Asia | Reviled rival

Bangladesh ramps up its persecution of Muhammad Yunus

The campaign against the Nobel prizewinner is part of a wider crackdown

Nobel Peace Prize winner Muhammad Yunus speaks at a Grameen America open house at St. John's University in New York April 18, 2009. Originally begun in Bangladesh, the nonprofit microfinance organization has 600 borrowers in Queens, all women, with average loans of $2,200 with a repayment rate of 99.6 percent. REUTERS/Eric Thayer (UNITED STATES BUSINESS) - GM1E54J0LVM01

When he became the first Bangladeshi to win the Nobel peace prize in 2006, Muhammad Yunus’s compatriots celebrated in the streets. The model of small, high-interest “microloans” to the poor that Mr Yunus pioneered in the 1980s had helped millions of people around the world lift themselves out of poverty. At home and abroad, the entrepreneur was a much-loved household name.

This article appeared in the Asia section of the print edition under the headline “Reviled rival”

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