Wow! What a departure from past winners! Given the history of this award, I was expecting Chavez:
Mr Yunus, an economist, founded the bank, which is one of the pioneers of micro-credit lending schemes for the poor, especially women, in Bangladesh.All bitterness aside, what a wonderful pick! I saw a story about this guy on TV a couple years ago and thought it was brilliant idea, very simple with a very good success rate.
Mr Yunus, 66, said he would use the 10m Swedish kronor ($1.35m, £730,000) prize money to "find more innovative ways" to help the poor launch businesses.
He said he was delighted at the news and proud of the bank's achievement.
"I'm very very happy. It's a great honour for us and for Bangladesh. It's a recognition of our work," he told the BBC Bengali service.
"As a Bangladeshi, I'm proud that we have given something to the world. Our work has now been recognised by the whole world. "
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