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Encyclopedia > Muhammad Yunus
মুহাম্মদ ইউনুস
Muhammad Yunus

Born June 28, 1940 (1940-06-28) (age 67)
Chittagong, Bangladesh
Residence Bangladesh
Nationality Bangladeshi
Occupation Founder of Grameen Bank
Religious stance Islam
Spouse Afrozi Yunus
Children 2

Muhammad Yunus (Bengali: মুহাম্মদ ইউনুস, pronounced Muhammôd Iunus) (born June 28, 1940) is a Bangladeshi banker and economist. A former professor of economics, he is famous for his successful application of the concept of microcredit, the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans. Yunus is also the founder of Grameen Bank. In 2006, Yunus and the bank were jointly awarded the Nobel Peace Prize, "for their efforts to create economic and social development from below."[1] Yunus himself has received several other national and international honors. He is the author of Banker to the Poor and a founding board member of Grameen Foundation. In early 2007 Yunus showed interest in launching a political party in Bangladesh named Nagorik Shakti (Citizen Power), but later discarded the plan. He is one of the founding members of Global Elders. Mohammad Yunus was a close associate of Indira Gandhi. ... Image File history File links Nobel_prize_medal. ... Image File history File links Metadata Size of this preview: 508 × 599 pixelsFull resolution (3000 × 3540 pixel, file size: 1. ... is the 179th day of the year (180th in leap years) in the Gregorian calendar. ... Year 1940 (MCMXL) was a leap year starting on Monday (link will display the full 1940 calendar) of the Gregorian calendar. ... This article is about Chittagong as a city in Bangladesh. ... The Grameen Bank (Bangla: গ্রামীণ ব্যাংক) is a microfinance organization and community development bank started in Bangladesh that makes small loans (known as microcredit) to the impoverished without requiring collateral. ... For people named Islam, see Islam (name). ... Bengali or Bangla (IPA: ) is an Indo-Aryan language of the eastern Indian subcontinent, evolved from the Magadhi Prakrit, Pāli and Sanskrit languages. ... is the 179th day of the year (180th in leap years) in the Gregorian calendar. ... Year 1940 (MCMXL) was a leap year starting on Monday (link will display the full 1940 calendar) of the Gregorian calendar. ... For other uses, see Bank (disambiguation). ... Alan Greenspan, former chairman, United States Federal Reserve. ... The meaning of the word professor (Latin: [1]) varies. ... Face-to-face trading interactions on the New York Stock Exchange trading floor. ... Microcredit is the extension of very small loans (microloans) to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable. ... For other uses, see Loan (disambiguation). ... An entrepreneur (a loanword from French introduced and first defined by the Irish economist Richard Cantillon) is a person who operates a new enterprise or venture and assumes some accountability for the inherent risks. ... For other uses, see Bank (disambiguation). ... The Grameen Bank (Bangla: গ্রামীণ ব্যাংক) is a microfinance organization and community development bank started in Bangladesh that makes small loans (known as microcredit) to the impoverished without requiring collateral. ... Lester B. Pearson after accepting the 1957 Nobel Peace Prize The Nobel Peace Prize (Swedish and Norwegian: Nobels fredspris) is the name of one of five Nobel Prizes bequeathed by the Swedish industrialist and inventor Alfred Nobel. ... Banker to the Poor: Micro-Lending and the Battle Against World Poverty[1] is an autobiography of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus. ... Grameen Foundation, founded as Grameen Foundation USA, is a global 501(c)3 non-profit organization based in Washington DC that works to replicate the Grameen Bank microfinance model around the world through a global network of partner microfinance institutions. ... The Global Elders or The Elders is a group of public figures noted as statemen, peace activists, and human rights advocates. ...

