Yunus in Singapore16 August 2007 at 9:51 am | Posted in Grameen Bank, Microcredit, Muhammad Yunus, Nobel Peace Prize, Sydney Peace Prize | Leave a comment
At a public lecture organised by the Singapore Institute of Policy Studies, the inauguaral Sydney Peace Prize recipient Professor Muhammad Yunus, said there is no reason why microcredit cannot happen in Singapore.
Even in an economically advanced city like Singapore, microcredit can succeed. He recounted examples of Amercian cities such as Chicago, New York and Texas that adopted the microcredit system.
IPS chairman Professor Tommy Koh announced at the end of the lecture that the institute would convene a brainstorming session with those keen on starting a Grameen-type initiative in city-state.