Muhammad Yunus Nobel Peace Prize 2006

Muhammad Yunus and the Grameen Bank today emerged as the winners of the prestigious Nobel peace prize for their pioneering work in lending to the poor.

Mr Yunus, 66, from Bangladesh, started the Grameen Bank over 30 years ago, to provide small loans – micro-credit – for the poor. In announcing the award, the Norwegian Nobel committee said the prize – worth 10m Swedish kronor (

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