Muhammad Yunus

1 Thousand in Seattle support ‘controversial’ anti-poverty scheme

It didn’t used to be controversial. But one way to say this is that nearly one thousand people turned out for a Seattle event Tuesday to celebrate and support an anti-poverty scheme that many experts in the aid and development community contend doesn’t work. Microcredit loans. “We have something like…

2 Muhammad Yunus on the crisis in microfinance

The Guardian has published an excellent, in-depth interview with Muhammad Yunus that provides perspective on the current crisis in microfinance. Yunus, the Nobel Prize-winning economist credited with developing this anti-poverty scheme, has been at the center of his own crisis, which overlaps with the general crisis but is largely due…

0 Mysterious microfinance firm re-emerges

Clay Holtzman, in his new blog Nonprofit Kingdom, notes that a year ago the Seattle microfinance firm Unitus closed its doors, laid off most of its staff and didn’t really tell anybody (including some major donors) why it did so. Unitus, which had claimed its primary mission was to help…

0 Has India jinxed microfinance?

The anti-poverty scheme known as microfinance is in crisis, or maybe several crises. The political sacking of Muhammad Yunus as head of the pioneering Grameen Bank, allegations of loan-shark profiteering by some microfinanciers and suicides of poor people caught in “debt traps” have led to a drumbeat of negative media…

0 Yunus loses appeal

Microfinance pioneer and Nobel Prize laureate Muhammad Yunus has lost his appeal to Bangladesh’s high court seeking to overturn the government’s attempt to remove him from a leadership role at Grameen Bank, which provides loans and financial services to the poor. The AP reports that the move by politicians to…

0 Try to catch “To Catch a Dollar” on Yunus and microfinance

I was granted the opportunity, thanks to the good folks at SeaMo, to both join their party Thursday celebrating Seattle’s prominent role in the global microfinance community and to see the debut of a new documentary about this anti-poverty scheme and the Bangladeshi economist who pioneered it. To Catch a…

1 New microfinance movie aiming to inspire, ignores the cage fight

Tonight, all around the country — 7:30 p.m. at Seattle’s University District Varsity Theatre — is the debut of a documentary celebrating microfinance, its Nobel Prize-winning creator Muhammad Yunus and a look at how it could work for the American poverty market, if you want to call it that. Robert…

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…

7 Five reasons why microfinance is in crisis – and why it matters

The popular anti-poverty scheme of providing small loans and other financial services to poor people, generally known as microfinance, is in crisis. “In one sense, you could say it’s a coming of age,” says Alex Counts, CEO at the Grameen Foundation, a leading non-profit microfinance organization with offices in Seattle…

1 What will it mean if microfinance pioneer is ousted?

Muhammad Yunus, the Nobel Peace Prize-winning economist who pioneered the anti-poverty strategy of microfinance, is being pressured by Bangladeshi politicians to “retire” as head of the Grameen Bank — the financial institution he set up some 30 years ago to provide small loans to the poor. The politicians say they…

1 2 3