What is Muhammad Yunus known for?
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.
Why did Yunus receive the Nobel Prize?
Yunus, whose pioneering micro-lender has been hailed for cutting poverty across the globe, will be honoured for “his extensive work in sport for development”, the IOC said in a statement on Thursday. The 81-year-old economist-turned-globe-trotting celebrity speaker won the Nobel in 2006.
In which country did Mohammad Yunus work as a professor?
Bangladesh
In 1972, following studies in Bangladesh and the USA, Yunus was appointed professor of economics at the University of Chittagong. When Bangladesh suffered a famine in 1974, he felt that he had to do something more for the poor beyond simply teaching.
Which is related to microfinance?
Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services.
In which country Muhammad Yunus worked as a professor?
What is Dr Yunus doing now?
He is a founding board member of Grameen America and Grameen Foundation, which support microcredit. Yunus also serves on the board of directors of the United Nations Foundation, a public charity created in 1998 by American philanthropist Ted Turner’s $1 billion gift to support UN causes.
Why did Yunus considered his mother a role model?
His mother worked so hard to give him the best education and a good life. She faced many challenges in society but she never gave up. She brought up Yunush and taught him values. That’s why she was his role model.
Which is the largest MFI in India?
#1. Earlier Bandhan Bank Limited was known as Bandhan Financial Services Limited, the largest microfinance company based out of Kolkata. Bandhan Financial Services Limited received the banking license from RBI in April 2014. Presently, Bandhan Bank Limited has 4559 banking outlets helping it reach 2.01 crore customers.
What is the contribution of Muhammad Yunus?
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.
Is Yunus a public intellectual?
In 2008, Yunus was voted 2nd on the list of Top 100 Public Intellectuals in an open online poll conducted by Prospect Magazine (UK) and Foreign Policy (United States).
What is the Yunus Foundation?
It is ‘aimed primarily at promoting and disseminating Professor Yunus’ philosophy, with a special focus on social business’ and currently chaired by Prof. Muhammad Yunus. Yunus, Muhammad (1974).
What does Yunus do for a living?
Yunus also serves on the board of directors of the United Nations Foundation, a public charity created in 1998 by American philanthropist Ted Turner ‘s $1 billion gift to support UN causes.