Friday, October 13, 2006

Nobel Prize for Microcredit

Muhammad Yunus becomes a Nobel Laureate for developing a small loan system for the impoverished.

I've long wanted to dive into the details of such things, but haven't had the time. In the past I have wondered why the loans generally go to women. Are the men poor investments? Are they already at a position where they don't need such loans?

Perhaps I can study this eventually. For now, I'll have to wander around Catholic Relief Services' microfinancing page

No comments: