Financial Times FT.com

Opportunities: Big institutions learn to think small

By Mike Scott

Published: June 3 2009 19:20 | Last updated: June 3 2009 19:20

The world has recently lost its faith in the global financial system as an engine of prosperity, but there is one area that shines through as a success.

Microfinance, pioneered by economics lecturer (and now Nobel laureate) Mohammed Yunus in the 1970s, has improved the lives of millions of people by lending them tiny sums that enable them to take the first step on the road to financial inclusion.

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