The following is an interview of Professor Muhammad Yunus given to New York Times way back to December 9, 2006 after Yunus associated himself with Danone in his venture of social business, I am specially impressed with his answer to the need of job for the Grameen graduates at the end of the interview:

It was March 2005 and Muhammad Yunus, the microcredit pioneer who recently won the Nobel Peace Prize, had just agreed — over a handshake during lunch at a Paris restaurant — to start a “social business” with the head of Groupe Danone, the French food company. Read the rest of this entry »

In Santa Barbara Independent Richard Appelbaum noted an interview with the the man who is creating a world without poverty:

Muhammad Yunus is the winner of the 2006 Nobel Peace Prize or his path-breaking work in bringing microcredit (tiny loans for small businesses) to millions of impoverished Bangladeshis through the creation of the Grameen Bank.

The idea for microcredit began in the early ’70s, when Yunus — an economist from Bangladesh’s Chittagong University — led his students on a field trip to a poor village, where they interviewed a woman who made bamboo stools. Yunus learned that she had to borrow money at rates as high as 10 percent per week for the bamboo she used — a cost that left her with only two pennies a day as her total income. Had she been able to borrow under fair conditions, she would have been able to amass an economic cushion and rise above a subsistence level. Read the rest of this entry »