A massive expansion of microcredit in the USA is poised for take off.
Yunus has 1,000 borrowers in Jackson Heights, NY, and a 100% repayment rate. Start ups are underway in Omaha, NB, and other places, including Baltimore, MD.
Grameen Bank is completely unaffected by the recession, and that is true in whatever country it is operating. Including the United States.
The talk today (I'll add a link as soon as it is available), has moments of pure genius. Watch for the clever pun on the word “fours” - pretty classy for a native Bengali speaker.
I am in awe of this man, and have been since 1985. It is the pride of my life that I was able to work alongside him for a while.
One day every single person in the world will know his name.
And you can take that to the bank.