Muhammad Yunus In 1983, Muhammad Yunus of Chittagong, Bangladesh forever changed the way people view the investment potential of the poor when he founded Grameen Bank in Bangladesh. He felt that by teaching the poor financial principals then entrusting them with small loans at low interest-rates, what he calls “microcredit,” the investment would empower them… Continue reading 5 Great Humanitarians Of The Last Decade
Category: Business
U.S. Employers Cautious About Hiring New Workers
Owing to the mounting uncertainties in the economy, U.S. employers have become cautious in hiring new workers, and are struggling to manage with their existing staff. Expectations are that Europe’s debt crisis is likely to grip the global economy, resulting in sagging consumer confidence. Apparently, U.S. employers are knee-deep in pessimism regarding their economic futures,… Continue reading U.S. Employers Cautious About Hiring New Workers
Mobile Wallets Threaten Banking Industry
A recent study has found out that more than half of the consumers who pay for their purchases via smartphones do not prefer such services to be provided by their banks. Instead, they rely more on online payment services and providers such as PayPal Inc., Google Inc. and Apple Inc. Basically, consumer look for services… Continue reading Mobile Wallets Threaten Banking Industry