CHAMPIONS OF HUMAN RIGHTS MUHAMMAD YUNUS.
It began in 1976 when he saw village basket weavers living in abject poverty despite their skill.
Considered poor credit risks, the artisans were forced to borrow money at high interest rates to purchase bamboo and made no profit after repaying moneylenders.
From his own pocket, Yunus made a loan of $27 to a group of women who repaid the funds and, for the first time, made a small profit. Yunus realized that by means of tiny loans and financial services, he could help the poor free themselves from poverty.
In 1983 he established the Grameen Bank (Village Bank), founded on his conviction that credit is a fundamental human right.
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