Here’s a little something uplifting for the weekend. Not all bankers, it would seem, are money grubbers. The Grameen Bank has also been doing lots of good stuff in Indonesia, empowering micro businesses and giving thousands a livelihood, all because of an idea that poor people can be trusted with money.
OSLO (Reuters) – Bangladeshi economist Muhammad Yunus and the Grameen Bank he founded won the 2006 Nobel Peace Prize on Friday for grassroots efforts to lift millions out of poverty that earned him the nickname “banker to the poor.”
Yunus, 66, set up a new kind of bank in 1976 to lend to the very poorest in his native Bangladesh, particularly women, enabling them to start up small businesses without collateral.
In doing so, he pioneered microcredit, a system copied in more than 100 nations from the United States to Uganda. Read more
Unspun 
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