Muhammad Yunus
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- Goldman Sachs19 min
Muhammad Yunus and Andrea Jung of Grameen Bank: Talks at GS Session Highlights
Muhammad Yunus, Andrea Jung, Dina
Professor Muhammad Yunus founded Grameen Bank to pioneer a global microfinance movement that empowers the rural poor, a model now expanded in the United States under Andrea Jung's leadership at Grameen America. This U.S. branch utilizes a group-based lending structure to provide no-collateral loans to unbanked women, achieving a 99.6% repayment rate while transforming borrowers into financially literate citizens with improved credit scores. Beyond immediate lending, the organization drives long-term economic development through social enterprises like Grameen Shakti and anticipates accelerating impact by integrating mobile technology with traditional microfinance strategies.
- 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.