Yunus wins peace Nobel

Bangladeshi economist Muhammad Yunus won the Nobel Peace Prize today. Yunus is the founder of Grameen Bank, the first lender of microcredits. Starting in Bangladesh in 1983, Grameen Bank “has lent $5.72 billion to more than 6 million Bangladeshis.” Khalid Quadir’s brother Iqbal, founded GrameenPhone, the largest GSM-based mobile phone company in Bangladesh, after having been inspired by the success of Grameen Bank. When Iqbal spoke at a DVF meeting in February, 2003, he inspired me to apply to the program the following year.