Muhammad Yunus and Grameen Bank were awarded the Nobel Peace Prize for 2006 for their work to "create economic and social development from below". Grameen Bank's objective since its establishment in 1983 has been to grant poor people small loans on easy terms - so-called micro-credit - and Yunus was the bank's ;· Dina on Dr Yunus winning the Nobel prize, why it fell in the Peace category and what it means for women in India. “His model is being followed in India as well … and the proliferation of Self-Help-Groups (SHG's), typically groups of women who are given access to microcredit was awarded the 2006 Nobel Peace Prize, along with Grameen Bank, for their efforts to create economic and social development. In the prize announcement The Norwegian Nobel Committee mentioned: Muhammad Yunus has shown himself to be a leader who has managed to translate visions into practical action for the benefit of millions of people, not only in Bangladesh, but also in many other countries. Loa…Muhammad Yunus and Grameen Bank were awarded the Nobel Peace Prize for 2006 for their work to "create economic and social development from below". Grameen Bank's objective since its establishment in 1983 has been to grant poor people small loans on easy terms - so-called micro-credit - and Yunus was the bank's ;· Nobel-Prize Winner on the Power of Microcredit Years ago, a group of prospective business owners approached Bangladeshi banker Muhammad Yunus for a small loan, and he made it to double lending in 5 years: Muhammad Yunus - The Muhammad Yunus - WikipediaMuhammad Yunus - WikipediaMuhammad Yunus - Wikipedia16/11/2006 · Attention around the world in recent weeks has been focused on microfinance and its untapped potential in developing countries like India, triggered by the 2006 Nobel Peace Prize that went last month to Muhammad Yunus and Grameen Bank, the microfinance organization he founded in Bangladesh three decades ago.

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