Contents

Early years

The eldest of nine children, Yunus was born in June 28, 1940 to a Muslim family in the village of Bathua, by the Boxirhat Road in Hathazari, Chittagong, then in British India (now in Bangladesh).[2][3] His father was Hazi Dula Mia Shoudagar, a jeweler, and his mother was Sofia Khatun. His early childhood years were spent in the village. In 1944, his family moved to the city of Chittagong, and he was shifted to Lamabazar Primary School from his village school.[2][4] By 1949, his mother was afflicted with psychological illness.[3] Later, he passed the matriculation examination from Chittagong Collegiate School securing the 16th position among 39,000 students in East Pakistan.[4] During his school years, he was an active Boy Scout, and traveled to West Pakistan and India in 1952, and to Canada in 1955 to attend Jamborees.[4] Later when Yunus was studying at Chittagong College, he became active in cultural activities and won awards for drama acting.[4] In 1957, he enrolled in the department of economics at Dhaka University and completed his BA in 1960 and MA in 1961. is the 179th day of the year (180th in leap years) in the Gregorian calendar. ... Year 1940 (MCMXL) was a leap year starting on Monday (link will display the full 1940 calendar) of the Gregorian calendar. ... There is also a collection of Hadith called Sahih Muslim A Muslim (Arabic: مسلم, Persian: Mosalman or Mosalmon Urdu: مسلمان, Turkish: Müslüman, Albanian: Mysliman, Bosnian: Musliman) is an adherent of the religion of Islam. ... Hathazari (Bengali: ) is an Upazila of Chittagong District in the Division of Chittagong, Bangladesh. ... Chittagong District is a district located in the south-eastern region of Bangladesh. ... Anthem God Save The Queen/King British India, circa 1860 Capital Calcutta (1858-1912), New Delhi (1912-1947) Language(s) Hindi, Urdu, English and many others Government Monarchy Emperor of India  - 1877-1901 Victoria  - 1901-1910 Edward VII  - 1910-1936 George V  - January-December 1936 Edward VIII  - 1936-1947 George... This article is about Chittagong as a city in Bangladesh. ... Chittagong Collegiate School The Chittagong Collegiate School is a notable secondary school in Chittagong, the southern port city in Bangladesh. ... East Pakistan was a former province of Pakistan which existed between 1955 and 1971. ... This article is about the Boy Scouts and Girl Scouts/Girl Guides organizations. ... Jamboree is a title of two albums: Jamboree, released by Guadalcanal Diary in 1986. ... Chittagong College is the topmost college in Chittagong, Bangladesh. ... Face-to-face trading interactions on the New York Stock Exchange trading floor. ... This article needs to be wikified. ... A B.A. issued from the University of Tennessee. ... A Master of Arts is a postgraduate academic masters degree awarded by universities in North America and the United Kingdom (excluding the ancient universities of Scotland and Oxbridge. ...


Following his graduation, Yunus joined the Bureau of Economics as a research assistant to the economical researches of Professor Nurul Islam and Rehman Sobhan.[4] Later he was appointed as a lecturer in economics in Chittagong College in 1961.[4] During that time he also set up a profitable packaging factory on the side.[3] He was offered a Fulbright scholarship in 1965 to study in the United States. He obtained his Ph.D. in economics from Vanderbilt University in the United States through the graduate program in Economic Development in 1969.[5] From 1969 to 1972, Yunus was an assistant professor of economics at Middle Tennessee State University in Murfreesboro, TN. Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ... Rehman Sobhan, a prominent economist, played a significant role in the nationalist movement of Bangladesh. ... Chittagong College is the topmost college in Chittagong, Bangladesh. ... A sealed pack of diced pork from Tesco. ... The Fulbright Program is program of educational grants (Fulbright Fellowships) sponsored by the Bureau of Educational and Cultural Affairs of the United States Department of State. ... Doctor of Philosophy (Ph. ... Vanderbilt University is a private, nonsectarian, coeducational research university in Nashville, Tennessee. ... Middle Tennessee State University (founded September 11, 1911, and commonly abbreviated as MTSU) is an American university located in Murfreesboro, Tennessee. ... The Battle of Murfreesboro or the Battle of Stones River, was a battle in the American Civil War. ... Official language(s) English Capital Nashville Largest city Memphis Largest metro area Nashville Metropolitan Area Area  Ranked 36th  - Total 42,169 sq mi (109,247 km²)  - Width 120 miles (195 km)  - Length 440 miles (710 km)  - % water 2. ...


During the Liberation War of Bangladesh in 1971, Yunus founded a citizen's committee and ran the Bangladesh Information Center, with other Bangladeshis living in the United States, to raise support for liberation.[4]. He also published the Bangladesh Newsletter from his home in Nashville. After the War, Yunus returned to Bangladesh and was appointed to the government's Planning Commission headed by Nurul Islam. He found the job boring and resigned to join Chittagong University as head of the Economics department.[6] He became involved with poverty reduction after observing the famine of 1974, and established a rural economic program as a research project. In 1975, he developed a Nabajug (New Era) Tebhaga Khamar (three share farm) which the government adopted as the Packaged Input Programme.[4] In order to make the project more effective, Yunus and his associates proposed the Gram Sarkar (the village government) programme.[7] Introduced by then president Ziaur Rahman in late 1970s, the Government formed 40,392 village governments (gram sarkar) as a fourth layer of government in 2003. On 2 August 2005, in response to a petition filed by Bangladesh Legal Aids and Services Trust (BLAST) the High Court had declared Gram Sarkar illegal and unconstitutional.[8] The Bangladesh Liberation War (two other names are also used occasionally) refers to an approximately nine month long armed conflict between current day Pakistan and Bangladesh. ... For other cities named Nashville, see Nashville (disambiguation). ... This article or section cites very few or no references or sources. ... The University of Chittagong (Bangla: চট্টগ্রাম বিশ্ববিদ্যালয় Chôţţogram Bishshobiddalôe) is a public university situated at Hathazari Upazila (Thana) of the district of Chittagong, Bangladesh. ... Poverty reduction (or poverty alleviation) is any process which seeks to reduce the level of poverty in a community, or amongst a group of people or countries. ... Possibly over a million people died in the Bangladesh famine of 1974, from July 1974 to January 1975, although the Bangladesh government claimed only 26,000 people died. ... Ziaur Rahman (Bengali: Ziaur Rôhman) (January 19, 1936 — May 30, 1981) was the 6th President of Bangladesh and the founder of the Bangladesh Nationalist Party. ...


Grameen Bank

Grameen Bank Head Office at Mirpur-2, Dhaka
Grameen Bank Head Office at Mirpur-2, Dhaka
Main article: Grameen Bank

In 1976, during visits to the poorest households in the village of Jobra near Chittagong University, Yunus discovered that very small loans could make a disproportionate difference to a poor person. Jobra women who made bamboo furnitures had to take out usurious loans for buying bamboo, to pay their profits to the moneylenders. His first loan, consisting of USD 27.00 from his own pocket, was made to 42 women in the village, who made a net profit of BDT 0.50 (USD 0.02) each on the loan[2] Image File history File linksMetadata Download high-resolution version (1200x1600, 394 KB) [edit] Summary Grameen Bank Building, Mirpur, Dhaka. ... Image File history File linksMetadata Download high-resolution version (1200x1600, 394 KB) [edit] Summary Grameen Bank Building, Mirpur, Dhaka. ... Dhaka (previously Dacca; Bengali: Ḍhākā; IPA: ) is the capital of Bangladesh and the principal city of Dhaka District. ... The Grameen Bank (Bangla: গ্রামীণ ব্যাংক) is a microfinance organization and community development bank started in Bangladesh that makes small loans (known as microcredit) to the impoverished without requiring collateral. ... The University of Chittagong (Bangla: চট্টগ্রাম বিশ্ববিদ্যালয় Chôţţogram Bishshobiddalôe) is a public university situated at Hathazari Upazila (Thana) of the district of Chittagong, Bangladesh. ... For other uses, see Bamboo (disambiguation). ... Look up usury in Wiktionary, the free dictionary. ... The United States dollar is the official currency of the United States. ... ISO 4217 Code BDT User(s) Bangladesh Inflation 7% Source The World Factbook, 2005 est. ...


The concept of providing credit to the poor as a tool of poverty reduction was not unique. Dr. Akhtar Hameed Khan, founder of Pakistan Academy for Rural Development (now Bangladesh Academy for Rural Development), is credited for pioneering the idea.[9] However, from his experience at Jobra Yunus, an admirer of Dr. Hamid[9], realized that an institution is needed to be created to lend to those who had nothing.[10] While, traditional banks were not interested in making tiny loans at reasonable interest rates to poor people, because of high repayment risks[11], Yunus believed that given the chance the poor will repay the borrowed money and hence microcredit could be a viable business model. Dr. Akhtar Hameed Khan (1914-99) was a development activist and social scientist credited for pioneering farmers cooperatives, rural training programmes, and Microcredit and Microfinance initiatives in developing countries. ... Bangladesh Academy for Rural Development (BARD) is an autonomous institution that strives for research and training of local people as well as practitioners on rural development. ... For other uses, see Bank (disambiguation). ... Microcredit is the extension of very small loans (microloans) to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable. ... The term business model describes a broad range of informal and formal models that are used by enterprises to represent various aspects of business, such as operational processes, organizational structures, and financial forecasts. ...


