Congratulations To Professor Muhahammad Yunus and the Grameen Bank

What a wonderful achievement! It is very gratifying indeed that the Nobel Peace Prize for 2006 has been awarded to a visionary entrepreneur who started out by giving small loans to disadvantaged people.

The Grameeen Bank offers credit loans to poor people who ordinarily could not access traditional lending institutions. This enables poor entrepreneurs to access finance, so that they can establish sustainable businesses.

It shows what can be done to address poverty in the world, when a passion develops into a sense of mission, vision and a commitment to a set of values. This, combined with using sound business practices, achieves worthwhile humanitarian objectives and goes a long way toward alleviating poverty for many individuals.

The Grameen Bank now has five million people who borrow money through its Microcredit system. Visit their website here for more information.