The story of microcredit, as described by the Washington Post
In 1983, Nobel Prize winner Muhammad Yunus founded the Grameen Bank. This bank provides small loans to the poorest inhabitants of Bangladesh, with which they can start their own business and break out of poverty. Thanks to this innovative approach, Yunus was awarded the Nobel Peace Prize in 2006.
Key points:
- Microcredit helps the poorest with small loans to improve their income.
- The Grameen Bank has so far provided six billion dollars in loans to seven million families.
- Microcredit programs have been introduced in more than 100 countries worldwide.
Yunus believed that credit is a fundamental human right. By offering suitable loan conditions and financial support, people can free themselves from poverty. This methodology forms an important tool in the global fight against poverty.
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