14 October 2006

Social Entrepreneurs: Yunus and Grameen Receive Nobel -- A Triumph for Microfinance

OSLO, Norway -- Bangladeshi economist Muhammad Yunus and the Grameen Bank he founded won the Nobel Peace Prize on Friday for their pioneering use of tiny, seemingly insignificant loans -- microcredit -- to lift millions out of poverty.

Through Yunus's efforts and those of the bank he founded, poor people around the world, especially women, have been able to buy cows, a few chickens or the cell phone they desperately needed to get ahead.

Read the full story: Yunus from The New Nation

More about Yunus and Grameen Foundation

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