Muhammad Yunus Talks Microfinance

Microfinance pioneer Muhammad Yunus (pictured) headlined this year’s Westmont College President’s Breakfast on 2/28 and spoke about the inspiration behind Grameen Bank, which he founded in 1976 to create loans for those without good credit or the necessary capital to start a business. Through Yunus’s model, the bank has lent to more than 8.4 million poverty-stricken borrowers, and more than 250 institutions throughout the world have set up such micro-credit programs.