Tag Archives: Yunus

Development choices: The poor or profits?

By Elmira Bayrasli | Published: January 15, 2011
(updated) Muhammad Yunus, the Nobel Prize winning founder of the Grameen Bank, writes in today’s New York Times that microcredit has “give(n) rise to its own breed of loan sharks.”  He’s troubled, in particular, with the “commercialization” of the industry, formed, as he says to “provide small loans that people, especially poor women, could use to [...]
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Profit: A dirty word?

By Elmira Bayrasli | Published: August 2, 2010
Is it okay to profit off the poor?  I, along with a number of other development junkies, debated this point over Twitter on Friday.  It came at the behest of the inimitable Matthew Bishop, co-author of Philanthrocapitalism. He did so following a blog post he and co-author Michael Green wrote following Muhammad Yunus’s reaction over [...]
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