Microbanking Movement

Did you hear about this. Muhammad Yunus of Bangladesh and the Grameen Bank won the Nobel peace Prize. news/1/hi/world/Europe/6047020.stm The cool thing about it is that as the article states its becoming a new phenomenon for anti-poverty and environment work to be considered peace work. This is a sign of the ages. Before a peace prize would go to someone who intervened to end a war, stopping genocide, lead a peaceful anti-colonial movement in their own country, but those days are long gone and the new problems facing the world involves less colonialism and more poverty (could be caused by neo-coloniolism). These guys (by guys I mean men and women) have figured out a way to give a Spark to a stagnant situation. Creativity is great, they were pioneers in the microbanking movement that has had great effect in the world. So lets say a guy is just chillin' on the street in Bangladesh. He is able bodied (can work), can't find work, can't start his own business (because he is poor and has no assets for a bank to give him a loan against), so he will not produce, not provide for his family and not contribute to the growth of the economy of his country. So what this guy Yunus and the Grameen Bank (I think from Australia) did was provide people who can't get a loan for anyone immediate approval. A genius idea that requires a bit of idealism mixed with some courage (cause if this plan doesn't pan out, the founders would look like idiots) and you got a spark that enables potential in people to be realized (I think the greatest achievement any country can do is to allow its people a chance to achieve their full potential). So the plan worked, obviously there were many people who defaulted which is to be expected but for the most part the successes were more than the failures. GREAT JOB!!!