Muhammad Yunus received the Nobel peace prize for helping to lift people out of poverty
He has become a beacon for the poor, an icon in his own country and a celebrity around much of the world.Three decades ago Muhammad Yunus lent just 27 US dollars, from his own pocket, to 42 women in a Bangladeshi village.
The gesture started a new global movement and that style of loan has become know as micro-credit. His Grameen bank has lent money to over 7 million people – more than 96 per cent of them are women. He received the Nobel Peace Prize last year for his work in helping to lift people out of poverty. Muhammad Yunus tells 101 East host Teymoor Nabili that he now wants to go further.
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This episode of 101 East aired on Thursday 11 October 2007 To contact us click on 'Send your feedback' at the top of the page
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