In an interview with Forbes magazine, Muhammad Yunus, lender to the very poor and winner of the 2006 Nobel Peace Prize, questions the traditional banking business model. He thinks traditional bankers could learn from his business model. Consider: for all their fee income and credit analysis, they're the ones having the financial crisis.
Yunus, who thinks credit is a fundamental human right, has a simple formula: lend money to people who really need it at a high enough rate to ensure the bank's long-term viability.
"Banks are missing out a huge vast of the population by not providing credit to poor people. Our business is designed to give money to the extremely poor, but the traditional system is not looking for this."
To read the rest of the interview, go to Muhammad Yunus interview