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Bangladeshi economist Yunus, Grameen Bank win Nobel Peace Prize

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Bangladeshi economist Yunus, Grameen Bank win Nobel Peace Prize
Lad Click here to see all messages by Lad Click here to see member profile (Oct 14 2006 - 09:07)Rate | Report
uh oh, a Muslim wins. This'll get JT's islamophobes knickers in a twist.
 
Read more, Lad
pasquinade Click here to see all messages by pasquinade Click here to see member profile (Oct 14 2006 - 09:19)Rate | Report
When Yunus started Grameen, he wanted to turn traditional banking on its head. One of his first moves was to focus on women because they are most likely to think of the family's needs. This was a radical step in a traditional Muslim society, and it took Yunus six years to reach his initial goal of a 50-50 gender distribution among borrowers. Today, 96% of Grameen's borrowers are women. "If banks made large loans, he made small loans. If banks required paperwork, his loans were for the illiterate. Whatever banks did, he did the opposite," marvels Sam Daley-Harris, director of the Microcredit Summit Campaign. "He's a genius."

http://www.businessweek.com/magazine/content/05_52/b3965024.htm
 
Yunus, Grameen Bank win Nobel Peace Prize
pasquinade Click here to see all messages by pasquinade Click here to see member profile (Oct 14 2006 - 09:32)Rate | Report
Glenn Reynolds comments:

Micro-credit is far more effective at fighting poverty than big government programs. And Grameen's efforts to empower women have made them very unpopular with Islamists, which is reason enough to applaud. As reader Kjell Hagen emails:

Business owners look to the future, not to "martyrdom". And making women self-sustained economically helps improve equality between the sexes, which I think is an important lever to weaken the islamo-
fascist stronghold on poor, islamic countries. No wonder this bank was bombed earlier by islamic terrorists.
 
Micro credit
k_rajakumar Click here to see all messages by k_rajakumar Click here to see member profile (Oct 15 2006 - 06:44)Rate | Report
mercies and education for the poor,kills global and failed states poverty.Well done,noble peace prize2006 selection committee.They hit the bullseye for peace. Muhammad yunus and grameen bank need help for more expansions all over the world.

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