Grameen Bank faces fraud probe

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Grameen Bank faces fraud probe

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Al Jazeera English

45 Views • Jul 24, 2012

Description

Microcredit is a system meant to raise millions out of poverty through small loans.

It's the lifeblood of many poor villages around the world.

But in Bangladesh, Muhammad Yunus, the pioneer of microfinancing who was awarded the Nobel Peace Prize, is facing fraud allegations.

Al Jazeera's Nicholas Haque reports from Dhaka.