And a medal was placed around the neck of Muhammed Yunus, the 2006 Nobel Peace Prize recipient, who pioneered a way to lift people out of poverty through a community banking program that gives small loans to entrepreneurs with no collateral.
VOA: standard.2009.08.12
He devised the concept of rural microcredit, the practice of making small loans to individuals without collateral.
The alleged method: borrowing shares of restricted stock in several small companies to use as collateral for loans without telling the banks the shares were borrowed.
There may also be too few small businesses because small-business owners may find it difficult to access credit markets without collateral, or administrative costs of complying with the appropriate laws may make small-scale firms less competitive.