The Chronicle of Philanthropy

Nobel Prize Win Focuses Attention on Microfinance

The awarding of the Nobel Peace Prize to the Bangladeshi economist Muhammad Yunus this month may provide a lift to the already rapidly growing field of microfinance, and bring financial services to a larger percentage of the world's poor, microfinance experts say.

In 1976, Mr. Yunus founded the Grameen Bank, which makes very small loans...

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