That is exactly right. Before he became a global figure for microfinance and a Nobel Peace Prize laureate, Muhammad Yunus was the head of the Economics Department at Chittagong University in Bangladesh.
It was actually his time there in the mid-1970s that sparked the idea for the Grameen Bank. While teaching high-level economic theories, he stepped outside the classroom and realized those theories didn’t help the people in the neighboring village of Jobra who were suffering through a famine.
- الاجابة : صواب.
The Turning Point at Jobra
Yunus famously found that 42 women in the village owed a total of just $27 USD to moneylenders. Because they couldn’t repay this tiny amount, they were stuck in a cycle of “bonded labor.”
The Action: He paid off their debt out of his own pocket.
The Realization: He saw that traditional banks ignored the poor because they lacked collateral.
The Result: He proved that the poor are actually highly reliable borrowers, eventually leading to the formal founding of Grameen Bank in 1983.
