Microfinance pioneer under cloud | News | Al Jazeera

Microfinance pioneer under cloud

Nobel laureate Muhammad Yunus is facing accusations of siphoning off money.


    Microcredit is a system meant to raise millions out of poverty through small loans.

    It is the lifeline for poor villagers around the world.

    But in Bangladesh, Muhammad Yunus, the pioneer of microfinancing who was awarded the Nobel Peace Prize, is facing fraud allegations.

    Al Jazeera's Nicholas Haque reports from Dhaka.

    SOURCE: Al Jazeera


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