Grameen Bank and its founder Muhammad Yunus won a Nobel Peace Prize in 2006 for their microcredit activities in the Third World. And since it worked so well over there, they’re now bringing their services to North America. Grameen America recently started lending small amounts of money to prospective entrepreneurs in Queens, N.Y., while other cities in the United States and Canada are intending to launch similar programs.
While the New York Times dedicated an article in April to Grameen’s operations in Queens, the Globe and Mail published today the summary and some excerpts of an interview with Yunus.
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[...] Grameen America, another microcredit program, also started operating in the U.S. after winning a Nobel Peace Prize in 2006 for their activities in third world countries. [...]