Small is beautiful, and mighty

Peter Gregory; 8/3/10

From little things big things grow. Rarely has this iconic refrain been more apt than in describing microfinance and its rise to prominence. When Muhammad Yunus lent $US27 ($A30) to 42 poor women in the Bangladeshi village of Jobra in 1976, it is questionable whether he envisaged the global development phenomenon that microfinance would become. Professor Yunus is visiting Australia this week for a presentation to the Australian business community called “The Power of the Small”.