Muhammad Yunus and Grameen Bank win the 2006 Nobel Prize
Sarah Rich, 13 Oct 06
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.
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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 13 Oct 06
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 13 Oct 06
