Thanks to GlobalCitizen.org for sharing Katharine's latest post, "The Impact of Microcredit on Women’s Lives in Bangladesh." Yunus's impact on women in Bangladesh is representative of a ripple effect that microcredit is having around the world.
When Muhammad Yunus began making small loans to women he transformed their lives. Many had never even touched money before their loan. With their small loans they bought seeds, chickens or a cow and started or grew small businesses. Often this access to a tiny bit of capital made it possible for women to earn enough more to provide their children -- of whom 40% are malnourished -- with three meals a day instead of two. It also gave them a bit of cash to pay for medicines if a family member got sick.