Muhammad Yunus
Muhammad Yunus is a Bangladeshi economist and founder of the Grameen Bank, known for providing microcredit to help the poor.
Economic Expert
June 28, 1940
Cancer
84
Chittagong, India
Muhammad Yunus, a distinguished social entrepreneur and economist from Bangladesh, is best known for founding Grameen Bank and pioneering the concept of microfinance. This innovative banking system offers small loans to impoverished individuals, primarily women, without the need for collateral. Yunus’ acclaimed book, “Banker to the Poor,” details his journey in establishing Grameen Bank.
Born on June 28, 1940, in Chittagong, East Bengal (present-day Bangladesh), Yunus has devoted his life to combating poverty and fostering financial independence. His groundbreaking idea of microcredit has garnered international attention, as it enables the poor to build creditworthiness through small loans. In recognition of his work in promoting economic and social development from the grassroots level, Yunus was awarded the Nobel Peace Prize in 2006.
In addition to founding Grameen Bank, Yunus has made significant contributions to various fields, including:
1. Expanding the reach of microcredit to help impoverished individuals launch businesses.
2. Founding the Yunus Centre, which encourages social entrepreneurship and business.
3. Serving as a board member for the United Nations Foundation, where he participates in global development initiatives.
4. Championing social business models and microfinance as tools for poverty alleviation.
5. Gaining recognition as a leading authority in microfinance and social entrepreneurship.
Muhammad Yunus remains a key figure in the ongoing battle against poverty and the pursuit of financial inclusion, thanks to his inventive ideas and projects.
