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Why did Muhammad Yunus get a Nobel Peace Prize?

Prize share: 1/2 Muhammad Yunus and Grameen Bank were awarded the Nobel Peace Prize for 2006 for their work to “create economic and social development from below”. Grameen Bank's objective since its establishment in 1983 has been to grant poor people small loans on easy terms - so-called micro-credit - and Yunus was the bank's founder.

Why were Muhammad Yunus and Grameen Bank awarded the Nobel Peace Prize?

Prize motivation: “for their efforts to create economic and social development from below” Prize share: 1/2 Muhammad Yunus and Grameen Bank were awarded the Nobel Peace Prize for 2006 for their work to “create economic and social development from below”.

Why was Yunus awarded the 2006 Nobel Peace Prize?

Yunus was awarded the 2006 Nobel Peace Prize, along with Grameen Bank, for their efforts to create economic and social development. In the prize announcement The Norwegian Nobel Committee mentioned:

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