Muhammad Yunus

World Politics
2 Yunus Watch: Microfinance pioneer further piled on

I’m sorry to reveal a bias here, but all these attacks and critiques of the Bangladeshi economist and Nobel Peace Prize-winning pioneer of microfinance, Muhammad Yunus, appear to be so obviously opportunistic (if not an outright smear campaign), I can’t figure out why smart people just keep piling on. As…

Basics
1 Former microfinancier Unitus issues vague statement on closure

The local microfinance firm Unitus, which abruptly closed up shop and laid off its employees this summer after coming into a financial windfall, has issued a long-awaited statement that it had promised would explain its actions. It is a statement, but not that explanatory — either on why the organization…

Basics
0 Microfinance flap keeps getting weirder

There is a crisis in the anti-poverty scheme microfinance, centered in India but reverberating globally. I posted on the local implications of this mess in October, before it exploded in India but back when there were signs of trouble. I’ve tried to keep up as it has gotten more intense…

Basics
0 Microfinance, subprime loans and baseball

Is Microfinance the New Subprime? That’s the provocative title of a new article in the Harvard Business Review by financial journalist Barbara Kiviat and New York University economist (and author of Portfolios of the Poor) Jonathan Morduch. The subtext of the question is the implication that, like those sub-prime mortgage…

Basics
4 Turmoil in microfinance continues

The struggle for the image, if not the soul, of microfinance continues. Overview: Microfinance was created to help the poor by Muhammad Yunus, who won the Nobel Peace Prize for the scheme. Since then, many others have adopted it and some have changed the approach to become more profit-oriented –…

Human Rights
0 Microfinance vs. Loan-Sharking

For those of you, like me, who weren’t able to make it to the Clinton Global Initiative in New York City last month, I wanted to draw your attention to a great debate about microfinance. Below is a video — “Profiting from the Poor?” — in which Nobel Peace Prize-winner…

Basics
0 Doh! Microfinance Guru Muhammad Yunus on The Simpsons

You know you’ve hit the big time when you’re on the TV show The Simpsons. Muhammad Yunus, the Nobel Prize winner who developed the anti-poverty scheme known as “microfinance” or “microcredit, ” played himself Sunday on an episode in which Lisa Simpson helps a poor friend and classmate start a…