‘Banker to the Poor’ Gives New York Women a Boost

‘Banker to the Poor’ Gives New York Women a Boost

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grameen_yunus_dec_04.jpgNobel Peace Prize winner Muhammad Yunus, known as the “banker to the poor” for making small loans in impoverished countries, is now doing business in the center of capitalism — New York City.

In the past year the first U.S. branch of his Grameen Bank has lent $1.5 million, ranging from a few hundred dollars to a few thousand dollars, to nearly 600 women with small business plans in the city’s borough of Queens.

(Read the full story by Reuters)

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