Nobel Peace Prize, Poverty and Us

Helping HandsI’m surprised that I haven’t seen more pfbloggers write something about this, so I’ll go ahead and give my observations. It was fantastic to see that the Nobel Peace Prize winner (Muhammad Yunus ) this year went to someone who truly made a difference in the lives of people. He did so through giving microloans to the poorest of the poor which allowed them to use their own means to make a better life for themselves. If you aren’t familiar with the work he’s done with Grameen Bank, take a few moments to read this (you’ll be glad you did).

So what does this have to do with us? While the underlying circumstances are obviously completely different, taking the st


[Continue Reading at]

This entry was posted in Debt, Personal Finance, X Files. Bookmark the permalink.

4 Responses to Nobel Peace Prize, Poverty and Us

  1. Retireyoung says:

    I just finished reading, “Confessions of an Economic Hit Man”. I would highly recommend reading it if you get the chance.

  2. pfadvice says:

    Thanks for the tip…have added it to my reading list.

  3. mgroves says:

    I like the idea of microloans and extending credit rather than a handout to help people out of poverty. However, giving a Nobel prize may have been a bit too hasty. Read this article:

  4. Amber says:

    I stumbled across this organization this week as well, they are similar to Prosper in that you bid to be apart of a loan but different in that you don’t earn interest and you’re funding loans to people in developing countries. I thought it was really cool and am considering a small donation when I get more stable.

Leave a Reply

Your email address will not be published. Required fields are marked *