January 25

Muhammad Yunus Supporters Urge Impact Community to ‘Turn Anger into Positive Work’ Following Microfinance Pioneer’s Conviction

By Estelle Uba

After being convicted of violating labour laws, microfinance trailblazer Professor Muhammad Yunus has been released on bail pending appeal, as his supporters call for fellow changemakers to stay vigilant, remain hopeful and continue the ‘good work’.

Professor Muhammad Yunus, Nobel prize-winning microcredit pioneer and founder of Grameen Bank, has been granted a month’s bail pending appeal, after he was convicted of violating Bangladesh’s labour laws and sentenced to six months in jail on 1 January.

Source: Pioneer Post (link opens in a new window)

Finance, Social Enterprise
employment, financial inclusion, microfinance