Housing For The Rural Poor: The Grameen Bank Experience

Dr Muhammed Yunus launched an action-research Program in 1976 to extend banking facilities to the poor and to eliminate exploitation by moneylenders. By creating opportunities for self-employment, Dr Yunus aimed to convert the age-old vicious circle of 'low income, low savings, low investment, low income' to 'low income, credit, investment, more income, more credit, more investment, more income'.