Nobel Peace Prize

The Nobel Peace Prize was presented today to Mohammad Yunus and The Grameen Bank. The Grameen Bank is fantastic as it is a bank in Bangladesh that gives out microcredit loans of tiny amounts to people who wish to start up businesses but don't have any financial support to pay it back. One of the most successful schemes is they loan the money to buy a mobile phone for a woman in a village. She then lets all the villagers use the phone for a small fee, thus paying back her loan and enabling the villagers to contact other villages. The scheme is an amazing idea and today they got the the recognition that they deserved. Read about it here and read or watch Mr Yunus's lecture here. He talks about how the world needs to start focusing on peace and poverty again instead of fighting wars. Its very inspiring and a good lecture to make you think.