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Muhammad Yunus, a Bangladeshi, won the Nobel Peace Prize today. He is
an economist and founder of the Grameen Bank. Dr. Yunus dedicated his
life to alleviating poverty in Bangladesh. His bank gives
no-collateral loans to the poorest of the poor (especially women) to
start small businesses.

http://www.nytimes.com/reuters/world/in ... peace.html

allah egaze ib khair

congratultions to him

we need more people like him ..

sweet dude

mashallah....bless him

nice kid

Kudos to him and his Grameen bank

well done

May the good Lord bless him with long life.

d3vilish_ang3l_88 wrote:we need more people like him ..

True

well deserved...

Well deserved, fantastic idea.

CONGRATS! THE OVER HYPED DIDNT GET ANY Wonder what is happening to the money raised in concerts

I truly admire this micro-credits without collateral concept. It has helped marginalized women in developing countries who don't have educational skills, can't get conventional credit and can't get out of poverty in many cases because they are dependent on someone else (like their husbands). What's great about this type program is that it's so basic yet it can change a woman's life - when a woman is given the opportunity to start her own tiny business and starts making her own money without having to rely on anyone else for money, she's really taking control of her own destiny.

Mint Tulip wrote:I truly admire this micro-credits without collateral concept. It has helped marginalized women in developing countries who don't have educational skills, can't get conventional credit and can't get out of poverty in many cases because they are dependent on someone else (like their husbands). What's great about this type program is that it's so basic yet it can change a woman's life - when a woman is given the opportunity to start her own tiny business and starts making her own money without having to rely on anyone else for money, she's really taking control of her own destiny.

...what she really means is...she wishes she hadnt studied macro economics behind a closed cell with a snoring professor...and she wishes she had won the MTV moonman award...as the silver in it could sponser a trip to disneyland.... ...(ducks)...hey just kidding around(wait is that going to fall flatter than a pancake- coz jokes dont exsist in mints case )

on a serious note...this system pf parallel credit lines have exsisted for a long time and they are an outlet for women in 3rd world countries to successfully get out of a vicious circle of home-chores-husband-kids...also interesting to notice is the fact that there are certain cottage industries and enterprises in india/bangladesh/nepal...which are women owned/operated...and also double up as shelters for homeless or abused women...and most of these cottage industries have become really profitable especially if it is handicrafts and fabrics...so the next time you do buy that pashmina shawl or the emboidered handicraft at ludicrous prices...you are giving a little if not a lot back to these cottage industries...

constantine wrote:...what she really means is...she wishes she hadnt studied macro economics behind a closed cell with a snoring professor...and she wishes she had won the MTV moonman award...as the silver in it could sponser a trip to disneyland.... ...(ducks)...hey just kidding around(wait is that going to fall flatter than a pancake- coz jokes dont exsist in mints case )

on a serious note...this system pf parallel credit lines have exsisted for a long time and they are an outlet for women in 3rd world countries to successfully get out of a vicious circle of home-chores-husband-kids...also interesting to notice is the fact that there are certain cottage industries and enterprises in india/bangladesh/nepal...which are women owned/operated...and also double up as shelters for homeless or abused women...and most of these cottage industries have become really profitable especially if it is handicrafts and fabrics...so the next time you do buy that pashmina shawl or the emboidered handicraft at ludicrous prices...you are giving a little if not a lot back to these cottage industries...

Word up bro!
lijjat - http://in.rediff.com/money/2005/apr/15spec.htm
, Amul n likes..

All respects to the grameen bank and Mohd Yunus and his activities.
but, I've known similar activities in India from Postal Services bank, Mahila samyojana, and the Prime Ministers’ Rozgar Yojana (PMRY) scheme that came into existence through early 90s.

Constantine wrote:

...what she really means is...she wishes she hadnt studied macro economics behind a closed cell with a snoring professor...and she wishes she had won the MTV moonman award...as the silver in it could sponser a trip to disneyland.... ...(ducks)...hey just kidding around(wait is that going to fall flatter than a pancake- coz jokes dont exsist in mints case )

This actually made me laugh, and not just smile, but laugh... but I don't get it (I just get that it was a joke at my expense, that's about all I get lol!)

on a serious note...this system pf parallel credit lines have exsisted for a long time and they are an outlet for women in 3rd world countries to successfully get out of a vicious circle of home-chores-husband-kids...also interesting to notice is the fact that there are certain cottage industries and enterprises in india/bangladesh/nepal...which are women owned/operated...and also double up as shelters for homeless or abused women...and most of these cottage industries have become really profitable especially if it is handicrafts and fabrics...so the next time you do buy that pashmina shawl or the emboidered handicraft at ludicrous prices...you are giving a little if not a lot back to these cottage industries...

Defintely, these types of programs are benefitting women who have been abused and who need to get out of poverty for their own safety. I think that cottage industries need serious publicity - more people should know that the higher amounts that they pay for good co-op coffee or fabric is truly helping people that need it most.

good toknow most of theborrowers 97% of grameen were women! He also started begger lending system......very unique risk. Unlike overhyped geldof and those beatles who were involved in raising money in 70's for Bangladesh famine 95% of funds which even didnt reach the land!