Friday, October 13, 2006

Nobel Peace Prize

By Heraclitus

The Noble Peace Prize has been awarded to Muhammad Yunus, a Bangladeshi economist, and the Grameen Bank he founded. The bank pioneered the use of micro-credit, small loans to the very poor that enable them to become self-sufficient and even start small businesses, thereby lifting themselves out of poverty. The BBC and The New York Times have more. The Grameen Foundation's website, which accepts donations, is here.

posted by . at 3:33 PM

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5 Comments:

  • Thanks for the link, and for posting this excellent news. At Grameen Foundation, we're excited to see the word spread about microfinance, as we're working to bring the Grameen Bank microfinance model to the poorest of the poor around the world. Bloggers have played a substantial role in building awareness and we're glad to have your support.

    By Anonymous Anonymous, at 4:05 PM  

  • Ken, thanks so much for stopping by. I hope the link gives you some help, however small, in doing your very important and innovative work.

    By Blogger ., at 4:34 PM  

  • I first heard about this bank in Hope's Edge, an excellent book about innovative solutions for world problems, which all commonly share grassroots work. Yunus is well deseriving of this prize and I am glad he was chosen. You should check out this book as it will give you some hope that we have things that ennoble us.

    By Anonymous Anonymous, at 5:22 PM  

  • Yes, thank you dropping by, Ken. This occasion has given many of us an opportunity to get to know much better the incredible work that Grameen does. You certainly have our support and encouragement, and all of us here send our congratulations for winning perhaps the world's mort important and respected prize.

    By Blogger Michael J.W. Stickings, at 7:36 PM  

  • And I'll certainly check out Hope's Edge.

    By Blogger Michael J.W. Stickings, at 7:37 PM  

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