
I just imported a few joints from you tube from the group I belong to...check it out. Also, I got some readings from my book coming up so keep an eye out for that too! Bless!!!
-Nap
Peace, here is a link to our website. If you dig self produced media from an afro-centric perspective this is for you.![]()
My debut novel is availiable on Amazon.com. ![]()

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• One loan at a time April 11: A former hard-charging business executive gave up his career to empower the poor and eradicate poverty — a pursuit that took him to Samoa. NBC's Mark Potter reports. Nightly News |
OSLO, Norway - Bangladeshi economist Muhammad Yunus and his Grameen Bank won the Nobel Peace Prize on Friday for their pioneering use of tiny, seemingly insignificant loans — microcredit — to lift millions out of poverty.
Through Yunus’s efforts and those of the bank he founded, poor people around the world, especially women, have been able to buy cows, a few chickens or the cell phone they desperately needed to get ahead.
“Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty,” the Nobel Committee said in its citation. “Microcredit is one such means. Development from below also serves to advance democracy and human rights.”
Loans of $200 change lives
Yunus, 65, is the first Noble Prize winner from Bangladesh, a poverty-stricken nation of about 141 million people located on the Bay on Bengal.
“I am so so happy, it’s really a great news for the whole nation,” Yunus told The Associated Press shortly after the prize was announced. He was reached by telephone at his home in the Bangladeshi capital Dhaka.
Grameen Bank was the first lender to hand out microcredit, giving very small loans to poor Bangladeshis who did not qualify for loans from conventional banks. No collateral is needed and repayment is based on an honor system.
Anyone can qualify for a loan — the average is about $200 — but recipients are put in groups of five and once two members of the group have borrowed money, the other three must wait for the funds to be repaid before they get a loan.
Grameen, which means rural in the Bengali language, says the method encourages social responsibility. The results are hard to argue with — the bank says it has a 99 percent repayment rate.
Microcredit pioneer
Since Yunus gave out his first loans in 1974, microcredit schemes have spread throughout the developing world and are now considered a key approach to alleviating poverty and spurring development.
Yunus’s told The Associated Press in a 2004 interview that his “eureka moment” came while chatting to a shy woman weaving bamboo stools with calloused fingers.
Sufia Begum was a 21-year-old villager and a mother of three when the economics professor met her in 1974 and asked her how much she earned. She replied that she borrowed about 5 taka (nine cents) from a middleman for the bamboo for each stool.
All but two cents of that went back to the lender.
“I thought to myself, my God, for five takas she has become a slave,” Yunus said in the interview.
“I couldn’t understand how she could be so poor when she was making such beautiful things,” he said.
The following day, he and his students did a survey in the woman’s village, Jobra, and discovered that 43 of the villagers owed a total of about $27.
“I couldn’t take it anymore. I put the $27 out there and told them they could liberate themselves,” he said, and pay him back whenever they could. The idea was to buy their own materials and cut out the middleman.
They all paid him back, day by day, over a year, and his spur-of-the-moment generosity grew into a full-fledged business concept that came to fruition with the founding of Grameen Bank in 1983.
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Worldwide, microcredit financing is estimated to have helped some 17 million people.
“Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development,” the Nobel citation said.
Today the bank claims to have 6.6 million borrowers, 97 percent of whom are women, and provides services in more than 70,000 villages in Bangladesh. Its model of micro-financing has inspired similar efforts around the world.
The success has allowed Grameen Bank to expand its credit to include housing loans, financing for irrigation and fisheries as well as traditional savings accounts.
One of Yunus’ aides, Dipal Barua, said the award was an “honor for millions of poor women who have made this possible.”
Yunus and the bank will share in the $1.4 million prize as well as a gold medal and diploma.
The peace prize was the sixth and last Nobel prize announced this year. The others, for physics, chemistry, medicine, literature and economics, were announced in Stockholm, Sweden.
Selam (DIK-1/1) is the fossilized skull and other skeletal remains of a 3-year-old Australopithecus afarensis female whose bones were first found in Dikika, Ethiopia in 2000. She is often nicknamed Lucy's baby. The remains have been dated at 3.3 mya, approximately 120,000 years older than "Lucy" (dated to about 3.18 Ma). The fossils were discovered by Zeresenay Alemseged, and are remarkable for both their age and completeness.
On 20 September 2006, the journal Nature presented the findings of a dig in Dikika, Ethiopia in the Afar Depression, a few miles south (across the Awash River) from Hadar, the place where Lucy (Australopithecus) was found . The recovered skeleton comprises almost the entire skull and torso, and many parts of the limbs. The features of the skeleton suggest adaptation to walking upright (bipedalism) as well as tree-climbing, features that correspond well with the skeletal features of Lucy and other specimens of Australopithecus afarensis from Ethiopia and Tanzania. "Lucy's Baby" has officially been nicknamed Selam (meaning peace).
The following is the abstract of the original article describing the baby, which was authored by Zeresenay Alemseged, Fred Spoor, William H. Kimbel, René Bobe, Denis Geraads, Denné Reed and Jonathan G. Wynn, and appeared in Nature on September 20, 2006.
"Understanding changes in ontogenetic development is central to the study of human evolution. With the exception of Neanderthals, the growth patterns of fossil hominins have not been studied comprehensively because the fossil record currently lacks specimens that document both cranial and postcranial development at young ontogenetic stages. Here we describe a well-preserved 3.3-million-year-old juvenile partial skeleton of Australopithecus afarensis discovered in the Dikika research area of Ethiopia. The skull of the approximately three-year-old presumed female shows that most features diagnostic of the species are evident even at this early stage of development. The find includes many previously unknown skeletal elements from the Pliocene hominin record, including a hyoid bone that has a typical African ape morphology. The foot and other evidence from the lower limb provide clear evidence for bipedal locomotion, but the gorilla-like scapula and long and curved manual phalanges raise new questions about the importance of arboreal behaviour in the A. afarensis locomotor repertoire."
