Friday, October 13, 2006

Muhammad Yunus Wins Nobel Prize!

It was only a matter of time, but Muhammad Yunus has been named the newest Nobel Peace Prize Winner for his development of microcredit loans that help poor people (mostly women) to start small businesses. He also founded Grameen Bank and the Grameen Phone program, which put mobile phones in the hands of many rural women and changed the rural dynamic of Bangladesh.

Yay for Yunus! and Yay for Bangladesh!!!

1 comment:

Anonymous said...

Wow! I read about this in Ode. I am deeply changed. There need be no excuses. There is always a way, especially with a vision. I can't wait to read more about this man!