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International Business Times
International Business Times
Business
Shafiqul ALAM

Muhammad Yunus: Bangladesh's 'Banker To The Poor'

Bangladeshi microfinance pioneer Muhammad Yunus was awarded the Nobel Peace Prize in 2006 (Credit: AFP)

Jailed Nobel-winning microfinance pioneer Muhammad Yunus is celebrated around the world for helping millions of people out of poverty, but at home in Bangladesh he has a powerful enemy.

The 83-year-old, known as the "banker to the poorest of the poor", was awarded the Peace Prize in 2006 for his work loaning small cash sums to rural women, allowing them to invest in farm tools or business equipment and boost their earnings.

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