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  • Hub You - A Nobel Prize for the Micro-Financing Sector: the re-Birth

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    We think that through this award the micro-financing sector will improve at an exponential speed; more donations, more funds, and more institutions will be created for the developing countries, for awards and motivation play a

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    For those who still do not understand the meaning of the Micro-Credit (MC); It is a little loan provided by micro-financing institutions (MFIs) to poor people. Thus, the use of the MC is exclusively reserved for the creation of small businesses and not for personal consumption, otherwise the whole principle is lost.

    The MFIs are non-lucrative institutions that want to contribute to the improvement of the developing countries by allowing citizens with little money to do something in their life. The Grameen Bank is the first type of MFIs that was created by Mohammad Yunus; the person that has just received the Nobel Prize on the 12th October, 2006.

    This Nobel Prize award is really an award to many voluntary people in the world. Their efforts have been finally acknowledged. There are so many organizations, institutions, and projects contributing to the micro-financing sector. It has been now more than a decade that poor people profit from the MC. People have been out of poverty thanks to their little businesses; Some of these later have even become regular profitable businesses.

    We think that through this award the micro-financing sector will improve at an exponential speed; more donations, more funds, and more institutions will be created for the developing countries, for awards and motivation play a

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    The MFIs are non-lucrative institutions that want to contribute to the improvement of the developing countries by allowing citizens with little money to do something in their life. The Grameen Bank is the first type of MFIs that was created by Mohammad Yunus; the person that has just received the Nobel Prize on the 12th October, 2006.

    This Nobel Prize award is really an award to many voluntary people in the world. Their efforts have been finally acknowledged. There are so many organizations, institutions, and projects contributing to the micro-financing sector. It has been now more than a decade that poor people profit from the MC. People have been out of poverty thanks to their little businesses; Some of these later have even become regular profitable businesses.

    We think that through this award the micro-financing sector will improve at an exponential speed; more donations, more funds, and more institutions will be created for the developing countries, for awards and motivation play a

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    type of MFIs that was created by Mohammad Yunus; the person that has just received the Nobel Prize on the 12th October, 2006.

    This Nobel Prize award is really an award to many voluntary people in the world. Their efforts have been finally acknowledged. There are so many organizations, institutions, and projects contributing to the micro-financing sector. It has been now more than a decade that poor people profit from the MC. People have been out of poverty thanks to their little businesses; Some of these later have even become regular profitable businesses.

    We think that through this award the micro-financing sector will improve at an exponential speed; more donations, more funds, and more institutions will be created for the developing countries, for awards and motivation play a

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    e so many organizations, institutions, and projects contributing to the micro-financing sector. It has been now more than a decade that poor people profit from the MC. People have been out of poverty thanks to their little businesses; Some of these later have even become regular profitable businesses.

    We think that through this award the micro-financing sector will improve at an exponential speed; more donations, more funds, and more institutions will be created for the developing countries, for awards and motivation play a

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    We think that through this award the micro-financing sector will improve at an exponential speed; more donations, more funds, and more institutions will be created for the developing countries, for awards and motivation play a key role in the performance of the human capital working in the micro-financing institutions. By being aware of the importance of the MC for the developing countries, the entire world can mobilize itself for a better life for poor people.

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