Question

Muhammad Yunus has done a lot to alleviate poverty.quotes example from the lesson to prove this
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Answer 1

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The Yunus-Grameen story is indeed unique. It begins with Muhammad Yunus's return to Bangladesh after completing his doctorate in economics and then teaching at Middle Tennessee State University in the United States. Yunus had been guided in this path by Nicholas Georgescu-Roegen, a unique thinker who created "evolutionary economics" and influenced Yunus in ways that would help him develop the ideas behind Grameen. Georgescu-Roegen made Yunus understand that without the human side, "economics is just as hard and dry as stone."

Yunus returned in 1972 to the newly independent country and began teaching in Chittagong University. During the famine of 1974, he was very troubled by the disjuncture between academic economics and the reality of people dying from hunger. He found it difficult to teach the elegant economic models which, when properly implemented by governments, were supposed to alleviate destitution.

At this time he came upon Sufia Khatun, a local woman from the village of Jobra, who was weaving and selling cane stools. She had to borrow from the local moneylender to purchase raw materials and made a profit of a penny on each stool. Yunus decided to cut through the monopoly power of usurious lenders and increase her income. He gathered his students to witness a true lesson in economic development, as he lent money to Sufia and forty-one others for their business projects