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The Nobel Peace Prize for 2006 Has Been Awarded to Muhammad Yunus and Grameen Bank for Their Work to Empower The Poorest of the Poor

Yunus_1Muhammad Yunus  and Grameen Bank have been awarded the Nobel Peace Prize for 2006 for their efforts to create economic and social development from below and empower people with the tools necessary to bring about their own development.  This effort has been achieved through the development of micro-credit, allowing Yunus and the bank to provide loans to the poorest of the poor.   

Micro-credit has proved to be an important liberating force in societies where women in particular have to struggle against repressive social and economic conditions.  Economic growth and political democracy can not be fully achieved unless all members have the potential and the right to live a decent life. 

GrameenTheir long-term vision is to eliminate poverty in the world and while this vision can not be realised by means of micro-credit alone, Muhammad Yunus and Grameen Bank have shown that, in the continuing efforts to achieve it, micro-credit must play a crucial role.

Photo By: (P. Rahman/Scanpix)

Written by John-Paul Maxfield

John-Paul Maxfield is the founder of Waste Farmers. Waste Farmers is a next generation sustainable agricultural company focused on helping humanity meet current and future food demands, while decreasing agriculture’s environmental footprint. The Company started in 2009 with $9,000 and a belief that idealism and capitalism can coexist. Today Waste Farmers has evolved into an innovator respected by leaders in the global community for developing simple solutions to the complex problems of modern agriculture and food security. Prior to starting Waste Farmers, John-Paul founded the "The Inspired Economist", a blog focused on covering the people, places, ideas, and technologies inspiring positive change and redefining capitalism.
In addition, John-Paul served as an Associate a private equity group specializing in small to mid cap service companies. In this capacity he focused on planning, forecasting, budgeting, and performance evaluation of MBH and its designated subsidiaries. Prior to joining MBH, John-Paul was an Analyst with Alvarez and Marsal where he spent the majority of his time on a team that aided Louisiana’s Recovery School District with the restoration of public schools post Hurricanes Katrina and Rita.

John-Paul is active in the Colorado community, serving on the Board of the Rocky Mountain MS Center. In 2007 he was selected as one of the “Fifty for the Future” by the Colorado Statesman and is a graduate of the inaugural class of Impact Denver. John-Paul holds a BA from the University of Colorado.

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