MizzyBone
13-02-2007, 17:50
Dr. Muhammad Yunus is a Bangladeshibanker and economist. He is the developer of the concept of microcredit the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans. Yunus is also the founder of Grameen Bank. In 2006, Yunus and the bank were jointly awarded the Nobel Peace Prize, "for their efforts to create economic and social development from below."[1] Yunus himself has received several other international honors, including the ITU World Information Society Award, Ramon Magsaysay Award, the World Food Prize and the Sydney Peace Prize. He is the author of Banker to the Poor and a founding board member of Grameen Foundation.
Muhammad Yunus was awarded the 2006 Nobel Peace Prize, along with Grameen Bank, for "their efforts to create economic and social development from below."[10] He is the first and so far only Bangladeshi to win the prestigious award. The award also marked a shift away from the conventions by awarding it to someone who worked to promote peace indirectly through economic upliftment of the masses.
The announcement read:
“The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2006, divided into two equal parts, to Muhammad Yunus and Grameen Bank for their efforts to create economic and social development from below. Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty. Micro-credit is one such means. Development from below also serves to advance democracy and human rights.”Yunus advocated that by fixing poverty, you are also attacking a root cause of terrorism. [11]
“We must address the root causes of terrorism to end it for all time, I believe putting resources into improving the lives of poor people is a better strategy than spending it on guns.”He made this comment at the official prize-giving ceremony held in Oslo, Norway on the 10th of December,2006 .
The 65-year-old economist said he would use part of his share of the $1.4 million award to create a company to make low-cost, high-nutrition food for the poor. The rest would go toward setting up an eye hospital for the poor in Bangladesh, he said. The food company, to be known as Social Business Enterprise, will sell food for a nominal price.
Muhammad Yunus was awarded the 2006 Nobel Peace Prize, along with Grameen Bank, for "their efforts to create economic and social development from below."[10] He is the first and so far only Bangladeshi to win the prestigious award. The award also marked a shift away from the conventions by awarding it to someone who worked to promote peace indirectly through economic upliftment of the masses.
The announcement read:
“The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2006, divided into two equal parts, to Muhammad Yunus and Grameen Bank for their efforts to create economic and social development from below. Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty. Micro-credit is one such means. Development from below also serves to advance democracy and human rights.”Yunus advocated that by fixing poverty, you are also attacking a root cause of terrorism. [11]
“We must address the root causes of terrorism to end it for all time, I believe putting resources into improving the lives of poor people is a better strategy than spending it on guns.”He made this comment at the official prize-giving ceremony held in Oslo, Norway on the 10th of December,2006 .
The 65-year-old economist said he would use part of his share of the $1.4 million award to create a company to make low-cost, high-nutrition food for the poor. The rest would go toward setting up an eye hospital for the poor in Bangladesh, he said. The food company, to be known as Social Business Enterprise, will sell food for a nominal price.