Yunus finally succeeded in securing a loan from the government Janata Bank to lend it to the poor in Jobra in December 1976. The institution continued to operate by securing loans from other banks for its projects. By 1982, the bank had 28,000 members. On October 1, 1983, the pilot project began operations as a full-fledged bank and was renamed the Grameen Bank (Village Bank) to make loans to poor Bangladeshis. Yunus and his colleagues encountered everything from violent radical leftists to the conservative clergy who told women that they would be denied a Muslim burial if they borrowed money from the Grameen Bank.[3] As of July 2007, Grameen Bank has issued US$ 6.38 billion to 7.4 million borrowers.[12] To ensure repayment, the bank uses a system of "solidarity groups". These small informal groups apply together for loans and its members act as co-guarantors of repayment and support one another's efforts at economic self-advancement.[7] Janata Bank is a state-owned commercial bank in Bangladesh. ... is the 274th day of the year (275th in leap years) in the Gregorian calendar. ... Year 1983 (MCMLXXXIII) was a common year starting on Saturday (link displays the 1983 Gregorian calendar). ... The Grameen Bank (Bangla: গ্রামীণ ব্যাংক) is a microfinance organization and community development bank started in Bangladesh that makes small loans (known as microcredit) to the impoverished without requiring collateral. ...


The Grameen Bank started to diversify in the late 1980s when it started attending to unutilized or underutilized fishing ponds, as well as irrigation pumps like deep tubewells.[13] In 1989, these diversified interests started growing into separate organizations, as the fisheries project became Grameen Motsho (Grameen Fisheries Foundation) and the irrigation project became Grameen Krishi (Grameen Agriculture Foundation).[13] Over time, the Grameen initiative has grown into a multi-faceted group of profitable and non-profit ventures, including major projects like Grameen Trust and Grameen Fund, which runs equity projects like Grameen Software Limited, Grameen CyberNet Limited, and Grameen Knitwear Limited,[14] as well as Grameen Telecom, which has a stake in Grameenphone (GP), biggest private sector phone company in Bangladesh.[15]. The Village Phone (Polli Phone) project of GP has brought cell-phone ownership to 260,000 rural poor in over 50,000 villages since the beginning of the project in March 1997.[16] Grameen Bank Complex at Mirpur-2, Dhaka The Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of profitable and non-profit ventures, established by Dr. Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. ... Grameen Bank Complex at Mirpur-2, Dhaka The Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of profitable and non-profit ventures, established by Dr. Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. ... Grameen Bank Complex at Mirpur-2, Dhaka The Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of profitable and non-profit ventures, established by Dr. Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. ... Grameen Fund is a not-for-profit company in Bangladesh established by Muhammad Yunus to provide risk capital to small and medium enterprises (SME) beyond the scope of Grameen Banks objectives of providing microcredit to the very poor. ... Grameen Bank Complex at Mirpur-2, Dhaka The Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of profitable and non-profit ventures, established by Dr. Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. ... Grameen Bank Complex at Mirpur-2, Dhaka The Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of profitable and non-profit ventures, established by Dr. Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. ... Grameen Bank Complex at Mirpur-2, Dhaka The Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of profitable and non-profit ventures, established by Dr. Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. ... Grameen Telecom is a not for profit company of Bangladesh. ... Grameenphone (Bengali: গ্রামীণফোন Graminfon) is a GSM-based cellular operator in Bangladesh and market leader[5] with more than 50% of the Bangladeshi market share. ... The Village Phone (Bengali: Polli Fon) programme is a unique initiative of Grameen Telecom, one of the largest telecommunication service providers in Bangladesh. ...


The success of the Grameen model of microfinancing has inspired similar efforts in a hundred countries throughout the developing world and even in industrialized nations, including the United States.[17] Many, but not all, microcredit projects also retain its emphasis on lending specifically to women. More than 96% of Grameen loans have gone to women, who suffer disproportionately from poverty and who are more likely than men to devote their earnings to their families.[18] For his work with the Grameen Bank, Yunus was named an Ashoka: Innovators for the Public Global Academy Member in 2001.[19] For the Jamaican reggae band, see Third World (band). ...

Further information: Grameen family of organizations

Grameen Bank Complex at Mirpur-2, Dhaka The Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of profitable and non-profit ventures, established by Dr. Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. ...

Recognitions

Muhammad Yunus accepting the Nobel Peace Prize for 2006.

Muhammad Yunus was awarded the 2006 Nobel Peace Prize, along with Grameen Bank, for their efforts to create economic and social development. In the prize announcement The Norwegian Nobel Committee mentioned:[1] Image File history File links Metadata Size of this preview: 398 × 600 pixelsFull resolution (2848 × 4291 pixel, file size: 743 KB, MIME type: image/jpeg) ]] File historyClick on a date/time to view the file as it appeared at that time. ... Image File history File links Metadata Size of this preview: 398 × 600 pixelsFull resolution (2848 × 4291 pixel, file size: 743 KB, MIME type: image/jpeg) ]] File historyClick on a date/time to view the file as it appeared at that time. ... Awards received by Dr. Muhammad Yunus, the foudner of Grameen Bank: 1978 — Presidents Award, Bangladesh[1] 1984 — Ramon Magsaysay Award, Philippines[2] 1985 — Bangladesh Bank Award, Bangladesh[1] 1987 — Shwadhinota Dibosh Puroshkar (Independence Day Award), Bangladesh[1] 1989 — Aga Khan Award for Architecture, Switzerland[3] 1993 — CARE Humanitarian Award... Lester B. Pearson after accepting the 1957 Nobel Peace Prize The Nobel Peace Prize (Swedish and Norwegian: Nobels fredspris) is the name of one of five Nobel Prizes bequeathed by the Swedish industrialist and inventor Alfred Nobel. ... The Norwegian Nobel Committee (Den norske Nobelkomité) awards the Nobel Peace Prize each year. ...

Muhammad Yunus has shown himself to be a leader who has managed to translate visions into practical action for the benefit of millions of people, not only in Bangladesh, but also in many other countries. Loans to poor people without any financial security had appeared to be an impossible idea. From modest beginnings three decades ago, Yunus has, first and foremost through Grameen Bank, developed micro-credit into an ever more important instrument in the struggle against poverty.

Muhammad Yunus was the first Bangladeshi and third Bengali to ever get a Nobel Prize. After receiving the news of the important award, Yunus announced that he would use part of his share of the $1.4 million award money to create a company to make low-cost, high-nutrition food for the poor; while the rest would go toward setting up an eye hospital for the poor in Bangladesh.[20] The Bengali people are the ethnic community from Bengal (divided between India and Bangladesh) on the Indian subcontinent with a history dating back four millennia. ...


Former U.S. president Bill Clinton was a vocal advocate for the awarding of the Nobel Prize to Muhammed Yunus. He expressed this in Rolling Stone magazine[21] as well as in his autobiography My Life.[22] In a speech given at University of California, Berkeley in 2002, President Clinton described Dr. Yunus as "a man who long ago should have won the Nobel Prize [and] I’ll keep saying that until they finally give it to him."[23] Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... William Jefferson Bill Clinton (born William Jefferson Blythe III[1] on August 19, 1946) was the 42nd President of the United States, serving from 1993 to 2001. ... This article is about the magazine. ... My Life My Life is a 2004 autobiography written by former President of the United States Bill Clinton, who left office on January 20, 2001. ... Sather tower (the Campanile) looking out over the San Francisco Bay and Mount Tamalpais. ...


He has won a number of other awards, including the Ramon Magsaysay Award,[24] the World Food Prize[25] and the Sydney Peace Prize.[26] Additionally, Dr. Yunus has been awarded 26 honorary doctorate degrees, and 15 special awards.[27] Bangladesh government brought out a commemorative stamp to honor his Nobel Award.[28] For the municipality, see Ramon Magsaysay, Zamboanga del Sur. ... The World Food Prize is an international award recognizing the achievements of individuals who have advanced human development by improving the quality, quantity or availability of food in the world. ... The Sydney Peace Prize is awarded by the Sydney Peace Foundation, a not-for-profit organisation associated with the University of Sydney. ... An honorary degree (Latin: honoris causa ad gradum, not to be confused with an honors degree) is an academic degree awarded to an individual as a decoration, rather than as the result of matriculating and studying for several years. ...


Political activity

In early 2006 he, along with other members of the civil society including Prof Rehman Sobhan, Justice Muhammad Habibur Rahman, Dr Kamal Hossain, Matiur Rahman, Mahfuz Anam and Debapriya Bhattchariya, participated in a campaign for honest and clean candidates in national elections.[29] He considered entering politics in later part of that year.[30] On February 11, 2007, Yunus wrote an open letter, published in the Bangladeshi newspaper Daily Star, where he asked citizens for views on his plan to float a political party to establish political goodwill, proper leadership and good governance. In the letter, he called on everyone to briefly outline how he should go about the task and how they can contribute to it.[31] Yunus finally announced the foundation of a new party tentatively called Citizens' Power (Nagorik Shakti) on February 18, 2007.[32][33] There was speculation that the army supported a move by Yunus into politics.[34] On May 3, however, Yunus declared that he had decided to abandon his political plans following a meeting with the head of the interim government, Fakhruddin Ahmed.[35] Rehman Sobhan, a prominent economist, played a significant role in the nationalist movement of Bangladesh. ... This article links to the former chief justice of Bangladesh. ... Dr. Kamal Hossain (Bangla: কামাল হোসেন) is a notable Bangladeshi politician, statesman and lawyer. ... Matiur Rahman is the chief editor of Daily Prothom-Alo, a Bangla language daily news paper in Bangladesh. ... Mahfuz Anam is an editor and publisher of Daily Star, one of Bangladeshs mainstream English language newspapers. ... Debapriya Bhattchariya is a famous economist from Bangladesh. ... is the 42nd day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... The Daily Star is an English language daily newspaper published in Bangladesh. ... Citizens Forum (Bengali: Nagarik Samiti), also known as Citizens Power (Bengali: Nagarik Shakti), is a political party in Bangladesh which will be founded by Muhammad Yunus in early 2007. ... is the 49th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 123rd day of the year (124th in leap years) in the Gregorian calendar. ... Dr. Fakhruddin Ahmed (born May 1, 1940, Munshiganj, British India) is a noted Bangladeshi economist, civil servant, and a former governor of the Bangladesh Bank, the countrys central bank. ...


On July 18, 2007 in Johannesburg, South Africa, Nelson Mandela, Graça Machel, and Desmond Tutu convened a group of world leaders to contribute their wisdom, independent leadership and integrity together to the world. Nelson Mandela announced the formation of this new group, The Global Elders, in a speech he delivered on the occasion of his 89th birthday.[36][37] Archbishop Tutu is to serve as the Chair of The Elders. The founding members of this group include Machel, Kofi Annan, Ela Bhatt, Gro Harlem Brundtland, Jimmy Carter, Li Zhaoxing, Mary Robinson and Yunus. The Elders are to be independently funded by a group of Founders, including Richard Branson, Peter Gabriel, Ray Chambers; Michael Chambers; Bridgeway Foundation; Pam Omidyar, Humanity United; Amy Robbins; Shashi Ruia, Dick Tarlow; and The United Nations Foundation. is the 199th day of the year (200th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... This article is about the city in South Africa. ... For other people named Mandela, or other uses, see Mandela. ... Graça Machel in 1984, with then husband President Samora Machel of Mozambique and P W Botha and Pik Botha of South Africa at the signing of the Nkomati Accord. ... Desmond Mpilo Tutu (born 7 October 1931) is a South African cleric and activist who rose to worldwide fame during the 1980s as an opponent of apartheid. ... The Global Elders or The Elders is a group of public figures noted as statemen, peace activists, and human rights advocates. ... Kofi Atta Annan (born April 8, 1938) is a Ghanaian diplomat who served as the seventh Secretary-General of the United Nations from January 1, 1997 to January 1, 2007, serving two five-year terms. ... Ela Bhatt is the founder of the Self-Employed Womens Association (SEWA) and served as the General Secretary of SEWA from 1972-1996. ... Gro Harlem Brundtland [IPA: gro hɑɭɛm brʉntlÉ‘nd] (born April 20, 1939) is a Norwegian politician, diplomat, and physician, and an international leader in sustainable development and public health. ... For other persons named Jimmy Carter, see Jimmy Carter (disambiguation). ... This is a Chinese name; the family name is Li (李) Li Zhaoxing (Chinese: ; pinyin: ; born October 20, 1940) was the foreign minister of the Peoples Republic of China from 2003 to 2007. ... For the poet, see Mary Robinson (poet). ... Sir Richard Charles Nicholas Branson (born 18 July 1950 ) in Shamley Green, Surrey, England), is a British entrepreneur, best known for his Virgin brand of over 360 companies. ... Peter Brian Gabriel (born 13 February 1950, in Chobham,[1] Surrey, England) is an English musician. ... The [United Nations Foundation] was created in 1998 with entrepreneur and philanthropist Ted Turner’s historic $1 billion gift to support UN causes. ...


