Professor Muhammad Yunus and Grameen Bank
Awarded Nobel Peace Prize in Oslo

The Norwegian Nobel Committee awarded Professor Muhammad Yunus and Grameen Bank the prestigious Nobel Peace Prize at a star-studded ceremony held at the Oslo City Hall on December 10, 2006. Professor Yunus and Mosammat Taslima Begum, who represented Grameen Bank, received Nobel Peace Prize Medal and Diploma from the Chairman of the Norwegian Nobel Committee at a ceremony attended by royalty and dignitaries from around the world. HRH Queen Sofia of Spain was a special guest of Professor Yunus at the ceremony. For the first time in history, both Royal Highnesses the King and Queen of Norway attended the Peace Prize award ceremony. In his remarkable and inspiring speech Professor Yunus declared poverty a denial of human rights and a threat to peace. He recalled the examples set by Grameen of poverty alleviation through microcredit and called on the leaders and citizens of the world to work together to put poverty in the museum. His speech in its entirety can be read at the Nobel Peace Prize website.
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Grameen Trust is committed to the cause of poverty alleviation. It uses microcredit as a tool for fighting poverty and follows Grameen Bank Approach for the purpose. It was established by Professor Muhammad Yunus in 1989. It is a non-profit and non-government organisation.

Under its Grameen Bank Replication Program (GBRP) program, Grameen Trust (GT) supports and promotes poverty focused microcredit programs all over the world. It organises Dialogue Programs for potential replicators and provides training and technical assistance to replication projects. It provides funding to selected projects and monitors their performance. Till date it has provided support to 149 replication partners in 39 countries of the world.

In special circumstances, where there is the need for immediate and rapid implementation of poverty focused microfinance programs, GT directly implements the projects under its “Build, Operate and Transfer (BOT)", " Build, Operate and Own (BOO)" and "Build, Operate and Manage (BOM)" programs.

Grameen Trust hosts the Grameen Global Network (GGN) and publishes the Grameen Dialogue Newsletter to promote the cause of microcredit movement.