Word: yunusã
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...Yunus??s speech resounded with the receptive audience, which gave him a standing ovation...
...Yunus?? strategy of mutual benefit sets him apart from the Nobel laureates before him who labored to address poverty. He has been both praised and criticized for finding a method that not only helps the poor but also allows the financial markets to tap into the 86 percent of the globe’s population that has had little or no access to bank loans. Yunus?? prize honors not just his specific strategy, however, but also his impulse to redefine how we look at the problem of global poverty. Microfinance demonstrates that what matters...
...years of microfinance has provided reassuring success stories—from Yunus?? own in Bangladesh to the 3,200 microcredit institutions that had sprouted up around the world by the end of 2004. It is a strategy that American corporations are slowly catching onto. Many see it as a way for companies to signify their commitment to social responsibility, highlighting a humane effort to change their ruthless reputations. And, it may be successful at helping to do just that...
...part of what defines Yunus?? strategy is its ability to undermine “social welfare” appeals. These women are forming relationships with banks because they have demonstrated their eligibility to participate in the global economy on terms the world already understands. They are slowly proving to big businesses, American included, that they are worthy clients on the same level as more traditional loan recipients...
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