International and Cross-cultural
This was a pathbreaking collaborative enterprise, launched that year as a 50–50 joint venture between Groupe Danone — the US$16 billion multinational yogurt maker — and the Grameen companies Yunus had cofounded. Yunus called the joint venture a “social business,” which he said could be a pioneering model for
International and Cross-cultural
When he was awarded the Nobel Peace Prize last year, Yunus said that Grameen Bank had lent nearly $6 billion over the last 30 years in loans that average $130 each. A key stipulation of the program is that its loans must be for income-producing activities, not consumption. But,
Ling- English
As founder of the Grameen Bank receives Nobel Peace Prize, the profile of microcredit lending grows Bangladeshi Economist Claims Nobel Peace Prize [Real Player] http://www.npr.org/templates/story/story.php?storyId=6605060 Nobel Peace Prize Award Ceremony 2006 [Windows Media Player] http://nobelprize.org/award_ceremonies/ceremony_oslo/