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Day: October 14, 2006

Update: Muhammad Yunus Wins the Nobel Peace Prize

Update: Muhammad Yunus Wins the Nobel Peace Prize

Last September, I wrote about Muhammad Yunus and the program he developed to aid the poor. He came up with the idea to give people living poverty small loans which would help jump start their lives. The Nobel Committee has rewarded Muhammad Yunus by awarding him the Nobel Peace Prize. Yunus’ Grameen Bank has given small loans called microcredit to millions of people. These people didn’t needed hundreds of thousands of dollars to live on. They only needed a small…

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