#tbt: A look back at the 2006 Global Microcredit Summit

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In an interview, Microcredit Summit Campaign co-founder, Sam Daley-Harris describes what turned him into an advocate for microcredit. In the late 1970s, Sam attended a presentation on world hunger, and he realized that “there was no scarcity of solutions. There was no mystery to growing food or [providing] clean water [and] basic health. What I was hopeless about was not the lack of solutions. I was hopeless about human nature.” He realized, however, that he had control over his own actions, so he started a citizen lobby group called RESULTS (our parent organization), to create the political will to end hunger.

In 1985, International Fund for Agricultural Development (IFAD), which was then a new United Nations fund, was under attack from the U.S. Government (in a dispute with OPEC), and Sam marshaled his citizen lobbyists in support of IFAD. RESULTS volunteers told their Congressional representatives of the important investments IFAD was doing, including one small women’s bank in Bangladesh called Grameen Bank.

Also in the playlist are a speech from Prof Yunus talking about why injustice — including economic injustice — creates tension (start at min 1:07 and continue to this video). The final video in the playlist is an address to the Halifax delegates by former President Bill Clinton about the power of microfinance to help the extreme poor and to celebrate the Muhammad Yunus and Grameen Bank’s being awarded the Nobel Peace Prize in 2006. (Start at min 1:15.)