Bringing the Grameen model to China?

In case you have been hiding under a rock and never heard of microcredit and a guy named Muhammad Yunus, he is the founder of Grameen Bank and started a world changing movement called microcredit. Very simple idea, but powerful impact. "Ending World Poverty" is deemed so near impossible that anyone stating it as a life-long goal is viewed as idealistic or even naive - sounding like a child or a contestant on Miss America. But this guy had the idea of giving very small amount of loans (on the order of $10USD) to help the very poor in 3rd world countries get started on something that can help them become self-sufficient. He has been very successful at this and his bank has lended out billions of dollars and been seeing unexpectedly high rate of repayment. Btw, the guy just recently won the Nobel Peace Price for his work. The link below is a post by something asking if the Grameen model can be applied to China as well.
http://www.pacificepoch.com/blog?id=P77846

Bringing the Grameen model to China?
Muhammad Yunus, citi, grameen, microcredit
Posted by: Sage Brennan on Oct 17 12:10
In case you missed it, Muhammad Yunus and his Grameen Bank were awarded the Nobel Peace Prize last Friday, in recognition of the enormous positive impact that the microcredit movement has had in Yunus' native Bangladesh and in the many other places where the concept has been duplicated.Microcredit networks make a large number of tiny ($10-range) loans to finance small-scale entrepreneurial ventures in poor areas, and then lump them together to leverage the better terms of larger commercial financing. A simple solution to a complex problem.