Muhammad Yunu Wins Nobel Peace Prize

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Muhammad Yunu Wins Nobel Peace Prize

Oct 19 2006

Nobel Peace Prize winner Muhammad Yunus (who shares the honor with Grameen Bank, which he founded and heads) won the Nobel Peace Prize.  His book Banker to the Poor: Micro-Lending and the Battle Against World Poverty was published in the USA in 1999.  We anticipate having an excerpt from it shortly.  $15, 1586481983).  The Nobel Committee stated: "Muhammad Yunus has shown himself to be a leader who has managed to translate visions into practical action for the benefit of millions of people, not only in Bangladesh, but also in many other countries. Loans to poor people without any financial security had appeared to be an impossible idea. From modest beginnings three decades ago, Yunus has, first and foremost through Grameen Bank, developed micro-credit into an ever more important instrument in the struggle against poverty. Grameen Bank has been a source of ideas and models for the many institutions in the field of micro-credit that have sprung up around the world."

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