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Nobel Laureate Urges Financial Services for Poor

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  • nathaniel x vance
    FROM VOICE OF AFRICA  (VOA.COM) Michael Onyiego | Nairobi 07 April 2010 Nobel Laureate Muhammed Yunus is calling on business, philanthropic and political
    Message 1 of 2 , Apr 7, 2010
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      FROM VOICE OF AFRICA  (VOA.COM)
      Michael Onyiego | Nairobi 07 April 2010
      Nobel Laureate Muhammed Yunus is calling on business, philanthropic and political leaders gathered in Nairobi Kenya to help eradicate poverty by providing the world's poor with access to financial services.
      Speaking to more than 1,500 delegates from 75 countries at the 14th annual Africa-Middle East Microcredit Summit in Nairobi, Nobel Laureate Muhammed Yunus called it a "landmark summit".  He said it highlights the microfinance industry's success in the face of the global financial crisis.

      Yunus said microfinance continues to flourish, providing opportunities for people in the developing world to lift themselves from poverty.

      "In this crisis, microcredit was not the one which was closing down the shops," Yunus said. "It was the big banks which were closing down their shops.  So one of the lessons of these dark days: we need to reinvent banking.  And microcredit provides the direction in which we have to go."

      Microfinance is a movement within international development to provide financial services to the poor Organizations typically provide small loans, called microcredit, for individuals to start business in their communities.  The practice is seen by many as a means of empowerment for people who have traditionally been denied access to credit and banking institutions.
      <http://www1.voanews.com/english/news/economy-and-business/Nobel-Laureate-Urges-Financial-Services-for-Poor-90103687.html>

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      Both beloved Jimmy Carter, Barack Obama and all the righteous space angels would be so proud of this angel brother including the real Jesus!
       

      The wicked ENDTIME - NOT the RIGHTEOUS! http://Zetaheaven.org:  


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    • nathaniel x vance
      Dear Group, Please pardon me for forgetting to include this important link below on who this righteous angel brother is. Please take this post to heart, as in
      Message 2 of 2 , Apr 7, 2010
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        Dear Group,
        Please pardon me for forgetting to include this important link below on who this righteous angel brother is.
        Please take this post to heart, as in the very near future, if you are truly concerned about your fellow poor humanity and the children, this beloved brother like Barack Obama , Jimmy Carter , Gandhiji and Dr. ML King and others, were and are sincerely for a righteous change for the better of all humanity instead of satiating the notorious insatiable greed of the few wicked worldwide!
        Thanks
        ________________________________________________________________________________
        Muhammad Yunus (Bangla: মুহাম্মদ ইউনুস, pronounced Muhammôd Iunus) (born 28 June 1940) is a Bangladeshi banker and economist. He previously was a professor of economics where he developed the concept of microcredit. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. Yunus is also the founder of Grameen Bank. In 2006, Yunus and the bank were jointly awarded the Nobel Peace Prize, "for their efforts to create economic and social development from below."[1] Yunus himself has received several other national and international honors. He is the author of Banker to the Poor and a founding board member of Grameen America and Grameen Foundation. In early 2007 Yunus showed interest in launching a political party in Bangladesh named Nagorik Shakti (Citizen Power), but later discarded the plan. He is one of the founding members of Global Elders. Yunus also serves on the board of directors of the United
        Nations Foundation, a public charity created in 1998 with entrepreneur and philanthropist Ted Turner’s historic $1 billion gift to support United Nations causes. The UN Foundation builds and implements public-private partnerships to address the world’s most pressing problems, and broadens support for the UN.[2]
        <http://en.wikipedia.org/wiki/Muhammad_Yunus>  



        The wicked ENDTIME - NOT the RIGHTEOUS! http://Zetaheaven.org:  


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