Muhammad Yunus Makes the Rounds


Nobel Peace Prize winner Muhammad Yunus is in New York this week, and he’ll be making the rounds for various appearances. He’s going to be on The Daily Show with Jon Stewart on Thursday—soon after appearing at the Council on Foreign Relations that afternoon. I’m hoping to catch his speech at the CFR; my boss is a member and sneaks me in (legally) whenever he can. Though I’d probably rather trade it in for Daily Show tickets. Yunus and Stewart? Swoon.

Yunus will be promoting his book, Banker to the Poor, but if I get into see him, I’m planning on asking about his interest policies on micro-credit loans. I read somewhere it’s 20% for income generating loans, which, while lower than the government rate, still seems pretty steep to me. But it’s 8% for housing loans, 5% for student loans, and even interest-free for “struggling members” (read: beggars). I wonder what his take is on Islamic banking? Guess I should do my homework first and perhaps ask my dad.

Anyway, I will have a full report after Thursday!

November 14, 2006
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  1. November 14, 2006, 1:18 pm

    Hello to all the people who support Muhamad Yunus. You have an opportunity to learn more about his ideas and help at the same time. Ashoka: Inovators for the Public (, recently developed a group of films about Social Entrepreneurship, and Yunus is one of the speakers.

    Ashoka – just launched an ambitious subtitling project with dotSUB (, a new site that lets you translate films line by line. The plan: volunteers translate one video on Muhammad Yunus and one on Ashoka founder Bill Drayton into 100 languages in time for the Nobel ceremony on December 10th. Go on, translate a few lines ( and learn more about what these Social Entrepreneurs have done. You will be giving people all around the world the opportunity to enjoy and learn from these videos…