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ARTICLE: "Microloan Pioneer and His Bank Win Nobel Peace Prize," Associated Press, found at NYT
Nice to see. So very bottom-of-the-pyramid. And so very female focused:
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.
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