Muhammad Yunus and the bank he founded are honored for their work to help the word’s poor. Muhammad Yunus and the Grameen Bank he founded were awarded the Nobel Peace Prize on Friday. They won the award for their efforts to help bring millions of people, especially women, out of poverty.
“Every single individual on earth has both the potential and the right to live a decent life. Across cultures and civilizations, Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development,” the Nobel Committee said in its citation.
The Peace Prize is one of the biggest honors in the world. Yunus is the first Nobel Prize winner from Bangladesh, a nation of about 141 million people. In 1983, Yunus and the Grameen Bank started a now worldwide system that lets people borrow small amounts of money to start business. Through these loans, called “micro-credit”, the world’s poor have been able to buy much needed to run an egg business, or a cell phone in places where there is on other access to a phone.
Yunus said he would use part of the $1.4 million award money to create a company that will make low-cost, high-nutrition food for the poor. The rest of his share will go toward setting up an eye hospital for the poor in Bangladesh. ”I’m so, so happy, it’s really great news for the whole nation,” Yunus said after hearing of his win.
Since the bank began, it has lent $5.72 billion to more than 6 million Bangladeshis. About 97% of the borrowers are women.
Why does Nobel Peace Prize come to Muhammad Yunus and the Grameen Bank?
A.Because they helped the rich become richer.
B.Because they helped children to finish their education.
C.Because they helped millions of people, especially women, out of poverty.
D.Because they helped millions of people, especially men, out of poverty.
What value have Yunus and Grameen Bank demonstrated to use according to the Nobel Committee’s praise?
A. Poor people have no right to live a rich life
B. Poor people can live a happier life by borrowing money from moneylenders.
C. The poorest of the poor can also have a happier life by working hard.
D. The poor people can only have a right to live a poor life.
It can be inferred that micro-credit system ____.
A. has made all the people in Bangladesh start their own business
B. has a history of about 23 years
C. only loaned money to the people of Bangladesh
D. has spread all over the world for thirty years
It can be inferred that the average amount of micro-credit might be ____.
A. 140 dollars B. 95 dollars
C. 970 dollars D. 572 dollars
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