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Yunus Wins Nobel Prize for Microfinance in Bangladesh: How to Really Win the War on Terror

An economist from Bangladesh, Muhammad Yunus, won the Nobel Prize for economics for his pioneering work in the area of microfinance loan today.

Yunus’ Grameen Bank has successfully been loaning peasant farmers and others in Bangladesh and worldwide small loans of $200 to enable them to start small businesses or buy vital farm supplies, amont other things:

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Kudos to the Nobel Committee and Mr. Yunus. Efforts like these are not as glamorous as the high-profile invasion of Iraq or search for Bin Laden (still looking…), but they are, IMHO, the key to fighting poverty, promoting economic development, and ultimately quelling the vast social inequalities that fuel terrorism.

Yunus is credited for starting a microfinance revolution worldwide:

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But here’s the most amazing part of all of this:

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Truly amazing stuff. In a world where most of the news reported by the MSM is dark, dreary, depressing, and violent, this is refreshing news.

Odunayo Adeyemi
June 8th, 2013 at 10:29 am

Muhammad Yunus has really helped the development of microfinance worldwide. Nigeria has just taken a bold step in the process through approval of microfinance institutions to assist the poor. But the poor seem not satisfy with the charges and services to them. How can Mr. Yunus assist the country. I am an SME consultant in Nigeria and the publisher of BUSINESS OPPORTUNITIES MAGAZINE; I am very passionate at seeing Micro, Small and Medium enterprises thrive in the country.

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