He’s an economist, a banker and the man who developed the concept of microcredit. Mohammad Yunus set up the Grameen bank in Bangladesh more than 30 years ago, and in 2006 they were jointly awarded the the Nobel Peace Prize. In simple terms the concept he dreamt up was to loan small amounts of money to entrepreneurs, too poor to qualify for traditional bank loans. His view was that rural poor people had skills that with a little financial backing could help lift them out of poverty. He also strongly believed that people from a poorer background were more likely to repay their loans.
Continue reading ‘What could the rich world’s banks learn from the poor world’s?’
These aren’t great times to be a boss. Most companies in the world are feeling the pressure of the global economic downturn and they people in charge of them aren’t winning any popularity contests. We’re inviting company bosses from all over the world to come on today’s show and tell us about their experiences of these tough times. Should we all be better at acknowledging the role that these people played in creatign wealth for all of us? 
It’s a tough one, and a quandary being faced by employers all over the world. The money isn’t coming in, so what do you do? Take out a loan you might never be able to repay? Drop your staff to four day weeks? Or lay off some employees to save the jobs of others?
It was born out of the events of September 11th 2001, the day that many people said changed the world forever. It’s without question a place that has caused huge controversy with men being held for years on end, with no trial, and many claiming to have been subjected to horrific torture both at the camp and in other countries around the world as part of extraordinary rendition. 
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