Microcredit and Economic Development

Muhammad Yunus, 2006 winner of the Nobel Peace Prize, spoke about economic development in developing countries and the use of micro-loans… read more

Muhammad Yunus, 2006 winner of the Nobel Peace Prize, spoke about economic development in developing countries and the use of micro-loans to alleviate poverty and inspire change in banking practices. He also talked about his experiences that lead to the Nobel Peace Price and the rewards of operating “social businesses.” He responded to questions submitted by members of the audience.

Mr. Yunus was a Bangladeshi banker and economist. He founded and developed the concept of microcredit, the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans. Mr. Yunus and his Grameen Bank were jointly awarded the 2006 Nobel Peace Prize, “for their efforts to create economic and social development from below.” close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Microcredit and Economic Development

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Program ID:
195448-1
Category:
National Press Club
Format:
National Press Club Speech
Location:
Washington, District of Columbia, United States
First Aired:
Nov 20, 2006
Last Aired:
Nov 23, 2006

Airing Details

  • Nov 20, 2006 | 1:01pm EST | C-SPAN 2
  • Nov 20, 2006 | 10:39pm EST | C-SPAN 1
  • Nov 21, 2006 | 2:21am EST | C-SPAN 1
  • Nov 21, 2006 | 9:32am EST | C-SPAN 2
  • Nov 22, 2006 | 4:56pm EST | C-SPAN 2
  • Nov 23, 2006 | 1:48am EST | C-SPAN 1
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