Money Quote by Muhammad Yunus
“They explained to me that the bank cannot lend money to poor people because these people are not creditworthy.”
About This Quote
Source Speech: World Bank Conference, 1999
Banks claim poor people are uncreditworthy, reflecting systemic bias that excludes them from financial services.
In simple terms: Poor are labeled uncreditworthy, limiting their access to loans.
Key Takeaway
Advocate inclusive lending practices.
Themes
finance
poverty
inequality
Mood
inspirational
critical
Type
social
economic
When to use this quote
- grant applications
- community lending
- policy reform
Key Concepts
microfinance
social entrepreneurship
Questions to Reflect On
- How can microfinance change perceptions of credit?
- What policies can reduce lending bias?
A Different Perspective
Creditworthiness can be built with support.
