Dr Muhammad Yunus

Br yunus was the third of 14 children of his parents. Muhammad yunus born june 28 1940 chittagong east bengal now bangladesh bangladeshi economist and founder of the grameen bank an institution that provides microcredit small loans to poor people possessing no collateral to help its clients establish creditworthiness and financial self sufficiency. But muhammad yunus and grameen bank have shown that in the continuing effort to achieve it microcredit must play a major part at the time of yunus nobel peace prize honor grameen bank had provided loans totaling 5 billion to date.

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Muhammad yunus is a bangladeshi social entrepreneur banker economist and civil social leader who was awarded the nobel peace prize for founding the grameen bank and pioneering the concept of microcredit and microfinance.

Dr muhammad yunus. Muhammad yunus is a bangladeshi economist and banker who established the grameen bank in his country in 1983. Muhammad yunus was born in an obscure village named bathua at hathajari in chittagong district on 28th june 1940. His father s name was hazi muhammad dula mia and that of his mother sufia khatun. In 2006 yunus and the grameen bank were jointly awarded the.

Hazi muhammad dula mia was a jewelry merchant. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. Professor muhammad yunus is the recipient of more than 50 honorary degrees from universities across. In 2006 yunus and grameen received the nobel prize for peace.

Since october 2006 when professor muhammad yunus and grameen bank jointly received the nobel peace prize local and international interest in professor yunus work has grown exponentially. He is the founder and managing director of grameen bank which pioneered microcredit. This is a method of banking where small loans are given to the poor mostly to women without collateral for income generating activities to help them get out of poverty. The grameen bank and yunus were jointly awarded the nobel peace prize in 2006 for their efforts to create economic and social development from below as a professor of economics he studied the prevailing principles of finance and.

His objective was to help poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few sound financial principles so. Muhammad yunus born 28 june 1940 is a bangladeshi social entrepreneur banker economist and civil society leader who was awarded the nobel peace prize for founding the grameen bank and pioneering the concepts of microcredit and microfinance. Professor muhammad yunus was born on june 28 1940. To address this ever growing need professor yunus founded yunus centre in july 2008 to promote and disseminate his work and philosophy especially the concept and practice of social business.

It operates in 70 000 villages and 97 percent of its 6 6 million borrowers are women. Professor muhammad yunus established the grameen bank in bangladesh in 1983 fueled by the belief that credit is a fundamental human right. Curriculum vitae of nobel peace laureate professor muhammad yunus chairman of yunus centre and founder of grameen bank dhaka bangladesh personal informationnameprofessor muhammad yunuspresent address chairman yunus centregrameen bank mirpur 2dhaka.