The 2006 Nobel Peace Prize was awarded today to the Grameen Bank of Bangladesh and its founder, Muhammad Yunus, for pioneering microcredit — using loans of tiny amounts to transform destitute women into entrepreneurs.
The Norwegian Nobel Committee praised Dr. Yunus and Grameen for their “efforts to create economic and social development from below.”
Friday, October 13, 2006
Microloan Pioneer and His Bank Win Nobel Peace Prize
From the NY Times