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Professor Muhammad Yunus never wanted to be a banker and he certainly never imagined winning the Nobel Peace Prize. Yet his quest to help the working poor invest in themselves led to both. Known as the father of microcredit, Yunus spent years developing the Grameen Bank in Bangladesh, and in 1983 it became a fully licensed bank with a twist-it was owned by its borrowers-mainly poor women, and its mission was to eradicate poverty, not make a profit. Yunus is famous for saying that in developing Grameen he deliberately did the opposite of what a conventional bank would do. Today, the success of Grameen Bank has changed the lives of 7.5 million Bangladeshi borrowers and their families.
Now brining his bank to America, Grameen America opened for business in a nondescript office building in Jackson Heights, Queens in late 2007.
This is a non-collateral lending bank, and Gayle Ferarro will be in the studio to tell us all about Grameen Bank and how it works. Tune in this Friday, and learn all about Grameen Bank.
In the studio with me will be my Co-Host Sybil Marie Presley, and my radio personalities Sharon Coleman, Larone Woodard, and Rev. Douglas Martin.
Dial into the show and speak with my guest and ask questions, or tell us your comments.
SHOW DIAL IN# 1-646-200-3422, and press 1
OR...Listen online: www.blogtalkradio.com/theemilypearlsshow
The "chat room" will also be open.