My meeting with Noble Laureate Mohd Yunus

Today, we met Noble Laureate Mohd Yunus, the father of Micro Finance and Self Help groups. He started this initiative in 1976 just after Bangladesh’s independence in 1971. Started Grameen Bank formally in 1983 and the rest is history.

He believes in creating social business vs charity. He says charity has one life cycle while social business has unlimited. Now this concept is very active in Germany, France, Africa and Japan. Many German corporations have joint ventures with Grameen Bank for social businesses.

He has published a new book – “A World of Three Zeros: Zero Poverty, Zero Unemployment, Zero Carbon.” We were lucky to get this copy after spending over an hour with him.

May 10, 2020

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Author
Arun Jain