In a conversation with CNBC-TV18‘s Jude Sannith, Yunus says that one needs to develop a business idea out of CSR and convert it into a social business.
There is no proof that microcredit alleviates poverty; on the other hand, it can make the already risky lives of the poorest even riskier, says researcher David Roodman
Bangladeshi Nobel laureate Muhammad Yunus today sought a review of an apex court verdict that unseated him earlier this year from his position as the chief of the Grameen Bank, the pioneering micro lending agency he had founded three decades ago.
Thousands of Bangladeshis protested on Saturday against the removal of Nobel laureate Muhammad Yunus from the top post at Grameen Bank, the microlender he founded.
Bangladesh's finance minister on Wednesday said Nobel laureate Muhammad Yunus should stand down from his role in microlender Grameen Bank following alleged irregularities in its operations.
Bangladesh began on Wednesday investigating allegations that Nobel Prize winning microlender Grameen bank had illegally diverted aid funds after a Norwegian television documentary cast doubts about its tax records.