The Nobel Peace Prize is for pioneers to combat poverty

Grameen Bank in Bangladesh and its founder, Muhammad Yunus , were awarded the 2006 Nobel Peace Prize .

The announcement was made by Ole Danbolt Mjoes, Nobel Committee president in Oslo, Norway. He said Yunus and Grameen Bank - founded in 1976 - were honored for their "contributions to the development of democracy and society." Peace cannot be achieved if a large number of people have no chance to escape poverty. Such development is very useful for human rights and democracy '.

Mr. Yunus pioneered the creation of Grameen Bank for the poor in Bangladesh, specializing in the very poor, especially women, borrowing small amounts in the form of trust and installment payments, leaving them You can start your own business.

Mr. Yunus is very welcome in Bangladesh and his work is seen as a model for other countries to fight poverty.

Mr. Muhammad Yunus and his Grameen Bank founded the 2006 Nobel Peace Prize

WALL VY