• 00:01    |    
    Initial credits
  • 00:20    |    
    Introduction by Luis Figueroa (Spanish)
  • 01:22.700000000000003    |    
    The Green Children's song: Hear me now
  • 05:23    |    
    Muhammad Yunus' presentation by Dr. Eduardo Mayora
    • Biography
    • Microcredit notion
  • 09:50.200000000000045    |    
    Muhammad Yunus: How could the world change through microcredit
    • Acknowledgment to The Green Children
    • Acknowledgment to Whole Planet Foundation and Whole Foods Market Board Members
    • Ties between Whole Planet Foundation and Grameen Bank
  • 13:32    |    
    History of Grameen Bank
    • First impressions about microcredit
    • Initial ambition
    • Experience with real life poverty
    • First microcredit experience
      • The value of twenty-seven dollars
      • Conclusions about first experience
    • Microcredit refusal from traditional banks
    • Yunus as an intermediary between poor people and banks
      • Small payments over a long period
      • Expansion of microcredit to other villages
      • Blindness of the system
    • Yunus' decision to create Grameen Bank
      • Grameen Bank's different law structure
      • Criticisms about development through microcredits
      • Objections to traditional banking
        • Credit denial to poor people
        • Credit denial to women
      • Credit access to women
        • Women's greater responsibility
        • Women empowerment
  • 50:11    |    
    Effect of Grameen Bank
    • Decline of poverty
    • Improvement of health indicators
    • Achievement of primary and secondary education
    • Reduction of population growth
    • Creation of incentives for children's education
    • Loans for beggars
      • Sales and purchases instead of begging
      • Beggars ability to exploit their potential if given the opportunity
    • Poverty as a consequence of a political and economic system
    • Importance of Grameen Bank
    • Strategic alliance with Banrural
  • 01:10:46    |    
    How to break the poverty cycle?
    • Goal for 2030: No poverty in Bangladesh
    • Message to Guatemalans
  • 01:16:23    |    
    Question and answer period
    • Do you feel that the current interest rate in Guatemala for small business is fair?
    • How can Grameen Bank work properly when leading with people who are not creditworthy?
    • Have you made loans to young women? What are your experiences with them?
    • How to change a society's traditional stereotypes and prejudices?
    • How the collection process and loan reclamation works? What limitations have you found in microcredit lending?
    • What did you do with the money you earned with the Nobel Prize? Would a successful Grameen Bank borrower eventually change to traditional banking?
    • What are the most popular businesses that people start with microcredits?
    • Comment about the success of microcredit system
    • How do you manage to have a 100 percent repayment rate and absence of subsidies in microcredit? Do you have different charging rates for different loann products?
  • 01:44:27    |    
    Final words by Eduardo Mayora
    • Mission of Whole Planet Foundation
    • Recognition to Muhammad Yunus
  • 01:48:42    |    
    Final credits

How could the world change through microcredit

10 de diciembre de 2007 | Vistas: 2532 |

About this video

Muhammad Yunus and Grameen Bank have developed the revolutionary concept of microcredit, which consists in small loans over a long period of time to poor people without collateral. Grameen Bank started in Bangladesh and has become a self-sustainable bank that has driven millions of people out of poverty, empowered women and beggars, and promoted social development. The basis of this system is trust and does not require government intervention and complex regulations. In Guatemala, Grameen Bank is present in the Lake Atitlán region and has a strategic alliance with Banrural to expand microcredit idea nationally.


How could the world change through microcredit
Muhammad Yunus

Juan Bautista Gutiérrez Auditorium
Universidad Francisco Marroquín
Guatemala, December 10th, 2007

A New Media - UFM production. December 2007.
Camera: Mynor de León, Joni Vasquez; digital editing: Claudia de Obregón; index and synopsis: Christiaan Ketelaar; content revision: Daphne Ortiz and Jennifer Mills; publication: Mario Pivaral/Carlos Petz

Our thanks to The Green Children Foundation, specially Tom Bevan, for allowing us to broadcast the video clip: Hear me now.


Muhammad Yunus is a Bangladeshi banker and economist who is famous…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín