Nice to see. So very bottom-of-the-pyramid. And so very female focused:ARTICLE: "Microloan Pioneer and His Bank Win Nobel Peace Prize," Associated Press, found at NYT
Today the bank claims to have 6.6 million borrowers, 97 percent of whom are women, and provides services in more than 70,000 villages in Bangladesh. Its model of micro-financing has inspired similar efforts around the world.Another good example of the phenomenon by which non-Westerners are giving the biggest and most fruitful hints about how shrinking the Gap developmentally will actually occur, meaning not at American prices.