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Bureau
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 ECA
NEWS
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NEWS ARCHIVE - 2006
Fulbright Alumnus Awarded the Nobel Peace Prize
The 2006 Nobel Peace Prize was awarded to Fulbright alumnus
Muhammad Yunus from Bangladesh, who was a Fulbright graduate student
in economics at Vanderbilt University, 1965-66, and to the Grameen
Bank. As founder and managing director of the Grameen Bank, Dr.
Yunus pioneered and championed the practice of microcredit and
microfinance to create opportunities for the poorest of the poor.
As a result, millions of poor women have been empowered to obtain
small loans, start business in their villages and lift themselves
and their families out of poverty. Dr. Yunus has credited his
Fulbright in the U.S. for giving him an expanded sense of possibilities.
"Fulbright provided me the bridge to cross. I saw how things can
be done differently in a different society.... I learned lessons
which stood me in good stead when building up the Grameen Bank."
Muhammad Yunus is the 35th Fulbright alumnus to be awarded a Nobel
Prize.
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