He is internationally known for the concept of micro credit which allows poor and destitute people with little or no collateral to borrow money.
hiː ɪz ˌɪntɚnˈæʃənəli nˈoʊn fɚðə kˈɑːnsɛpt ʌv mˈaɪkɹoʊ kɹˈɛdɪt wˌɪtʃ ɐlˈaʊz pˈʊɹ ænd dˈɛstɪtˌuːt pˈiːpəl wɪð lˈɪɾəl ɔːɹ nˈoʊ kəlˈæɾɚɹəl tə bˈɑːɹoʊ mˈʌni.