“If you want to reach a new destination, make sure to build a new road. The old road won’t take you to a new place.” — Muhammad Yunus Please help our honest, ethical charity to build a new road for a new future by joining us at www.scipinc.org

1. The Man Who Made Banking
Accessible To The Poor

2. The Man Who Made Banking Accessible
To The Poor
Microcredit has been twisted beyond its original inception, idea, and agenda by the
world at large. When the Nobel Peace Prize Winner, Professor Muhammad
Yunus came up with the concept of micro-financing he didn’t expect the finance
industry to change the whole meaning.
Nowadays, microcredit has a bad rep, especially in the United States, because the loan
sharks have twisted the meaning. The 2014 documentary Spent: Looking for
Change throws light on poor people who resort to unreliable credit options and end up
being caught in an unending, vicious loop of debt, interest, and mortgage so much so
that sometimes they pay up to 5000% interest rates. It’s crazy, right?
But before it took its evil form, Microcredit was intended to help the downtrodden, the
impoverished, the forgotten sections of the society -- namely, the people who have no
documentation or history to be able to even open a bank account. It was revolutionary,
to create a system that helps people with absolutely no money to start their own
businesses and more.

3. Prof. Muhammad Yunus is a man of many ideas, and during the 2018 TiE
Conversation with Changemakers, he had a lot to share. Here are a few key
takeaways:
1. Man is not selfish, as capitalism would have us believe. He is a mix of selfishness
and selflessness.
2. Man is not born to be an employee, but an entrepreneur.
3. It’s every person’s job to be creative, take care of himself/herself and take care of
the planet. Human is not born to be dependent on anyone.
“If you want to reach a new destination, make sure
to build a new road. The old road won’t take you to
a new place.”
— Muhammad Yunus
Please help our honest, ethical charity to build a new road for a new future. Support
our work at the grassroots level in education, healthcare, and sustainable employment
sectors.