Nobel Peace winner eyes microcredit for N Korea

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Reuters Tags : Posted: Saturday , Oct 21, 2006 at 0115 hrs

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The microcredit movement is not for the faint of heart and certainly not for traditional bankers worried about collateral, risks and legalities, he said. “They will be scared to death.”

Yunus wants to use the prize as a springboard to get more people interested in microcredit, a system copied in 100 countries from the US to Uganda.

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