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Bangladesh's Chief Adviser calls for a 'Microcredit Bank' to support youth entrepreneurship with small loans.
Professor Muhammad Yunus, Chief Adviser of Bangladesh, emphasized the need for a 'Microcredit Bank' to foster entrepreneurship among young people by providing small, collateral-free loans.
Yunus, known for founding microcredit, called for a regulatory act to establish this bank as a social business, ensuring that profits benefit loan recipients rather than bank owners.
The initiative aims to support youth in starting businesses instead of seeking jobs, marking a shift towards a more trust-based banking system.
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El principal asesor de Bangladesh pide un "Banco de microcréditos" para apoyar el emprendimiento juvenil con pequeños préstamos.