Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


TEAR Fund hails Muhammad Yunus’ Nobel Peace Prize

TEAR Fund Press Release

For Immediate Release: 20/10/06

TEAR Fund hails Muhammad Yunus’ Nobel Peace Prize

Aid organisation TEAR Fund New Zealand is hailing the decision by the Nobel Committee to award Bangladeshi economist Muhammad Yunus the Peace Prize.

During the 1970s Muhammad Yunus discovered by loaning small amounts of money to the poor – amounts too minute for banks to take any interest – he could empower the poverty stricken to build small businesses. This revolution in poverty alleviation became to be known as Microenterprise, and today has benefited millions of people around the world.

TEAR Fund Development Manager Richard Barter says Microenterprise has also tackled the root cause of many violent conflicts.

“Poverty breeds discontent. Discontent is the raw material for those who use violence for political gain. Microenterprise goes to the core of eliminating poverty through the disbursement of small business loans and training to overcome community problems too big for individuals to address,” says Mr. Barter.

“This Nobel award is really about peace making. Try to convince a young man to pick up a gun when he has a thriving small business and hope for a better future for his family. You will have a challenge on your hands.”

Richard Barter explains he met Yunus in the Ivory Coast.

“He was a man who emanated a deep understanding of what makes society succeed economically,” says Mr. Barter.

“TEAR Fund’s many supporters in New Zealand, through fund revolving loans, have empowered thousands of poor families in South East Asia, Africa and South America. Their gifts are used over and over as the loans are repaid and lent again.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news