Family

In 1967 while Yunus attended Vanderbilt University, he met Vera Forostenko, a student of Russian literature at Vanderbilt University and daughter of Russian immigrants to Trenton, New Jersey, U.S. They were married in 1970.[6][3] Yunus's marriage with Vera ended within months of the birth of their baby girl, Monica Yunus (b. 1979 Chittagong), as Vera returned to New Jersey claiming that Bangladesh was not a good place to raise a baby.[6][3] Yunus later married Afrozi Yunus, who was then a researcher in physics at Manchester University.[6] She was later appointed as a professor of physics at Jahangirnagar University. Their daughter Deena Afroz Yunus was born in 1986.[6] Vanderbilt University is a private, nonsectarian, coeducational research university in Nashville, Tennessee. ... Russian literature refers to the literature of Russia or its émigrés, and to the Russian-language literature of several independent nations once a part of what was historically Russia or the Soviet Union. ... Nickname: Location of Trenton inside of Mercer County Coordinates: , Country State County Mercer Incorporated November 13, 1792 Government  - Mayor Douglas H. Palmer Area  - City  8. ... “NJ” redirects here. ... Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... Monica Yunus (b. ... This article is about Chittagong as a city in Bangladesh. ... A magnet levitating above a high-temperature superconductor demonstrates the Meissner effect. ... University of Manchester Motto: Cognitio Sapientia Hvmanitas Knowledge, wisdom, humanity. ... Jahangirnagar University (Bengali: ) is a reputed public university of Bangladesh. ...


His brothers are also active in academia. His brother Muhammad Ibrahim is a professor of physics at Dhaka University and the founder of The Center for Mass Education in Science (CMES), which brings science education to adolescent girls in villages.[38] His younger brother Muhammad Jahangir is a popular television presenter. Monica, the eldest daughter of Yunus, is a Bangladeshi-Russian American soprano singer, working in New York City.[39] This article needs to be wikified. ... Look up soprano in Wiktionary, the free dictionary. ...


