Yunus wins Nobel Peace Prize

Bangladeshi microcredit pioneer Muhammad Yunus and his Grameen Bank were awarded the Nobel Peace Prize Friday for their work. A person who truely deserves it.

Being the father of microcredit (very small loans for poor people), his work has contributed to lifting millions out of poverty. Through Yunus's efforts and those of the bank he founded, poor people around the world, especially women, have been able to buy livestock, chickens, tools or other equipment they desperately needed to get ahead. They are able to break free from the poverty trap, educate their children and provide additional value to the community they live in.

I'm not gonna go into what is microcredit and so on, internet is full of information.

I was appalled to read comments on one portal regarding Yunus getting the award. Some said it was a "politically correct decision", some thought "overpopulation must be stopped instead of poverty". I am sad that there is so much ignorance. Somebody said "the last thing that the poor need is a loan!" whereas it might be the first thing they need.

"Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty," the Nobel Committee said. "Microcredit is one such means. Development from below also serves to advance democracy and human rights."

How right they are.

Overpopulation, infant mortality, health, life expectancy, education, terrorism are largely derived from poverty. In many cases top-down approach has failed and Yunus has demonstrated how microcredit can work. Since Yunus gave out his first loans in 1974, microcredit schemes have spread throughout the developing world and are now considered a key to alleviating poverty and spurring development.

Yunus is an outstanding social entrepreneur who has my utmost respect.

4 comments:

KristeldaRoma said...

Tahan ainult komplimendi teha huvitava blogi eest. Olen vaid nädala siin bloge jälginud, aga vähesed on neid , millest töesti huvitun. Buon lavoro e buona Vita!

Peep said...

Aitäh :)

AhMaD aKa FaLaSi said...

great read....ur pretty much educated, mr laja

Dr Purva Pius said...

Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

BORROWERS APPLICATION DETAILS


1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..

Regards.
Managements
Email Kindly Contact: urgentloan22@gmail.com