Photo: #Muhammad Yunus, the 2006 Nobel Peace Prize winner and the managing director of the Grameen Bank of Bangladesh, speaks at the 2006 Global Microcredit Summit on Nov. 13 in Halifax, Canada.
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Muhammad Yunus, the 2006 Nobel Peace Prize winner and the managing director of the Grameen Bank of Bangladesh, speaks at the 2006 Global Microcredit Summit on Nov. 13 in Halifax, Canada. (David Boily/AFP/Getty Images)

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Nobel prize-winning micro-lending pioneer at the Press Club

Broadcast: Midday, 11/20/2006, 12:04 p.m.

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In 1974, economist Muhammad Yunus had a simple idea for lifting people in his native Bangladesh out of poverty -- make tiny loans to help poor people, mostly women, start small businesses. In 2006, Yunus' success was honored with a Nobel Peace Prize.

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