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Muhammad Yunus (born 28 June 1940) is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the Nobel Peace Prize in 2006 for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance.
Muhammad Yunus and Grameen Bank were awarded the Nobel Peace Prize for 2006 for their work to “create economic and social development from below”. Grameen Bank's objective since its establishment in 1983 has been to grant poor people small loans on easy terms - so-called micro-credit - and Yunus was the bank's founder.
Biographical. “Banker to the Poor”. Professor Muhammad Yunus established the Grameen Bank in Bangladesh in 1983, fueled by the belief that credit is a fundamental human right.
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Muhammad Yunus, awarded the 2006 Nobel Peace Prize, sees a capitalist system where the rich get richer while large parts of the world’s population live under difficult conditions. In this conversation he talks about empowering people through microfinance and how the joint participation of women is necessary for any society to succeed.
Oct 13, 2006 · The 2006 Nobel Peace Prize was awarded today to the Grameen Bank of Bangladesh and its founder, Muhammad Yunus, for pioneering microcredit — using loans of tiny amounts to transform destitute...
Muhammad Yunus won the Nobel Peace Prize in 2006 along with his Grameen Bank for pioneering the concept of micro-finance in his native Bangladesh--a financial model that has now spread across much of the Third World and intrigued large segments of the business communities of the developed world as well.
Apr 25, 2024 · In 2006 Yunus and Grameen received the Nobel Prize for Peace. After teaching economics at Chittagong University from 1961 to 1965, Yunus won a Fulbright scholarship. He studied and taught at Vanderbilt University from 1965 to 1972, earning a Ph.D. in economics in 1969.
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