“Microcredit should be seen as an opportunity to help people get out of poverty in a business way, but not as an opportunity to make money out of poor people.”
I can't believe they gave this 'intellectual giant' a Nobel, but then again these guys also gave Al Gore and Barack Obama one of these medallions each, so its in keeping with trend.
The best motivation is the profit incentive, if the big banks make money out of these projects its more than likely they'll keep at it and lend more. If this was a charity project, i wouldn't count on it lasting too long. I can understand the counter-intuitiveness of this concept being beyond the lay folk, but apparently its out of bounds for Nobel winners too.