Yunus Was Right To Target Women

Women, with their dedication to repayment and practical investment decisions are the key to the success of the micro-finance field and the future alleviation of world poverty. The 2006 Nobel Peace Prize winner, Muhammad Yunus had the right idea when he decided to conduct business in the opposite manner of traditional banks, “if banks lent to the rich, I lent to the poor” initiating the practice of micro-finance (Hawser, 25). Muhammad Yunus determined the best way to help the poor was to empower them, and results have shown that targeting women provides the most significant outcomes. Not only do the loans best help women, but also women prove to work as the best vestibules for economic encouragement. Micro-finance’s positive effects, evident in Bangladesh, are beginning to show up in other countries around the world. With over $3.66 billion in loans by the Grameen Bank alone, the micro-finance field holds a respected position in the world and many countries have included the practice of micro-loans in their poverty reduction programs. Muhammad Yunus has set the world in the right direction by giving the female-dominated poor, the gift of opportunity through credit. The most realistic approach to tackling world poverty seen yet, helping women to improve their lives and their countries through micro-finance, will hopefully continue ease the pains of world poverty as it grows.