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Nobel Peace Prize winner Muhammad Yunus pioneered “microcredit,” the innovative banking program that provides impoverished people—mainly women—with small loans to launch businesses and lift their families out of poverty. He is the founder and managing director of Grameen Bank and the author of the bestselling book, Banker to the Poor. In the video above, he sits down with Jeffrey Sachs, Director of the Earth Institute at Columbia University, to describe a new way to use business to tackle social problems from poverty and pollution to inadequate health care and lack of education. At one point, he offers an interesting explanation for why his bank, by design, almost exclusively offers all of its loans to woman. At the end of the discussion, Sachs says, “well, we had prophets and profits tonight!” It wasn’t quite as if Mick Jagger was here, but it was pretty close.
Upcoming Talks:
Jane Mayer in Conversation with Frank Rich: May 19
The World Responds: Economic Crises and Political Hotspots with Ralph Buultjens: May 21
David Gregory in Conversation with Jeff Greenfield: May 26
Richard Haass in Conversation with Katie Couric: War of Necessity, War of Choice? May 27
Dollars and Sense: What’s Next for the Financial Sector and Economy? with Joseph Stiglitz, John Paulson and Matthew Bishop: Jun 1
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