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Who is Muhammad Yunus? Yunus founded Grameen Bank in October 1983, and the bank has since lent over $37.5 billion to Bangladesh's poor at a recovery rate of 97%.
The Grameen Bank, which is generally considered the first modern microcredit institution, was founded in 1983 by Muhammad Yunus. [2] Yunus began the project in a small town called Jobra, using his own money to deliver small loans at low-interest rates to the rural poor. Grameen Bank was followed by organizations such as BRAC in 1972 and ASA in ...
Yunus was awarded the Nobel Peace Prize in 2006 for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. [2] Yunus has received several other national and international honors, including the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010. [ 3 ]
Banker to the Poor: Micro-Lending and the Battle Against World Poverty is an autobiography of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus.The book describes Yunus' early life, moving into his college years, and into his years as a professor at Chittagong University.
Yunus and the Grameen Bank were awarded the Nobel Peace Prize in 2006, after lending a total of about $6 billion in housing, student and micro-enterprise loans, and specifically in support of ...
Grameen Bank founder Muhammad Yunus will lead an interim government in Bangladesh after protests ousted Prime Minister Sheikh Hasina. A Nobel laureate and microfinance pioneer steps in to lead ...
This encounter led the former management consultant, Bruysten, to visit some of Muhammad Yunus' social businesses in Bangladesh. Bruysten then started setting up Grameen Creative Lab with a German entrepreneur, where her former BCG colleague Sophie Eisenmann later joined. In 2011, the trio agreed to co-found Yunus Social Business beyond Bangladesh.
Yunus, 83, and his Grameen Bank won the 2006 peace prize for their work to lift millions out of poverty by granting tiny loans of under $100 to the rural poor of Bangladesh, pioneering a global ...