1,364 views

Watch
- Search Videos
  
  Advanced search »
- Submit a New Video
Discuss
About
- Try clicking on the various channels to see videos posted to that channel - if you're into music you can click the Music channel to get more music sifts - go on and explore! Use the "hotness" when you have opened the channel link to get videos that have gotten a lot of votes, or use "newness" to have a look at the new sifts.
  When browsing sifts you like, have a look at the Related Posts list to see other related videos, click the tags under the video title to see more sifts tagged with the same tags or have a look at other sifts from the same user in the More Posts By list. If the sifted video is in a play list, have a look at the play list to see other interesting videos the Sift users have linked together.
  Enter the Sift Lounge to chat with online sifters about anything and everything, or read interesting posts in the Sift Talk forum.
  The Top New Videos list is always full of interesting, current videos. It is always recommended that you have a look through the Top New Videos, but also have a look at these:
  - Upcoming Unsifted Videos - active video submissions that neither are published to the front page nor archived to the submitter's personal queue
- Have you seen a really funny, surprising, scary, interesting, cute or in any other way extra good quality video?
  Post and share it here - VideoSift is the best video aggregator on the Web, where we share, discuss, promote, and interact with the best videos out there on the web. Post it here, and share it with the large community of video-interested users. And - you are guaranteed to find more very good videos here already!
  Mind you, we only share videos you discover that someone else has made; if you "self link," by posting a video you have made, have posted or have interests in, you risk the ban hammer - read the posting guidelines before posting. The sift is NOT for promoting your own videos - it is for sharing videos others have made.
  Submit a Video Now »
Login

2007 Skoll World Forum, Muhammad Yunus

submitted by persephone

1 decade 6 years 11 months ago

Humanitarian

In 1974, in response to the famine in Bangladesh which resulted in 1,000,000 deaths, Muhammad Yunus started the first micro-loans bank to impoverished people. In 2006 he received the Nobel Peace Prize and in 2007 addressed the audience at the Skoll Awards for Social Entrepreneurship.

4 Comments

*requeue

Re-queueing this video for one more try; last queued Wednesday, December 26th, 2007 2:40am PST - requeue requested by submitter persephone.

"micro loans" is a brilliant breakthrough idea, they make so much sense and cost almost literally Nothing yet do more good for people who actually need them than all the conventional loans (to already wealthy people who Don't need them) put together.

Corporate Capitalists must be either confused or resentful that this idea is taking off since it flies in the face of traditional capitalistic "meritocracy" economics, where only the "worthy" are given a chance to succeed.

NOW had a good piece on the commercialization of microloans. They interview the founders and several clients of a very profitable Mexican Bank that focuses on microcredit. They also interview Yunus, who makes it pretty clear that allowing the bottom line to drive the business of microcredit is a Bad Idea.

Discuss...

🗨️ Emojis & HTML

Enable JavaScript to submit a comment.

This website uses cookies.

This website uses cookies to improve user experience. By using this website you consent to all cookies in accordance with our Privacy Policy.