If you only read one thing this week…


Nobel Peace Prize for the inventor of micro-finance by ifyouonlyreadonethingthisweek
October 13, 2006, 11:25 pm
Filed under: Articles, Development theory, If you have 30 mins

Our own Sara Aviel conributes some articles dedicated to Dr. Muhammad Yunus, the Grameen Bank and the thousands of micro finance practitioners who have spread his inspired vision around the world. The Nobel Peace Prize committee recognized today what Mercy Corps has long understood—economic development and peace-building go hand in hand.

Take a look at:

Dr. Yunus demonstrates the importance of challenging traditional orthodoxies, experimenting with different approaches, and bringing his breakthrough innovation to scale in order to move millions out of poverty. Yet he hasn’t stopped with microcredit, he’s leveraged his core innovation to launch a number of related enterprises listed here. Of particular note, given Mercy Corps’ emerging exploration into climate change, is the Grameen’s new venture to provide clean energy for the poor, as recently highlighted in a high-level panel at Clinton’s Global Initiative last month. Watch the video or read the transcript of a discussion between Dr. Yunus, Vice-President Al Gore, and others on “Building a Sustainable Future” here.

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