Muhammad Yunus: Did He Deserves a Noble?
I’ve been admiring him for his famous micro credit theory , who try create a system in finding financial solution of poor people in Bangladesh to improve their economic condition. He implement it by establish a bank called a Grameen bank, a bank for the poor, financial institutions that give lend to poor women in family, which one of the reason is their characteristic as a women is believe to have a lower credit risk in returning the fund rather than by giving it to a man.
This has bring the noble jury to elect him among another candidate in the economic aspect. But are they giving it to the right person? Is micro credit really effective and bring up a good result in Bangladesh? Did Bangladesh practically solve the problem?
Lets take a look on the statistics, in contrary the number of poor people in Bangladesh is increase dramatically from 2005 to 2007. I’ve a friends who’s a Bangladesh citizen told me about the reality that happen to micro credit, the theory not 100% implemented, since the fact the Grameen bank was no different with Sub-prime lender, which is known as a financial institution who give a higher interest rate for a higher risk type of clients, which is true, not all the poor lender have a positive attitude to re-pay their loan by doing something economically, so its hard to say, a micro credit is just another theory in another dream.
Whether or not he deserves a noble its always be a questions, at least for me.