A VC in Vacationland

This year’s winner of the Nobel Peace prize, The Grameen Foundation, and it’s founder, Professor Muhammad Yunus, should finally give microcredit the spotlight it has long deserved.

Microcredit has helped countless women and men create a life for themselves and their children who were living below the poverty level in all countries of the world.

The recognition that a key aspect of world peace is that people need to have some level of economic security is a powerful message.  Otherwise, we are condemned to repeat the failed give away programs of the last century.

I guess we should rewrite the old saying: "give a person some food and they will eat for a day; help make a person an entrepreneur and they can feed and educate their family for a lifetime".

Let’s hope microcredit continues to grow and flourish.