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Contrasting China's Yunan Model with Bangladesh's Yunus Model for Microfinance
Yuping Du; Randall O. Chang; Meng Wu; Chun LiCase IVEY-9B13N012-EEntrepreneurship, Finance, StrategyIn 2008, about the time when the Yunus Model of microfinancing was under attack in its home country of Bangladesh, the Yunan Model was begun in rural China. The original model suffered from inefficiencies, high interest rates and allegations of improprieties against the founder, Nobel Prize winner Muhammad Yunus. By contrast, the Yunan Model relied on social capital and mechanism design theory to enlist the rural population, financial institution...Starting at €8.20