Won the Nobel Peace Prize.
Here's to one of the rare examples of cutting edge thought that originated in our poverty stricken neighbour. Innovations for bottom of the pyramid will not originate with the incumbents but with smaller and indigenous entrepreneurs (posted earlier about Grameen Bank in this context here).
As Tom Peters says in his blog post:
I stumbled across Yunus & Grameen about 5 years ago. I went bananas! The story, of course, is amazing. Moreover, it dovetails with all of my Primary Biases:
Small can be beautiful & powerful!
People first!
Trust!
Women rule!!!!!!!!
Giant forests from tiny seedlings!
Self reliance!
Community based!
Self/Small group management!
Banish the bureaucrats!
Keep it simple, stupid!
Hands on!
Simplicity is genius. Yunus proves it.I had not known of Yunus's work in gr8 detail but a feature on BBC after he won the prize made me uderstand the power of his idea and his contrbution to millions of his country's poor.From that perspective itself, Nobel prize committee's 'political', 'activist' decisions about giving the prize is more than commendable.
ReplyDeleteThanks for posting this excellent news! At Grameen Foundation, we're excited to see the word spread about microfinance, as we're working to bring the Grameen Bank microfinance model to the poorest of the poor around the world. Bloggers have played a substantial role in building awareness and we're glad to have your support. I'd invite you to learn a bit about how we use microfinance and technology to help the poor worldwide. And for more details on the Grameen Bank in Bangladesh, Muhammad Yunus has published the very useful Grameen Bank at a Glance.
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