Nobel Peace Prize Winner?

Question

Okay, so for my English class i have to write an essay on Mohammed Yunus, and I wanted to write it from a different angle - what were the negative effects of his Grameen Bank or anything else he did?

I already know a lot about him, I'm just looking for negative things.

Answer 1

Yunus was born in 1940 in the village of Bathua, in Hathazari, Chittagong, Bangladesh. His father's name is Hazi Dula Mia Shoudagar, and mother's name is Sufia Khatun. His early childhood years were spent in the village. In 1947, his family moved to the city of Chittagong, where his father had a jewelry business.
Yunus is married to Afroji Yunus, a professor of physics at Jahangirnagar University. He is the father of two daughters: Dina Yunus and Monica Yunus. His brothers are also active in academia: his brother Muhammad Ibrahim is a professor of physics at Dhaka University and the founder of an organization that brings science education to adolescent girls in villages The Center for Mass Education in Science (CMES); his younger brother Muhammad Jahangir is a popular television presenter..☺

Answer 2

The NEGATIVE EFFECTS???

The negative effects of helping tens of thousands of families begin to help themselves to a better life, to feeding and educating their children, to get out of horrendous poverty? To have this idea spread to other banks in the Third World?

What negative effects? Or do you have a problem with someone giving another person a hand up, not a hand out but a hand up.

I spent about 20 years working in banking, and haven't been in that sector for almost a decade now. I heard about the work of Yunus and the Grameen bank soon after I started in banking.

Frankly, this was a peace prize that was long, long overdue. If there is anything at all negative in this story, it's the fact that the Nobel committee took so very long to recognize Yunus's achievements.

If you still think that there were any negatives at all in this work, then please read Jeffrey Sachs' "The end of poverty: economic possibilities for our time".