Grameen Bank

0 Microfinance pioneer Muhammad Yunus ousted?

Update as of Friday afternoon: Still not clear. Muhammad Yunus, the Nobel Peace Prize winning economist who created the anti-poverty loan strategy known as microfinance, has reportedly been ordered by the Bangladesh government to step down from his pioneering institution the Grameen Bank. I say reportedly because the news, at…

1 Microfinance pioneer, after attacking profit-seekers, is counterattacked

The man, and Nobel laureate, who for more than 30 years has been celebrated as one of the world’s leading anti-poverty champions is fending off allegations of improper financial behavior. Economist Muhammad Yunus won the 2006 Nobel Peace Prize for pioneering, through the Bangladeshi lending organization Grameen Bank, the anti-poverty…