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James McGowan

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  1. Milken Institute1h 0m

    MI Forum: Creating a World Without Poverty

    Muhammad Yunus, Mike Milken, James McGowan, Betsy Zyman, Ross Duvall, Steve Barth

    Founded by Nobel laureate Muhammad Yunus to democratize access to capital, the Grameen Bank operates a unique microfinance model where 7.3 million borrowers, 97% of whom are women, own the institution itself. This structure inverts traditional banking by eliminating collateral and legal enforcement while utilizing social pressure to maintain repayment rates exceeding 98%, thereby extending credit to the world's poorest populations. Building on this foundation, Yunus has expanded into social business ventures like Grameen Danone and Grameen Shakti, which deliver essential services ranging from nutrition to solar energy without relying on external dividends.