Saturday, October 14, 2006

Nobel Peace Prize Recipient's Wisdom

Muhammad Yunus on lending money to the poor, rather then providing a handout.

"Charity is not the answer to poverty,” Yunus wrote earlier this year. “It only helps poverty to continue. It creates dependency and takes away the individual’s initiative to break through the wall of poverty."

From the Chicago Tribune’s article noting Yunus’ award of the Nobel Peace Prize titled Richly deserved prize for banker to the poor

Posted by John Venlet on 10/14 at 07:58 AM
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