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Profit: for and against

Matthew’s probing of Muhammad Yunus’s position on the role of profit in scaling up micro-finance at the World Business Forum seems to have irritated Felix Salmon, who blogs for Portfolio magazine in a post Philanthropy vs Profit. Felix puts forward two arguments: that for-profit microfinance has failed to help the poor, citing the example of […]

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Profiting the Poor or Profiting from the Poor?

[Matthew interviewed Nobel prizewinner Muhammad Yunus at the World Business Forum, held in New York’s spectacular Radio City Music Hall.] Yunus has done incredible things for the poor since he started the micro-finance movement with his Grameen Bank in Bangladesh back in the 1970s. But the philanthrocapitalism revolution has created a schism in the microfinance […]