Microcredit pioneer wins Nobel Peace Prize

October 13, 2006

Link: BBC NEWS | Europe | Nobel for anti-poverty pioneers.

Bangladesh’s Muhammad Yunus and the Grameen Bank have been awarded the 2006 Nobel Peace Prize.

Mr Yunus, an economist, founded the bank, which is one of the pioneers of micro-credit lending schemes for the poor in Bangladesh.

I’m a big fan of microcredit and microfinance as a way of alleviating poverty, and I’m happy that this prize will bring more attention to it. Congratulations to Mr. Yunus. Link via Instapundit.

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