Denver Nonprofit Applies Nobel-Winning Methods to Local Loans

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11min 07sec

Denver's Micro Business Development was founded with the help of, and modeled after, the work of Muhammad Yunus, an economist from Bangladesh who won the Nobel Peace Prize in October. His Nobel-winning idea was to use small loans, known as micro-credit, to help businesses that traditional lenders wouldn’t touch. Many of Micro Business Development’s clients are women and minorities in Colorado, and many succeed. Dan Meyers talks to Executive Director Kersten Hostetter.