Bangladeshi banking to help Scots

From BBC:

A radical form of banking pioneered in Bangladesh could be brought to Scotland to help people out of poverty.

But legal uncertainty may scupper the plans by Professor Muhammad Yunus to offer small business loans to people without collateral.

The Nobel Peace Prize-winning economist fears the benefits system could stop the Grameen Bank coming to Glasgow.

A documentary, Scotland’s Brand New Bank will be broadcast on BBC One on Tuesday 7 July at 2235 BST.

The Department of Work and Pensions has not been able to say what would happen to claimants’ welfare payments if they took out a loan. More:

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