Since 1983, Grameen Bank has issued about US$25 billion in collateral-free loans to the poorest of the poor in Bangladesh, while boasting a loan repayment rate of 99%.

2006 Nobel Peace Prize winner, Professor Dr. Muhammad Yunus, shares how his microcredit model has been successfully replicated in over 100 countries, while challenging existing norms in the mainstream financial sector.

Presented by: Tan Chung Han

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Categories:  Personal Finance,  Investments,  Financial Literacy,  SME,  Entrepreneurship,  Social Issues

Tags:  microcredit,  microfinance,  banks,  entrepreneurship,  poverty,