Muhammad Yunus, the Nobel laureate and founder of the microcredit pioneering Grameen Bank, has called for an overhaul of the global financial system to make services available to the very poor. Problems such as poverty and food security could be tackled using a non-profit business model, the Bangladeshi economist told an audience in Bangkok. “We can build a new kind of financial system – that is the challenge of the day,” he said. “This would be a good opportunity to create an inclusive financial system, where nobody would be excluded, including even street beggars and homeless people, in a system so that he or she could access the service to change their lives.” Image: philanthromedia.org. More…

Source: Financial Times