{"id":616,"date":"2006-10-13T18:46:30","date_gmt":"2006-10-13T18:46:30","guid":{"rendered":"https:\/\/unituslabs.org\/?p=616"},"modified":"2011-05-13T00:21:54","modified_gmt":"2011-05-13T00:21:54","slug":"congratulating-muhammed-yunus-on-winning-2006-nobel-peace-prize","status":"publish","type":"post","link":"https:\/\/unituslabs.org\/updates\/congratulating-muhammed-yunus-on-winning-2006-nobel-peace-prize\/","title":{"rendered":"Congratulating Muhammed Yunus on Winning 2006 Nobel Peace Prize"},"content":{"rendered":"<h2>Unitus Congratulates Muhammad Yunus and Grameen Bank on Winning the 2006 Nobel Peace Prize<\/h2>\n<div id=\"parent-fieldname-text\">\n<p><em>Award Highlights the Growing Impact of Microfinance on Reducing Poverty<\/em><\/p>\n<p><strong>Redmond, WA\u2014October 13, 2006<\/strong>\u2014Unitus, Inc., a microfinance organization creating innovative solutions to global poverty, congratulates Professor Muhammad Yunus and Grameen Bank on winning the 2006 Nobel Peace Prize. The award honors Professor Yunus\u2019s pioneering work in bringing financial services to the world\u2019s poor and is tremendous affirmation of the entire microfinance industry.<\/p>\n<p>Said Unitus President and CEO Geoff Davis: \u201cThis is a great day for Professor Yunus, Grameen Bank, the microfinance industry and every poor person in the world.\u00a0 Professor Yunus greatly influenced us when we started Unitus.\u00a0 His deep commitment to the poor, his compassion and his business-minded approach to microfinance continue to inspire and motivate us. I speak for everyone at Unitus when I offer my sincere congratulations on this well-deserved and hard-earned honor.\u201d<\/p>\n<p>Unitus was founded after a group of friends from the United States met with Muhammad Yunus in Bangladesh in January 2001. The trip changed their lives and left them convinced that microcredit was the key to large-scale poverty alleviation.\u00a0 With advice from Professor Yunus they created the Unitus Acceleration Model through which Unitus partners with high-potential microfinance institutions and helps them reach dramatically more poor clients.\u00a0 Professor Yunus has called the work of Unitus as a microfinance accelerator \u201cboth complementary and consistent with the work of Grameen. We applaud their strategy.\u201d<\/p>\n<p><strong>About Unitus:<\/strong><br \/>Unitus, Inc. is a nonprofit organization creating innovative solutions to global poverty using a venture capital model. Unitus dramatically accelerates the growth of microfinance institutions (MFIs) and demonstrates that many MFIs can be run as profitable, large-scale, poverty-focused businesses with links to formal capital markets. As of September 2006, Unitus had 10 MFI partners worldwide serving more than 930,000 poor clients. By 2015 Unitus MFI partners plan to reach 10 million clients in India alone. Based in Redmond, WA, USA and with offices in Bangalore, India, Unitus relies on innovative financial instruments and the resources of like-minded individuals and foundations to fulfill its mission. Unitus received the 2006 Fast Company Social Capitalist Award for taking an innovative, business-minded approach to alleviating global poverty. For more information about Unitus, please visit:\u00a0<a href=\"http:\/\/unitus.com\/\">www.unitus.com<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Unitus Congratulates Muhammad Yunus and Grameen Bank on Winning the 2006 Nobel Peace Prize Award Highlights the Growing Impact of Microfinance on Reducing Poverty Redmond, WA\u2014October 13, 2006\u2014Unitus, Inc., a microfinance organization creating innovative solutions to global poverty, congratulates Professor Muhammad Yunus and Grameen Bank on winning the 2006 Nobel Peace Prize. The award honors&#8230; <a href=\"https:\/\/unituslabs.org\/updates\/congratulating-muhammed-yunus-on-winning-2006-nobel-peace-prize\/\">Read more &gt;<\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_aioseop_title":"","_aioseop_description":"Unitus Congratulates Muhammad Yunus and Grameen Bank on Winning the 2006 Nobel Peace Prize","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts\/616"}],"collection":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/comments?post=616"}],"version-history":[{"count":0,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts\/616\/revisions"}],"wp:attachment":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/media?parent=616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/categories?post=616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/tags?post=616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}