The Grameen Bank was established in 1976 as a microfinance system to provide economic development opportunities to villagers in Bangladesh - particularly women. Now Grameen has a foundation with a worldwide network that offers loans and microcredit to help people lift themselves out of poverty. Founder Muhammad Yunus and Grammen have been awarded today with the 2006 Nobel Peace Prize.
Sep 8, 08
And don't forget GrameenPhone, their mobile phone spinoff. Last autumn they switched up EDGE on the system, giving their subscribers 200Kbits/s data service.
Posted by: Alex on October 13, 2006 8:39 AM
In 1992, then-candidate Bill Clinton said in a magazine interview that Muhammad Yunis should win the Nobel Peace Prize. That made me think better of Clinton, and I'm glad his wish was granted.
Posted by: David Foley on October 13, 2006 9:40 AM
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