Yunus Says Borrowers Are Core of Grameen Bank

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Mar 2011
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Bangladesh, March, 24 2011 - Bangladeshi Nobel laureate Muhammad Yunus is facing challenging times. On March 2, Bangladesh's central bank ruled that he must step down as managing director of Grameen Bank, the institution he founded in the 1970s to get small loans to poor farmers without collateral. The success of Grameen won Mr. Yunus international acclaim and helped spawn the global microfinance industry. The bank and Mr. Yunus shared the 2006 Nobel Peace Prize.

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Source : The Wall Street Journal
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