Micro-Lending and the Battle Against World Poverty
“I don’t know … there must be a simple way. The borrower comes back with his or her deposit receipt, presents it to the cashier, and the cashier gives back the money. Whatever accounting the bank does is the bank’s business.”
The manager shook his head but did not answer. “It seems to me your banking system is designed to be anti-illiterate,” I countered.
About the AuthorMuhammad Yunus was born in 1940 in Chittagong, a seaport in Bangladesh. The third of fourteen children, five of whom died in infancy, he was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. In 1972 he became the head of the economics department at Chittagong University. He is the founder of the Grameen Bank.
