Microcredit Wins

Posted by sepoy on October 13, 2006 · 1 min read

The Nobel committee continues its rampage of making-news: Muhammad Yunus and Grameen Bank of Bangladesh were awarded the Peace prize. A true pioneer - his bank gives loans without collateral, relying on a system of trust and honor - he has done more to fight poverty than all those Bono jeans at Gap. As of May, 2006, the bank has 6.61 million borrowers, 97 percent of whom are women. With 2226 branches, the bank provides services in 71,371 villages around Bangladesh. A truly deserving recognition.


Octopus Grigori | October 13, 2006

Hooray for Dr. Yunus, the pride of Chittagong!

The Sai Chronicles Blog Archive Crazy Idea #4587 | October 17, 2006

[...] Rush to Marry Ends in Tragedy [Sohaib T.] Muhammad Yunus and Grameen Bank of Bangladesh were awarded the Peace prize for their microcredit program: Commendable Gunman Attack TV Station in Baghdad: Insanity rules as always. Marlena Agency Devi: Indian graphic novel which looks intriguing. A Mighty Heart: New film coming soon regarding the murder of Daniel Pearl. No Comments so far Leave a comment RSS feed for comments on this post. TrackBack URI Leave a comment Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed:


monitor | October 20, 2006

No doubt poverty reduction is way to peace. Pakistan and India must think about this while they are spending so much money on toys for their big kids to fight with each other.