Nobel Laureate Professor Muhammad Yunus recently delivered a public lecture at the National Autonomous University of Mexico, the oldest Mexican public university.
Prof Yunus delivered the public lecture during an event at the university on June 17 while visiting Mexico at the invitation of the Mexican President Andres Manuel Lopez Obrador during June 15 to 18, said a press release.
Leading citizens of Mexico City, political and social leaders, academics and over 700 students were present at the public lecture.
In his public lecture, Yunus shared his experience in creating Grameen Bank and introducing the concept of microcredit locally and globally.
He described his experience of setting up microcredit programmes in Oaxaca, Chiapas, and Puebla States of Mexico during the nineties
The Nobel Laureate also narrated his experience of setting up of Grameen America in 15 cities of US.
He informed that Grameen America has now 120,000 female borrowers and 70 per cent of them are Mexican immigrants.
"They received over a billion dollars in loans with no collateral but maintaining over 99 per cent repayment rate," Yunus said.
Prof Yunus said in social business one should always start small.
"If at first an idea did not work he advised not to abandon it. It needed patience and creativity to find the social business solution to a social problem," he said.
The public lecture was followed by a dialogue between Professor Yunus and four successful Mexican social entrepreneurs working in water supply, reviving indigenous arts and crafts, renewable energy and housing
Yunus was welcomed at the event by the Academic Director and the Dean of Sciences of the university.
The university announced that they plan to set up a Yunus Social Business Centre very soon to pursue the path of social business to create a new world based on harmony and sharing.
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