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In 1994, Grameen Bank received the Independence Day Award, which is the highest government award. 13 October 2006, the Nobel Committee awarded Grameen Bank and its founder, Muhammad Yunus, the 2006 Nobel Peace Prize "for their efforts to create economic and social development from below." [49] The award announcement also mentions that:
The origins of microcredit in its current practical incarnation can be linked to several organizations founded in Bangladesh, especially the Grameen Bank. 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 ...
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 ]
In 2011, Bangladesh’s government-controlled central bank removed Yunus as managing director of Grameen Bank, saying he had exceeded the mandatory retirement age. Muhammad Yunus leaves a court in ...
The Nobel laureate Muhammad Yunus, founder of Grameen Bank, is credited with lifting millions out of poverty in the country of Bangladesh. Grameen became famous for pioneering the concept of ...
After Prof. Muhammad Yunus and the Grameen Bank received the Nobel Peace Prize in October 2006, a personal office for Prof. Yunus under the name of ‘Yunus Secretariat’ was formed. From the very beginning on, the Yunus Secretariat was mainly aiming at promoting Prof. Yunus’ philosophy of social business and served as a one-stop resource ...
Grameen America is a 501(c)(3) nonprofit microfinance organization based in New York City. It was founded by Nobel Peace Prize recipient Muhammad Yunus in 2008. Grameen America is run by former Avon Chairman and CEO Andrea Jung. The organization provides loans, savings programs, financial education, and credit establishment to women who live in ...
The commission summoned Yunus, chairman of Grameen Telecom, over $2.28 million from the company’s Workers Profit Participation Fund. Bangladesh's anti-graft watchdog quizzes Nobel laureate ...