Muhammad Yunus

Bangladeshi banker, economist and Nobel Peace Prize recipient

1940   -  

country of citizenship: Bangladesh
native language: Bengali
language of expression: English
educated at: Vanderbilt University, University of Dhaka, University of Colorado, Chittagong College
occupation: economist, entrepreneur, university teacher, banker
award received: Nobel Peace Prize, Independence Day Award, Ramon Magsaysay Award, Empowering award, Indira Gandhi Prize, Princess of Asturias Award for Concord, Four Freedoms Award - Freedom from Want, World Food Prize, Volvo Environment Prize, The Nichols-Chancellor's Medal, Fulbright Scholarship, Honorary doctor of the Katholieke Universiteit Leuven, honorary doctor of the Catholic University of Louvain, International Simón Bolívar Prize, honorary doctor of the University of Alicante, honorary doctorate of the National University of San Marcos, honorary doctor of the University of Madrid Complutense, Grand Cross of the Order of the Sun of Peru‎, Order of King Abdulaziz al Saud, Order of the Liberator, Fukuoka Asian Culture Prize, Knight Grand Cross of the Order of Merit of the Italian Republic, honorary doctor of the University of Valencia, honorary doctor of the University of Sydney, Congressional Gold Medal, National Order of Benin, Honorary doctorate from university of Florence, Order of Merit of the Italian Republic, Presidential Medal of Freedom
www.muhammadyunus.org
@Yunus_Centre
Professor.Muhammad.Yunus

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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 for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. Yunus and the Grameen Bank were jointly awarded the Nobel Peace Prize "for their efforts through microcredit to create economic and social development from below". The Norwegian Nobel Committee said that "lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty" and that "across cultures and civilizations, Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development". Yunus has received several other national and international honours. He received the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010.In 2008, he was rated number 2 in Foreign Policy magazine's list of the 'Top 100 Global Thinkers'.In February 2011, Yunus together with Saskia Bruysten, Sophie Eisenmann and Hans Reitz co-founded Yunus Social Business – Global Initiatives (YSB). YSB creates and empowers social businesses to address and solve social problems around the world. As the international implementation arm for Yunus' vision of a new, humane capitalism, YSB manages incubator funds for social businesses in developing countries and provides advisory services to companies, governments, foundations and NGOs. In 2012, he became Chancellor of Glasgow Caledonian University in Scotland, a position he held until 2018. Previously, he was a professor of economics at Chittagong University in Bangladesh. He published several books related to his finance work. 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.In March 2011, the Bangladesh government fired Yunus from his position at Grameen Bank, citing legal violations and an age limit on his position.
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