In the early 1980s, Houghton and Grzywinski worked with Muhammad Yunus of the Grameen Bank in Bangladesh (Yunus and Grameen Bank received the 2006 Nobel Peace Prize).
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Houghton, along with Milton Davis, James Fletcher, and Ron Grzywinski purchased what was then South Shore Bank to fight redlining in the Chicago neighborhood.
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In 1973, Ron and three colleagues (Milton Davis, James Fletcher, and Mary Houghton) purchased the South Shore Bank (eventually renaming it ShoreBank) in Chicago's South Shore neighborhood to fight redlining.