How an encounter with extreme poverty led this Nobel Laureate to invent microfinance

In 1974 Muhammad Yunus was an economics lecturer at Chittagong University. Yunus set out to help those affected by poverty and famine. Today Grameen provides micro-loans to 10.7 million people from more than 2,500 branches across Bangladesh. In 2006 Yunus won the Nobel Peace Prize for his work. The bank he founded is setting up a venture capital fund for social entrepreneurs.