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Tuesday 11th of January 2011

News Tag: Bangladesh

July 27, 2010

Anti-poverty banker to star in The Simpsons

by David Masters
Anti-poverty banker to star in the Simpsons
The Bangladeshi anti-poverty banker Muhammad Yunus is to feature in an episode of hit TV cartoon The Simpsons. Yunus, whose pioneering work on micro-finance earned him the Nobel Peace Prize in 2006, will appear in the TV show as a cartoon version of himself. The episode will focus on his micro-credit work in Bangladesh, which has helped to lift millions of people ...



June 4, 2010

Nobel laureate warns against microfinance loan sharks

by David Masters
Nobel laureate warns against microfinance loan sharks
Investors looking to profit from microfinance are no better than loan sharks, a pioneer of the industry has claimed. Nobel laureate Muhammad Yunus said he is concerned that investment funds are viewing microfinance as a way to make a profit. "Poor people should not be presented as an opportunity to make money," said the Bangladeshi economist. "We started out with the idea of ...



March 8, 2010

Sustainable banks pledge to serve the poor

by David Masters
Sustainable banks pledge to serve the poor
Eleven industry leading sustainable banks have pledged to deliver banking services to the world's poorest people. The banks made the promise at the second summit of the Global Alliance for Banking on Values (GABV) in Dhaka, capital of Bangladesh, earlier this month. "Fighting poverty will remain the first priority for the banking sector in the foreseeable future," said Fazle Hasan, GABV co-founder. This ...