MAN OF THE YEAR

Muhammad Yunus:
He doesn't have the profile of Bob Geldof or Bono, but this year's winner of the Nobel Peace Prize, has an interesting idea & its working.

He is the man of the hour. Honored for his groundbreaking micro-economic strategy. Which he has implemented in his home country of Bangladesh.

Yunus has started a revoutionary new kind of banking that has loaned millions of dollars to the worlds poorest people with no collateral. (Noteworthy: 97% of his banks customers are women) He is confident that he will reduce the poverty rate in Bangladesh by 50% by 2012. He says his strategy is simple & can be implemented anywhere to do away with poverty. He started by simply lending $27 to 42 people, split amongst them, (about .65cents each).

Imagine, from $27 to reducing the poverty of one of the worlds poorest countries by 50%.

Why aren't more NGOs & governments looking into this? Seems to me, & the Nobel Committee, he might just be on to something.