Twenty-two Cents: Muhammad Yunus and the Village Bank

A biography of 2006 Nobel Peace Prize winner Muhammad Yunus, who revolutionized global antipoverty efforts by developing the innovative economic concept of micro-lending.

Growing up in Bangladesh, Muhammad Yunus witnessed extreme poverty all around and was determined to eradicate it. In 1976, as an Economics professor, Muhammad met a young craftswoman in the village of Jobra who needed to borrow five taka (twenty-two cents) to buy materials. No bank would lend such a small amount to an unedu...