A Nobel Prize for Microfinance!
The Nobel Peace Prize for 2006 has just been announced.
In what will surely increase the profile of Microfinance and Microcredit around the world, Muhammed Yunus and the bank he founded, Grameen Bank, have been awarded the prize for 2006.
Every social movement has it's rock star. Mr. Yunus is the "rock star" of Microcredit. It was his "experiment" in 1976 to lend $26 to some poor basket weavers in Bangladesh that swelled into a movement that has reached almost 100 million poor people with financial services.
To learn more about how the Grameen Bank operates, visit this site.
Bravo!
In what will surely increase the profile of Microfinance and Microcredit around the world, Muhammed Yunus and the bank he founded, Grameen Bank, have been awarded the prize for 2006.
Every social movement has it's rock star. Mr. Yunus is the "rock star" of Microcredit. It was his "experiment" in 1976 to lend $26 to some poor basket weavers in Bangladesh that swelled into a movement that has reached almost 100 million poor people with financial services.
To learn more about how the Grameen Bank operates, visit this site.
Bravo!
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2 Comments:
thanks for the update and wish u best of luck into ur journey to the world of microfinance.
The gathering of individuals with great minds, strong efforts, deep feelings, attainable goals and unbreakable faith will allow for unification of forces needed to bring forth changes of global conciousness. I am enjoying the principle and development of your vision as it unfolds from its foundation. Looking forward to future postings.
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