Changing lives...

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In 2006 the Nobel Foundation awarded the Nobel Peace Prize to
Muhammad Yunus and the Grameen Bank he founded.
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Yunus’ mission is to eradicate poverty from the planet. He firmly believes
that every human being has the potential and right to lead a decent life,
no matter what their background or personal means.
Based in Bangladesh, his Grameen Bank loans money to the sort of people
that no other bank would touch – poor farmers and

those in rural communities with no collateral whatsoever.
As of 2007 they had 7 million borrowers, 97% of whom were women.
They lend small amounts of money at very affordable rates to

help people buy the tools to farm their land, pay rents or

start their own businesses.
Despite the severe financial hardships of their borrowers, and

the absence of any collateral, Grameen Bank has a much lower

default rate than any traditional bank in the western world.
It is a system based on trust and a desire to help out our fellow woman
and man, and it works.
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“The one who makes an effort is the one
who merits help.”

Kenyan proverb

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