. We have to think for the prosperity of humanity rather than money gathering that leads civilization. Every thing is not money.
Every time I listen this laureate it is more indulging.
I find myself searching for his videos during study breaks...his vision for the world is addictive!
You are a system changer. This is powerful!
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
I am excited, and inspired by you Sir
We Bangladeshi are proud "Dr. Muhammad Yunus"
imagine if the governments had the same vision.
বোকাচোদা।
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
The facist government of Bangladesh is against him. The prime minister threatened to drown him in the river in front of the media. And now, they sentenced him to jail for something that he did not do.
Thank you Prof. M. Yunus for the inspiration
Dr. Yunus is an inspiration. Respect from India.
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
Thank you for sharing this video!!!! He is a trailblazer and also an Angel for us!!!!
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
Those legendary people wanted to eradicate poverty from society by taking the new initiative, Sir is one of them.
Small loans were introduced in Bangladesh by village moneylenders, not Younus. The money lenders what gave to the villagers were small loans. Dr. Yunus got the Nobel by theorizing that process and lobbying the line through Hillary and sacrificing full ownership of Grameenphone. There are very few examples of anyone changing the state of poverty with forty percent interest and weekly installments. Only those who have daily income like grocer, can take loan with weekly installments. That is why the western masters have said that Chudi's brother, there is no limit to happiness, we call to get out of the colonial mentality. So don't be so excited and try to know the truth.
Great speech…super motivational, ideation and implementation
why hasn't this video gone viral yet? ugh
show me the way giving Dr Yunus
I love him so much 🔰™️✔️
I recall being very interested in Microlending to poorer nations and not for profit either. Yes I would include a small % (no more than an interest bearing checking account on my end). I am NOT a man of great means but can easily recognize when someone's need is greater than my own. The whole purpose of Humanity. No different than helping a family dig a well and staying for a dinner they might provide. If only this mentality could promulgate and be protected from corruption. Dare I say, we'd achieve a degree of harmony vs harm.
Dr. Yunus - our pride of Bangladesh!
☺💙💚💙☺