Intel to Work with Grameen Bank

06:26 | Jason Lopez | May 19th, 2008 7:04am |

In a surprise announcement at the 16th World Congress on Information Technology (WCIT) in Kuala Lumpur, Malaysia, Intel Chairman Craig Barrett informed a keynote audience that the world’s biggest chipmaker would work together with Grameen Bank. The financial institution was started by Professor Muhammad Yunus as a way to provide credit to the rural poor in Bangladesh without collateral. Yunus was awarded the Nobel Prize for his efforts in 2006. In this podcast Barrett, along with Yunus via pre-recorded video, unveil the joint venture.