Muhammad Yunus: The Grameen Bank and abolishing poverty

Part 1 | Part 2

Professor Muhammad Yunus established the Grameen Bank in Bangladesh in 1983, fuelled by the belief that credit is a fundamental human right.

Beginning with a loan of $27 to a group of impoverished women in Bangladesh, Yunus went on to set up the Grameen Bank - lifting millions out of poverty by disbursing $6.6bn in millions of tiny loans to the poor. This simple idea has grown into an international movement; replicas of the Grameen Bank model operate in more than 100 countries worldwide.

In 2006 Professor Yunus and the Grameen Bank were awarded the Nobel Peace Prize. In this Melbourne Conversations talk, Yunus talks about the conception and growth of the Bank and posits his belief that the world can put an end to poverty within this generation through channelling the market forces of capitalism.

Presented by City of Melbourne in partnership with Business for Millennium Development, Centre for Social Impact and World Vision

Melbourne Recital Centre, March 2010

Source:

City of Melbourne

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