Who is Muhammad Yunus?

Who is Muhammad Yunus?

Professor Muhammad Yunus was born on June 28, 1940. He is the founder and managing director of Grameen Bank, which pioneered microcredit. This is a method of banking where small loans are given to the poor, mostly to women, without collateral, for income-generating activities, to help them get out of poverty.

What did Muhammad Yunus do for the poor?

Muhammad Yunus Biography. Muhammad Yunus is a Bangladeshi banker and recipient of the Nobel Peace Prize (2006). Yunus is credited with developing the concepts of microfinance and microcredit. These are schemes which offer small loans to the rural poor – to enable them to invest and lift themselves out of poverty.

Who is the Nobel Peace Prize winner Muhammad Yunus?

Muhammad Yunus is a Bangladeshi banker and recipient of the Nobel Peace Prize (2006). Yunus is credited with developing the concepts of microfinance and microcredit.

Who is Yunus Ahmed shoudagar?

The third of nine children, Yunus was born on 28 June 1940 to a Bengali Muslim family in the village of Bathua, by the Kaptai road in Hathazari, Chittagong in the Bengal Presidency of the British Raj, present Bangladesh. His father was Hazi Dula Mia Shoudagar, a jeweler, and his mother was Sufia Khatun.