A Nobel Peace Prize to one who Eradicates Poverty through Entrepreneurship
October 17th, 2006 by 
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Loading ...There is something noble, at last in fostering entrepreneurs and encouraging business — it is still the fast way to get out of poverty, and now the Nobel Prize is acknowledging it.
On Friday, Oct. 13, Grameen Bank of Bangladesh and its founder, Dr. Muhammad Yunus, were awarded the Nobel Peace Prize for helping to establish the microcredit movement, which involves the granting of small loans to poor people with no collateral, across the developing world.
The Norwegian Nobel Committee’s statement said it awarded the prize of $1.4 million to Yunus and the bank “for their efforts to create economic and social benefit from below.” The statement continued, “Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty.” More…
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Posted in FrontPage, on Business | 
October 18th, 2006 at 8:27 pm
Thanks for posting the great news; the recognition of Muhammad Yunus’ work is a huge boost to microfinance programs around the world. At Grameen Foundation, we work to support programs that use the Grameen Bank model to reach the poor, including microfinance institutions in China and the Philippines. The outpouring of support we’ve seen since the announcement on Friday has been great.
October 19th, 2006 at 11:26 am
wilson, i only knew and heard of m. yunus and grameen bank upon them awarded by the prize.
to my great surprise, they have been doing this for more than 3 decade already in bangladesh
and being emulated in other countries including ours.
what moved me really is the content of what they are doing.
i would like to say, if there are only 3 keys or answers to the world problems / human problems,
this will be the one! and needed our full attention.
among the truths the world should realize:
- human, anyone is equally creative as anybody
- that real development should first be the development of the needy
- that the power to move a person is giving him opportunity and dignity
- that there is a business model beyond making profit, business of doing good for the people
- that millions of scholars have not realized and have not performed this simple and needed thing
- this is a work is a work done through an open mind and an open heart
- the world businesses is busy looking for profit for itself each day, getting swallowed into such value
if we’ll find time, here are past interview transcript and video talk of m. yanus on grameen bank.
it’s a good content.
1. interview transcript - http://www.gdrc.org/icm/grameen-radiotalk.html
2. video talk - http://mitworld.mit.edu/video/289/
best,
sim
October 23rd, 2006 at 8:42 am
Encouraging Entrepreneurship through MicroFinance
There seems to be really a good wave in recognizing how to eradicate poverty through granting microfinance…