Microfinance Under Fire

By David Bornstein

Munir Uz Zaman/Agence France-Presse — Getty Images

Muhammad Yunus, center, outside the high court building in Dhaka, Bangladesh, on March 6 where he contested the government’s decision to remove him from his post in Grameen Bank.

At Fixes, our focus is typically on implementing new or underutilized ideas to help those in need. But sometimes it’s just as important to protect institutions that are already working well. Which is why I’m writing today about the Grameen Bank, the Bangladeshi organization that won the 2006 Nobel Peace Prize, along with its founder Muhammad Yunus, for its work extending microloans to some of the world’s poorest, and has been crucial in global efforts to lift millions of people out of poverty.
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