Posts Tagged ‘nobel prize’

Nobel prize winner reunited with sister lost in WWII

June 30, 2008

SALT LAKE CITY, UT – University of Utah geneticist Mario Capecchi got a bonus after winning the Nobel Prize for medicine last fall: He learned he has a younger sister.

Capecchi, 70, and half-sister Marlene Bonelli, 69, met last month in northern Italy. It was technically a reunion, but really more of an introduction; they were too young to remember when they were separated in the early days of World War II.

Bonelli had long believed that Capecchi and their mother had died in the war, he told The Salt Lake Tribune. (more…)

Grameen Banking (microcredit) Reaches the USA

June 30, 2008

Grameen Bank, the microcredit financier that was initially set up to help the poorest in Bangladesh, has recently opened its first branch in the United States.

Nobel Prize Laureate and Grameen Bank founder, Muhammad Yunus, originally introduced microcredit financing in 1976. He made his very first loan of 27 dollars from his own pocket, to 42 craftsmen in a village in Bangladesh, saying they could pay it back when they could afford to. Usually, the poor are unable to obtain credit but when they can, they are then charged exorbitant rates of interest. Grameen charges borrowers about 15 per cent a year and requires no collateral. It does not make its recipients sign a legally enforceable contract but rather models its business on trust. (more…)