NEW YORK: Nobel Peace Prize winner Muhammad Yunus, known as the “banker to the poor” for making small loans in impoverished countries, is now doing business in the centre of capitalism – New York City.
In the past year, the first US branch of his Grameen Bank has lent US$1.5mil, ranging from a few hundred dollars to a few thousand dollars, to nearly 600 women with small business plans in the city’s borough of Queens.
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