Giving Loans to the Poor: New Heroes

There are a handful of worthy social entrepreneurs that are changing the world, but one that Muhammad Yunus, is making a huge difference in how poverty is viewed and handled.  He won the Nobel Peace Prize in 2006 as well as several other awards recognizing his impact on poverty reduction through his microcredit business model (Grandin, 2006).  In a country of social classes in Bangladesh’s caste system where poor people have no opportunities to improve themselves, with a religion that discourages women from borrowing money, traveling, or getting medical treatment (Offenhauer, 2005, p.62), Yunus gives people hope and opportunities to move past poverty although other banks refuse to loan to people with no money (Dugger, 2006).

The revolutionary idea behind Muhammad Yunus’s business model is that he started bank that gives loans to the poor without collateral (Dugger, 2006).  By giving loans to those in extreme poverty, Yunus’s microcredit program has been crucial in liberating women and allowing the poor to enroll their children in school, pay bills, and even start their own businesses (Dugger, 2006).  Founding the Grameen Bank in Bangladesh to disrupt the economy and create entrepreneurial growth in a poverty-stricken region, Yunus is a hero.  Now global, even with locations in the United States, over nine million borrowers, a repayment rate of 99.6%, and a demographic such that 97% of their borrowers are women, Grameen Bank is touching a lot of people around the world and heroically allowing people to survive (Costic, 2017).

Muhammad Yunus heroically stepped out from the norms of economics and finances when he started down this path.  He gave $27 microloans to 42 poor women in Jobra as an experiment and has persisted to do something that no other bank would do, despite allegations of embezzlement and tax fraud (Costic, 2017).  The prime minister in 2010 accused Muhammad Yunus of “sucking blood from the poor” (BBC News, 2011).  Regardless of the accusations, Yunus has continued to create microcredit opportunities for the poorest areas.  He even helped Hillary Clinton create a microcredit solution for some of the very poor communities in Arkansas (BBC News, 2011).  Yunus believes that the microcredit loan is servicing a need for the people and will not disappear (BBC News, 2011).  A hero on a global scale, Yunus’s microcredit loans will create opportunities for people to start businesses, allowing them to buy materials needed for their venture, even as simple as a rickshaw.

In conclusion, since Muhammad Yunus, economist from Bangladesh and social entrepreneur, has created a system that allows the poorest people to have access to money without collateral, he is a hero.  The microloan programs that he has created will continue to create opportunities for families to survive, fend off malnutrition and starvation, get educated, and start businesses.  His concept is being practiced around the world, finally serving the neglected poor.


BBC News. (2011). Profile: Muhammad Yunus, ‘world’s banker to the poor’ Retrieved from

Costic, Miriam. (2017). ‘We are all entrepreneurs’: Muhammad Yunus on changing the world, one microloan at a time. Retrieved from

Dugger, Celia. (2006). Peace Prize to Pioneer of Loans to Poor No Bank Would Touch. Retrieved from

Grandin, Karl. (2006). Muhammad Yunus Biographical. Retrieved from

Offenhauer, Priscilla. (2005). Women in Islamic Societies: A Selected Review of Social Scientific Literature. Retrieved from

Published by Art Ocain

I am a DevOps advocate, not because I am a developer (I’m not), but because of the cultural shift it represents and the agility it gains. I am also a fan of the theory of constraints and applying constraint management to all areas of business: sales, finance, planning, billing, and all areas of operations. My speaking: I have done a lot of public speaking in my various roles over the years, including presentations at SBDC (Small Business Development Center) and Central PA Chamber of Commerce events as well as events that I have organized at MePush. My writing: I write a lot. Blog articles on the MePush site, press-releases for upcoming events to media contracts, posts on LinkedIn (, presentations on Slideshare (, posts on the Microsoft Tech Community, articles on Medium (, and posts on Quora ( I am always looking for new places to write, as well. My certifications: ISACA Certified Information Security Manager (CISM), Certified Web Application Security Professional (CWASP), Certified Data Privacy Practitioner (CDPP), Cisco Certified Network Associate (CCNA), VMware Certified Professional (VCP-DCV), Microsoft Certified System Engineer (MCSE), Veeam Certified Engineer (VMCE), Microsoft 365 Security Administrator, Microsoft 365 Enterprise Administrator, Azure Administrator, Azure Security Administrator, Azure Architect, CompTIA Network+, CompTIA Security+, ITIL v4 Foundations, Certified ScrumMaster, Certified Scrum Product Owner, AWS Certified Cloud Practitioner See certification badges on Acclaim here: My experience: I have a lot of experience from developing a great company with great people and culture to spinning up an impressive DevOps practice and designing impressive solutions. I have been a project manager, a President, a COO, a CTO, and an incident response coordinator. From architecting cloud solutions down to the nitty-gritty of replacing hardware, I have done it all. When it comes to technical leadership, I am the go-to for many companies. I have grown businesses and built brands. I have been a coach and a mentor, developing the skills and careers of those in my company. I have formed and managed teams, and developed strong leaders and replaced myself within the company time and again as I evolved. See my experience on LinkedIn here:

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