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Microcredit Best Tool to Fight Poverty Why is 31 years of positive global experience insufficient for the World Bank to grasp the importance of using microcredit to reach and empower the very poor? In 1976, a young economics professor named Muhammad Yunus lent less than $1 each to 42 craftspeople laboring near starvation, freeing them from perpetual debt to a moneylender so they could profit from their own hard work and care for their families.

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Microcredit Best Tool to Fight Poverty

Why is 31 years of positive global experience insufficient for the World Bank to grasp the importance of using microcredit to reach and empower the very poor?

In 1976, a young economics professor named Muhammad Yunus lent less than $1 each to 42 craftspeople laboring near starvation, freeing them from perpetual debt to a moneylender so they could profit from their own hard work and care for their families.