Crowdsourcing Success

Banking is based on the principle that the more you have, the more you can get. But we reversed the basic principle of banking, saying that if you have absolutely nothing, you are our most prominent client. – Muhammad Yunus, Grameen Bank. In the 1970’s, a newly independent nation was in the grips of economic and institutional crisis. An economist returned to his native country and became an Economics Professor in Bangladesh. He witnessed rampant poverty and desperation, and noted cruel private lending conditions. Two-thirds of the world’s population is deprived of services available from financial institutions, and bankers told…