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The world champ of poverty fighters
Key Excerpts from Article on Website of Ode Magazine, July 2005 Issue
Posted: November 22nd, 2006
http://www.odemagazine.com/article.php?aID=4126
Poverty can be solved, declares Muhammad Yunus. A former economics professor, who holds honorary doctorates from 22 universities in 11 countries, Yunus has seen for himself what works and what doesnt work in Bangladesh, just about the poorest country in the world. "Charity is not the way to help people in need. If you want to solve poverty, you have to put people in a position to build their own life. Unfortunately, this is not how the aid industry works. Western governments and development organizations think they need to offer permanent charity. As a result, they keep entire economies in poverty and families in an inhuman situation." As founder of the Grameen Bank, he is the creator of a concept that now represents an emerging force in the financial world: microcredit, small loans for poor people. Grameen has become a model for banks in nearly 100 countries. "I still think we can cut poverty in half within 10 years and can eradicate it within a human lifetime. Credit is one of the barriers we must eliminate so that the poor can clamber out of poverty. Thanks to the mobile telephone, farmers in Bangladesh can negotiate directly with their customers. Via internet, farmers find out the actual market value of their goods, enabling them to strengthen their negotiating position. They are no longer forced to rely on the clever middleman who kept the farmers in ignorance and took off with their money." Yunus has demonstrated that combating poverty starts with action. And that these actions can sometimes even make a profit.
Note: Yunus was awarded the 2006 Nobel Peace Prize for his empowering work. For lots more on this inspiring movement and what you can do to help pull families out of poverty, click here.
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