AFRICAN ARTISTS FOR DEVELOPMENT SUPPORTS MUHAMMAD YUNUS

Wednesday 16 March 2011
© AAD
© AAD
© AAD
© AAD
© AAD
© AAD
© AAD
© AAD

African Artists for Development (AAD) showed its support for the 2006 Nobel Peace Prize Winner Muhammad Yunus by participating in the human solidarity chain at 1pm on March 16, 2011 at the Trocadéro in Paris.

 

In 1983, Yunus created the Grameen Bank, which specialises in micro-credit. It has 24,000 employees and provides loans to eight million underprivileged individuals worldwide, most of whom are women living in the countryside.

 

Unlike some banks, Grameen, by lending money to the less fortunate, has shown they are trustworthy. Even the most impoverished individuals can finance projects, develop businesses and set up micro-companies while paying back their debts.

 

AAD supports the idea of micro-credit in Africa, an effective lever of development on the continent. Lending money to the poorest people to help them develop an economic activity also amounts to recognising their ability to take the future into their hands and become productive members of society.

 

The United Nations considers micro-credit one of the most effective ways to improve economic prospects and fight poverty in Africa.

 

Without micro-credit, millions of working Africans would swell the ranks of people who are living on handouts and dependent on international aid.

 

Yunus’s dismissal is a symbolic attack on millions of human beings worldwide whose dignity has been restored by micro-credit.