Simple Ideas, BIG Results
Muhammed Yunus, Nobel Peace Prize Winner
1. Muhammed Yunus, often called ‘’the world’s banker to the poor’’ received the Nobel
2. Peace Prize in 2006 for his pioneering work against poverty. Yunus said he would use
3. the $1.35 million prize money to “find more innovative ways” to help the poor.
4. Yunus founded the Grameen Bank in 1976 with just $27 from his own pocket. The
5. idea came to him while he was teaching economics at Chittagong University in
6. southern Bangladesh, which is one of the poorest nations in the world. He and his
7. students started an experimental project: They lent poor women small amounts of