Muhammad Yunus, founder of the Grameen Bank, won the Nobel Peace prize today (New York Times – “Microloan Pioneer“). I report on Mr. Yunus in an earlier blog post (“Father of Microcredit“). If you are interested in contributing to a microcredit organization, the following organizations are two good choices.
- Grameen Bank: Microcredit pioneer focusing mostly on South and East Asia, with operations in Middle East and India
- ACCION – Microcredit NGO focusing more on Latin America, with operations in Southeastern Africa and India.
- FINCA – Provides financial services to poor rural individuals operating in Central America, Central/Eastern Africa, and Eurasia/Central Asia.