Dr. Yunus Receives Nobel Prize for Microfinance Work at Grameen Bank
Most Silicon Valley technocrats will recognize three of the four people in this picture. They are Larry Page and Sergey Brin, founders of Google, and John Doerr from Kliener Perkins Caufield & Byers.
But you might not recognize the recipient of this year’s Nobel Peace Prize, Dr. Muhammad Yunus. Dr. Yunus spoke about his work in microcredit and the Grameen Bank at a Google company-wide meeting in May 2004.
Microcredit is the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans. It has proven to be an effective and popular measure in the ongoing struggle against poverty. Dr. Yunus has a extended description of microcredit here and in his book. Learn more about the Grameen Foundation at their Website or RSS feed.
If you are Java developer and are interested in helping the Grameen Bank, they are coordinating an open source effort called the Microfinance Open Source (MIFOS) project.
Tags: Nobel Peace Prize, Dr. Muhammad Yunus, Grameen Bank, Grameen Foundation
2 Responses to “Dr. Yunus Receives Nobel Prize for Microfinance Work at Grameen Bank”
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Copyright ©2008 PodTech.net. All rights reserved. Modified: Sun, 06 Jul 2008 20:47:10 -0700
October 16th, 2006 at 1:56 pm
What a fine choice for the Nobel. Projects like this do so much for so many.
October 19th, 2006 at 4:10 am
I don’t get all the excitement about podcasting. I mean, who’s making money with this?