contracted The Ultimate Resource - Success

A second loan helped Minara and Dinislam improve their home. It now has a tin roof to keep out the monsoon rains, a separate room for the loom, and a well that provides clean water. As tradition here dictates, the men of the family still eat first, but other things are changing.

This broadcast discuses the beginning of an idea that grew into the Grameen Bank, a bank for the rural poor. In the language of Bangladesh Grameen means rural. It’s also the idea for which Muhammad Yunus and the Grameen Bank were awarded the Nobel Peace Prize in 2006. The business of the Grameen Bank is micro credit: small loans to poor people enabling them to create businesses of their own.

The system is unusual and simple. A loan requires no collateral, no legal contract and ninety six percent of the loans in this mostly Muslim country are made to women.

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contracted The Ultimate Resource - Success
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