» 10/22/2010, 00.00
Micro credit driving people to suicide in India
Developed and launched by Nobel laureate Mohammad Yunus, micro financing has turned into a system of brutal exploitation where agents push debtors to take their own lives in order collect insurance money to pay off their debts. In six weeks, 45 confirmed cases of suicide have been attributed to this reason. An activist slams the system as something “worse than Nazism”.
Dalits still victims of discrimination
Despite the law, Dalits have to bring their own plates to eat in restaurants. Upper caste Hindus justify the practice because it is "their tradition".
Upper caste and Dalit Catholics clash, police shoot and kill
In Tamil Nadu upper caste Catholics attack Dalits, destroying dozens of their homes. They are “guilty” of demanding a separate parish. Police move in and fire at attackers.
20/04/2013 BANGLADESH - USA
Medal of honor to Muhammad Yunus, the controversial creator of microcredit
The United States awards the Nobel laureate their highest civilian award. The fight against global poverty is one of the requisites for the honor. Yunus founded the Grameen Bank in 1983, drawing criticism over its management and the micro-credit system.
Micro-credit bank to launch in the Philippines with church support
Manila has announced the launch of a micro-credit bank modelled on the Grameen Bank of Nobel Prize winner, Muhammad Yunus. A Catholic man will run the bank that will be based in Pangasinan.
Kabul women jumpstart the economy
Management courses in the US, micro credit programmes and an extraordinary desire to start over are behind Afghan women's revival of the country's economy.
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