Microcredit and Economic Development
2006-11-20T22:39:37-05:00https://images.c-span.org/Files/bf3/195448-m.jpgMuhammad 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.”
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.”
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… 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
People in this video
-
Muhammad Yunus Nobel Laureate
Hosting Organization
Related Video
-
Noble Peace Prize Ceremony
Muhammad Yunus gave the Nobel lecture upon being awarded the 2006 Nobel Peace Prize in a ceremony at Oslo City Hall. Mr. Yunus is a…
-
Q&A with James Morris
James Morris talked about his life and career and particularly about the United Nations World Food Programme which…
-
Businesses Targeting Low-Income Families
The guest talked about his recent special report in Business Week, "The Poverty Business", which examined businesses…
-
Financial Market Issues: Open Phones
Telephone lines were opened for viewer comments on Secretary Paulson’s speech about oversight of financial institutions.