Dr. Muhammad Yunus, also known as the "Banker for the Poor", and his Grameen Bank won the Nobel Prize for 2006.
Dr. Yunus started his bank by giving small loans to some of the poorest women in the world. These women would never qualify for traditional bank loans. The money empowered the women, and helped them to build their own businesses. The bank also gives them access to other financial services.
As the recepients of the loans pay back their loan, the money is then distributed to others in need of a loan.
Find out more about Dr. Yunus and the Grameen Foundation at the foundation's website.
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