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Muhammad Yunus brings `social business` to Haiti

Last Updated: Friday, October 14, 2011 - 09:07

Port-au-Prince: Nobel peace laureate Muhammad Yunus is introducing a concept called "social business" to Haiti as it tries to rebuild after last year`s earthquake.

The economist says he wants Haiti to have businesses that solve problems.

The Bangladesh native is a celebrity of sorts in development circles. He pioneered the idea of making "micro" loans to some of the world`s poorest people as a spur to economies and anti-poverty efforts.
Yunus began a two-day visit to Haiti on Thursday. He recently joined an economic advisory board for Haiti along with former US president Bill Clinton and others.

Bureau Report

First Published: Friday, October 14, 2011 - 09:07
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