Here's some highlights "The bank's ideological mission requires that when you borrow, you turn over your private life to the bank's staff." "Borrowers must take vows to 'keep our families small'" This is truly sickening http://mises.org/freemarket_detail.asp?control=215&sortorder=articledate
Article written in 1995. Maybe in the following decade the bank proved more useful to the world than the obviously biased writers. Funny that a Nobel would be awarded if that wasn't the case.
You need to look at the history of the awards. Gandhi, Thomas Edison, Nikola Tesla, Jonas Salk, James Joyce, etc never won a nobel prize. Yet Egaz Moniz, the inventor of the lobotomy won the prize. Yasser Arafat also won a peace prize. Even Hitler was nominated for a nobel prize. A couple of years ago a woman from Africa who believed AIDS was created by white people won the prize. This stuff is not new.
Some of the ugly facts about micro-credits have been discussed here http://www.elitetrader.com/vb/showthread.php?s=&threadid=78738