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Guardian: The bank that likes to say och aye

Grameen bank project set to help Glasgow’s poorer communities.

A UK university has teamed up with Nobel prizewinner Mohammad Yunus, of microbanking fame.

Gillies, a community health specialist, understood that providing economic opportunities for women – the principle behind Yunus’s renowned Grameen bank – was key to improving health and social outcomes for the most disadvantaged in society.

Gillies is now principal of Glasgow Caledonian University, and in a few weeks’ time she plans to sit down with UK government officials, including the welfare and pensions secretary, Iain Duncan Smith, to discuss the setting-up of Britain’s first Grameen bank in Glasgow, a city where a third of the population is on some form of welfare, and some families have gone three generations without work.

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