Financial Times FT.com

The global food crisis

Borrowers hungry for help to survive

By Daniel Pimlott in New York

Published: May 5 2008 22:07 | Last updated: May 5 2008 22:07

Grameen, the pioneering microlending institution, has seen a sharp rise in problems for millions of poor borrowers across the developing world in repaying loans as food prices soar, according to Muhammad Yunus, its founder and Nobel Peace Prize winner.

Food prices have jumped in the past year, sparking riots in more than 30 countries and rising protectionism as governments seek to ensure food supplies.

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