Microfinance: a solution to poverty - but does it work?

Muhammad Yunus, founder of The Grameen Bank, has just won the 2006 Nobel Peace Prize for his scheme to give loans to the poor. Is it all it’s cracked up to be?

Muhammad Yunus, founder of The Grameen Bank, has just won the 2006 Nobel Peace Prize for his scheme to give loans to the poor. Is it all it's cracked up to be? Eoin Gleeson reports

Why is microfinance in the news?

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Eoin came to MoneyWeek in 2006 having graduated with a MLitt in economics from Trinity College, Dublin. He taught economic history for two years at Trinity, while researching a thesis on how herd behaviour destroys financial markets.