http://www.nextbillion.net/newsroom/2006/09/06/founder-of-bop-bank-wins-peace-prize Comments for "Founder of BOP Bank Wins Peace Prize" en http://www.nextbillion.net/newsroom/2006/09/06/founder-of-bop-bank-wins-peace-prize <div class="flexinode-body flexinode-4"><span class="flexinode-timestamp-13"> September 6, 2006 - 14:00, </span> <span class="flexinode-textfield-14"> Yahoo! Asia News</span> <div class="flexinode-textfield-15"> Bangladeshi who founded bank for poor wins peace prize</div><br> <div class="form-item"> <label>Story Link:</label> <a href="http://asia.news.yahoo.com/060906/afp/060906061633asiapacificnews.html">http://asia.news.yahoo.com/060906/afp/060906061633asiapacificnews.html</a> </div> <div class="flexinode--41"> <strong>Teaser: </strong><br /> Yunus, dubbed &quot;Banker to the Poor,&quot; began fighting poverty during a 1974 famine in Bangladesh. He set up a small bank, Grameen Bank, to give them access to credit.<br /><br />Yunus is the developer and founder of the concept of &quot;microcredit&quot; for entrepreneurs too poor to qualify for traditional bank loans.<br class="clear" /></div> <div class="flexinode-textarea-6"> <p>The Bangladeshi who established a bank for the poor has been named winner of the eighth Seoul Peace Prize.<br /><br />The biennial prize of 200,000 dollars, awarded to Muhammad Yunus, honours peace efforts by politicians, academics, activists and international organizations.<br /><br />&quot;His tireless endeavor to root out poverty and create a new model of giving credit to the poor will bear fruit in terms of greater peace in the world,&quot; the Seoul Prize Cultural Foundation said.</p><br class="clear" /></div> </div> http://www.nextbillion.net/newsroom/2006/09/06/founder-of-bop-bank-wins-peace-prize#comment Microfinance Successful Models South Asia Wed, 06 Sep 2006 14:21:53 -0400 Derek Newberry 3291 at http://www.nextbillion.net