The Nobel Prize committee made a great decision in recognizing the man who founded the Grameen (Village) Bank. The Bank itself seems to be a huge success in Bangladesh, helping exactly those people who most need help. It has demonstrated that those poor people not only deserve help, but given the right kind of help can put it to good use!
I suspect that even more important is the model that Yunus has set, that is being followed all over the world -- the local smart guy who is innovating to reduce poverty in his country!
Read about the award in The Irish Times.
"In 2004, Mr. Yunus accepted the inaugural Development Gateway Award on behalf of the Grameen Bank for its Village Phone program, which used microcredit and information and communications technology to help female entrepreneurs start a business providing wireless payphone service in rural areas of Bangladesh."
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