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Did Microlending Survive the Recession? Yes, Says Grameen Bank Founder

Nobel laureate Muhammad Yunus says the Grameen Bank in Bangladesh and its microcredit program remain robust despite the gloomy state of the global economy. Yunus credits the bank's one-on-one relationship with the "real economy" for shielding it from the economic turbulence. "We don't even know there's a crisis going on," he says. ----- Microcredit pioneer and Grameen Bank founder Muhammad Yunus shows how he believes the social business model can harness the entrepreneurial spirit to addre

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Did Microlending Survive the Recession? Yes, Says Grameen Bank Founder