At that time I\u2019d been reading a lot about Islamic banking, which is based on the Koran\u2019s prohibition against charging interest. The Grameen Bank\u2019s microlending doesn\u2019t follow that model \u2014 it charges interest, like a Western bank, but ensures repayment with a peer-group system that\u2019s proven far more effective than the use of collateral. So I asked the George Bailey of Bangladesh about this: Had he been criticized for charging interest in a Muslim country?<\/p>\n
Dr. Yunus said he was surprised by how rarely this was even noticed. Grameen was often criticized, he said, for lending primarily to women (more than 90 percent of its loans). This criticism, he said, was often framed in religious terms, even though the Koran in no way forbids this.<\/p><\/blockquote>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"
I asked, Muhammad Yunus, the George Bailey of Bangladesh, about this: Had he been criticized for charging interest in a Muslim country? Dr. Yunus said he was surprised by how rarely this was even noticed. Grameen was often criticized, he said, for lending primarily to women.<\/p>\n","protected":false},"author":141,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15422","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\n
6 years ago: Crediting women<\/title>\n<meta name=\"description\" content=\"I asked, Muhammad Yunus, the George Bailey of Bangladesh, about this: Had he been criticized for charging interest in a Muslim country? Dr. Yunus said he was surprised by how rarely this was even noticed. Grameen was often criticized, he said, for lending primarily to women.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.patheos.com\/blogs\/slacktivist\/2013\/05\/27\/6-years-ago-crediting-women\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 years ago: Crediting women\" \/>\n<meta property=\"og:description\" content=\"I asked, Muhammad Yunus, the George Bailey of Bangladesh, about this: Had he been criticized for charging interest in a Muslim country? 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