Banker for the poor wins Nobel Peace Prize

A well-deserved pat on the back and an encouragement to a good cause.
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Banker for the poor wins Nobel Peace Prize
The Norwegian Nobel Committee awarded this year's Nobel Peace Prize on Friday to Muhammad Yunus and the Grameen Bank he started 30 years ago, citing their efforts to create economic and social development from the lowest grass-roots levels.
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"I can't believe that it's truly happened," Yunus told Norwegian Broadcasting (NRK) shortly after the Peace Prize was announced. "Thank you so very much."
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Yunus, who started the so-called "microcredit" system of making tiny loans to poor people in rural Bangladesh, said he already was looking forward to making the trip to Oslo on December 10 to receive the Nobel Peace Prize. He said he'd invest the SEK 10 million cash award that comes with the Peace Prize back into his financing offers for the poor.
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The Grameen Bank has noted itself that it "never imagined that one day we would be reaching hundreds of thousands, let alone six million, borrowers." It doesn't demand collateral in making small loans to "the poorest of the poor" who want to try starting up small business ventures.
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http://www.aftenposten.no/english/local/article1492637.ece