BANGALORE: Nobel laureate and founder of micro-finance giant Grameen Bank in Bangladesh Muhammad Yunus today said borrowers of the bank were keen to pick up 20 per cent of the shares on offer in the initial public offering of his country’s biggest mobile phone operator Grameenphone.
Speaking at a function here, the Nobel Peace Prize winner said: “20 per cent should be reserved for borrowers of Grameen Bank.”
Grameenphone is a joint venture between Grameen Telecom, owned by the bank, and Norwegian telcom company Telenor.
He said the allotment can be made to a trust to be formed by the borrowers, who had the financial capability to buy the shares… [click here to read the rest of this article...]
The Grameen Bank is owned by the people who borrow from it. At a Microcredit summit, 11 groups have agreed to report their annual interest rates. A move that may help to keep with sectors charitable roots… [click here to read the rest of this article...]
Nigeria: Stakeholders learn a thing or two from Yunus…
Stakeholders in the microfinance sector in Nigeria have a unique opportunity to tap into the secrets of success of the 2006 Nobel Laureate and ‘Banker to the Poor’, Professor Mohammad Yunus…
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