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Grameen Bank is a statutory public authority. It is originated in 1976, in the work of Muhammad Yunus, a professor at the University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October 1983, the Grameen Bank was authorized by national ...
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 ]
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%.
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.
Dr. Muhammad Yunus (born 1940) is the Chief Advisor of Bangladesh, and also is a Bangladeshi economist and founder of the Grameen Bank, and a Nobel Peace Prize laureate. Mohammad Younus (or variants such as Mohammad, Mohammed, Muhammad and Yunus, Younis) may refer to: Mohammad Yunus (diplomat) (1916–2001), Indian ambassador