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Muhammad Yunus, known as 'Banker to the Poor', spoke to an audience of around 1000 people at The Wesley Conference Centre in Sydney last night. The 2006 Nobel Peace Prize Laureate discussed the topic of 'Abolishing Poverty - The Human rights Priority'.
Professor Yunus established the Grameen Bank in Bangladesh, fuelled by the belief that credit is a fundamental human right. Grameen Bank has lifted millions of people out of poverty by disbursing $6.6bn in millions of tiny loans to the poor. This concept of micro credit is now a mainstream approach in dealing with poverty.
In an interview on ABC Radio's PM program, Muhammad Yunus and CSI's Cheryl Kernot talk about the concept of micro-credit as a new way to look at solving long standing problems.
Listen to radio interview with Bronwyn Herbert (Mon 8th March).