Microcredit

The Nobel Peace Prize was awarded today to Muhammed Yunus, a Bangladeshi economist who pioneered the idea of microcredit, small loans to people living in poverty in third-world countries so they could start businesses.

In the AP story circulating among numerous publications, a familiar face appears:

Worldwide, microcredit financing is estimated to have helped 92 million families last year alone, according to Jove Oliver, spokesman for the Microcredit Summit Campaign, part of the Washington-based Project Results Educational Fund.

Yay Jove! And yay Muhammed Yunus!