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Father of microcredit seeks finance for all

Muhammad Yunus, the Nobel laureate and founder of the microcredit pioneering Grameen Bank, has called for an overhaul of the global financial system to make services available to the very poor.

Problems such as poverty and food security could be tackled using a non-profit business model, the Bangladeshi economist told an audience in Bangkok.

“We can build a new kind of financial system – that is the challenge of the day,” he said.

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