Dr. Muhammad Yunus Announces Social Business Institute at the University of DC

Nobel Peace Prize recipient and world acclaimed author, Dr. Muhammad Yunus spoke with DC college students, entrepreneurs and others Friday September 28^th at the University of DC auditorium.  Dr. Yunus announced the creation of the Social Business Institute at the University of the District of Columbia and a social business competition to be held next Spring.  He told the packed auditorium that it is the world’s responsibility to see to the financial well being of poor countries.  Dr. Yunus is a professor of economics, having developed the concepts of microcredit and microfinance.  These are loans given to entrepreneurs too poor to qualify for traditional bank loans.