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August 15, 2012
Taiwan: President applauds Yunus microcredit scheme
UNPO: Taiwan: President applauds Yunus microcredit scheme
Taiwan supports business loans and credit guarantees for small- and medium-sized enterprises to narrow the gap between rich and poor, letting everyone benefit from economic development.
Below is an article published by CNA:
President Ma Ying-jeou lauded Nobel Peace Prize winner Muhammad Yunus on Wednesday for his revolutionary microcredit scheme that gives loans to poor people to start their businesses.
Over the past 60 years, Taiwan has provided similar assistance, such as business loans and credit guarantees, to small- and medium-sized enterprises, which account for 98 percent of businesses in the country, Ma told the Bangladeshi economist at the Presidential Office.
Narrowing the gap between rich and poor is the administration's main goal, Ma said, adding that he hoped the benefits of economic development could be shared by everyone, not just big companies.
During the meeting, Ma also said Yunus' model outperformed the Communist model of Karl Marx, which the president said created rather than solved some problems for poor people.
Yunus, 72, and Grameen Bank were awarded the Nobel Peace Prize in 2006 for their efforts to create economic and social development at the grassroots level in Bangladesh.
By establishing the bank in 1983, Yunus sought to realize his vision of self-support for the poor by offering small loans to people who would otherwise not have access to credit through conventional means.
In 2006, more than 7 million borrowers -- 95 percent of whom were single women or from women's cooperatives -- had been granted small long-term loans, considered vital in lifting them out of poverty.
Yunus is on a five-day Asian tour, and Taiwan is his last stop following visits to Hong Kong and Beijing.
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Wednesday, August 15, 2012
Business Chinese university sets up social business centre
Chinese university sets up social business centre
Nobel Laureate Muhammad Yunus; Sun Yat-sen University President Xi Sheng; Director of Time Weekly Institute at SYSBS Gao Zhan; Shao Zhibao of Postal Savings Bank of China; Grandview Group Vice Chairman Xie Meng; and Chairman of Southern Press Wang Guike launch Yunus Centre for Microcredit and Social Business at Sun Yat-sen University in Guang Zhou in China yesterday. Photo: Yunus Centre Star Business ReportSun Yat-sen University in Guangzhou, a 112-year old Chinese educational institute, has set up a Yunus Centre for Microcredit and Social Business to promote poverty focused social businesses.
The new centre at the university will be managed through a partnership between Sun Yat-sen University and Nobel Laureate Professor Muhammad Yunus, who pioneers both microcredit and social business ideas.
It was announced at the inauguration of the International Forum of Microcredit and Social Business organised by the business school of the university and The Time Weekly media group attended by nearly 2,000 faculty and staff members.
The centre will set up sustainable microfinance programmes for the poor in China, and introduce social business in the communities in Guang Dong province initially, later to be expanded in other provinces, Yunus Centre in Dhaka said in a statement.
Academic courses will be offered through the business school of the university. A team from Yunus Centre and Grameen Trust is working with the faculty and management of the university along with The Time Weekly media group to set up these programmes based on experiences in Bangladesh and elsewhere.
Professor Yunus was chief guest at the forum.
Since 1994, Grameen Trust has been implementing 17 microfinance projects in 10 provinces of China including Hebei, Henan, Yunnan, Inner Mongolia and Sichuan.
During his tour of China, the founder of Grameen Bank addressed business forums in Hong Kong, Beijing and Taipei attended by government representatives, business leaders and students. Each event attracted around 3,000 participants.
Taiwan: President applauds Yunus microcredit scheme
UNPO: Taiwan: President applauds Yunus microcredit scheme
Taiwan supports business loans and credit guarantees for small- and medium-sized enterprises to narrow the gap between rich and poor, letting everyone benefit from economic development.
Below is an article published by CNA:
President Ma Ying-jeou lauded Nobel Peace Prize winner Muhammad Yunus on Wednesday for his revolutionary microcredit scheme that gives loans to poor people to start their businesses.
Over the past 60 years, Taiwan has provided similar assistance, such as business loans and credit guarantees, to small- and medium-sized enterprises, which account for 98 percent of businesses in the country, Ma told the Bangladeshi economist at the Presidential Office.
Narrowing the gap between rich and poor is the administration's main goal, Ma said, adding that he hoped the benefits of economic development could be shared by everyone, not just big companies.
During the meeting, Ma also said Yunus' model outperformed the Communist model of Karl Marx, which the president said created rather than solved some problems for poor people.
Yunus, 72, and Grameen Bank were awarded the Nobel Peace Prize in 2006 for their efforts to create economic and social development at the grassroots level in Bangladesh.
By establishing the bank in 1983, Yunus sought to realize his vision of self-support for the poor by offering small loans to people who would otherwise not have access to credit through conventional means.
In 2006, more than 7 million borrowers -- 95 percent of whom were single women or from women's cooperatives -- had been granted small long-term loans, considered vital in lifting them out of poverty.
Yunus is on a five-day Asian tour, and Taiwan is his last stop following visits to Hong Kong and Beijing.
===================================================================
Wednesday, August 15, 2012
Business Chinese university sets up social business centre
Chinese university sets up social business centre
Nobel Laureate Muhammad Yunus; Sun Yat-sen University President Xi Sheng; Director of Time Weekly Institute at SYSBS Gao Zhan; Shao Zhibao of Postal Savings Bank of China; Grandview Group Vice Chairman Xie Meng; and Chairman of Southern Press Wang Guike launch Yunus Centre for Microcredit and Social Business at Sun Yat-sen University in Guang Zhou in China yesterday. Photo: Yunus Centre Star Business ReportSun Yat-sen University in Guangzhou, a 112-year old Chinese educational institute, has set up a Yunus Centre for Microcredit and Social Business to promote poverty focused social businesses.
The new centre at the university will be managed through a partnership between Sun Yat-sen University and Nobel Laureate Professor Muhammad Yunus, who pioneers both microcredit and social business ideas.
It was announced at the inauguration of the International Forum of Microcredit and Social Business organised by the business school of the university and The Time Weekly media group attended by nearly 2,000 faculty and staff members.
The centre will set up sustainable microfinance programmes for the poor in China, and introduce social business in the communities in Guang Dong province initially, later to be expanded in other provinces, Yunus Centre in Dhaka said in a statement.
Academic courses will be offered through the business school of the university. A team from Yunus Centre and Grameen Trust is working with the faculty and management of the university along with The Time Weekly media group to set up these programmes based on experiences in Bangladesh and elsewhere.
Professor Yunus was chief guest at the forum.
Since 1994, Grameen Trust has been implementing 17 microfinance projects in 10 provinces of China including Hebei, Henan, Yunnan, Inner Mongolia and Sichuan.
During his tour of China, the founder of Grameen Bank addressed business forums in Hong Kong, Beijing and Taipei attended by government representatives, business leaders and students. Each event attracted around 3,000 participants.
