Atlanta's Phoenix Award given to "microcredit" champion Muhammad Yunus

Atlanta Mayor Kasim Reed presented a Phoenix Award, the city's highest honor, to Dr. Muhammad Yunus, a Bangladeshi banker and economist who won the 2006 Nobel Peace Prize for championing "microcredit" -- small loans given to poor and female entrepreneurs as a way to eradicate poverty.

Representatives from a range of Atlanta-based charities, health organizations, civil rights groups and universities attended the ceremony on Friday, May 11 at City Hall.