Muhammad Yunus, the Founder of Microcredit and the Grameen Bank that he established in Bangladesh some thirty years ago, received last year the Nobel Prize... for Peace! The small loans granted to groups of poor women were considered a financial innovation that contributed to the success of...

microfinance is based on the principles of common good, subsidiarity and solidarity, three major principles in the Church?s social doctrine. Moreover, microfinance is based on the principle of proximity, which is in line with the notion of cultural diversity, which, in turn, is in conformity...