References

  1. ^ a b The Nobel Peace Prize for 2006. NobelPrize.org (2006-10-13). Retrieved on 2006-10-13.
  2. ^ a b c First loan he gave was $27 from own pocket, The Daily Star, 2006-10-14, Front page, Retrieved: 2007-08-22
  3. ^ a b c d e f Mhammad Yunus: The triumph of idealism, New Age Special, The New Age, 2007-01-01; Retrieved: 2007-09-11
  4. ^ a b c d e f g h Yunus, Muhammad. Printed interview in Bengali with Rahman, Matiur. গরীবের উপকারে লাগে দেখে বহু লোক আমাদের ব্যাংকে টাকা রাখতে এগিয এসেছে. The daily Prothom Alo., Dhaka. 14. Retrieved on 2006-10-14.
  5. ^ Yunus to receive Nichols-Chancellor's Medal, Vanderbilt News, 2007-03-12; Retrieved: 2007-09-09
  6. ^ a b c d e Yunus, Muhammad; Jolis, Alan [2003-09-25]. Banker to the Poor: micro-lending and the battle against world poverty (in English). New York: PublicAffairs hc, 20-29. ISBN 978-1-58648-198-8. 
  7. ^ a b Ramon Magsaysay Award Citation. Ramon Magsaysay Award Foundation (1984). Retrieved on 2007-08-17.
  8. ^ BANGLADESH: Country of Origin Information Report, Country of Origin Information Service, Border & Immigration Agency, 2007-06-15; Retrieved: 2007-09-09
  9. ^ a b Yousaf, Nasim (2006-10-17). 7th Death Anniversary – A Tribute to Dr. Akhter Hameed Khan (English). Statesman. Retrieved on 2007-08-20.
  10. ^ Yunus, Muhammad; Jolis, Alan [2003-09-25]. Banker to the Poor: micro-lending and the battle against world poverty (in English). New York: PublicAffairs hc, 46-49. ISBN 978-1-58648-198-8. 
  11. ^ "Profile: 'World banker to the poor'", BBC NEWS, 2006-10-13. Retrieved on 2006-10-16. (English) 
  12. ^ GB at a glance, Muhammad Yunus, Grameen Info;Retrieved: 2007-09-09
  13. ^ a b Introduction, Muhammad Yunus, Grameen Family; Retrieved: 2007-09-07
  14. ^ Grameen Fund ventures on Grameen official website
  15. ^ About Grameenphone (English). Grameenphone (2006-11-16). Retrieved on 2007-08-22. “Grameenphone is now the leading telecommunications service provider in the country with more than 10 million subscribers as of November 2006.”
  16. ^ Village Phone (English). About Grameenphone. Grameenphone (2006). Retrieved on 2007-08-22.
  17. ^ Grameen Bank, a Nobel-winning concept, The Hindu, 2006-10-23;Retrieved: 2007-09-09
  18. ^ Yunus, Muhammad. Transcript of broadcast interview with Negus, George. World in Focus: Interview with Prof. Muhammad Yunus. Foreign Correspondent; ABC online. 1997-03-25. Retrieved on 2007-08-22.
  19. ^ Muhammad Yunus, Ashoka's Global Academy Member, Wins Nobel Peace Prize (English). Ashoka.org (2006-10-13). Retrieved on 2007-08-17.
  20. ^ "Yunus wins peace Nobel for anti-poverty efforts", AP, 2006-10-13. Retrieved on 2007-08-16. (English) 
  21. ^ Boulden, Jim. "The birth of micro credit", Europe/Business, CNN, 2001-03-29. Retrieved on 2007-08-19. (English) 
  22. ^ Clinton, Bill (2004). My Life: The Presidential Years (in English). New York, Knopf.: Vintage Books, p. 329. ISBN 0375414576. “Muhammad Yunus should have been awarded the Nobel Prize in Economics years ago.” 
  23. ^ Ainsworth, Diane (2002-01-29). Transcript of the Jan. 29, 2002 talk by former President Bill Clinton at the University of California, Berkeley (English). Clinton: education, economic development key to building a peaceful, global village. UC Regents. Retrieved on 2007-08-22.
  24. ^ Ramon Magsaysay Award, 1984: Citation for Muhammad Yunus; Retrieved: 2007-09-01
  25. ^ Dr. Muhammad Yunus - 1994 World Food Prize Laureate (English). WorldFoodPrize.org. Retrieved on 2007-08-29.
  26. ^ Lauret 2006, Seoul Peace Prize website; Retrieved: 2007-09-09
  27. ^ Lists of his awards are found at Grameen Bank website, his personal website, and his profile at Bangladesh News website.
  28. ^ Sydney Peace Prize recipients, Sydney Peace Prize Foundation website; Retrieved: 2007-09-09
  29. ^ Parliament with honest, efficient must for development. The New Nation (2006-03-21). Retrieved on 2007-08-22.
  30. ^ Staff Correspondent. "Yunus not willing to be caretaker chief", The Daily Star, 2006-10-18. Vol 5 Num 853. Retrieved on 2007-08-18. (English) 
  31. ^ Staff Correspondent. "Yunus seeks people's views on floating political party", The Daily Star, 2007-02-12. Vol 5 Num 961. Retrieved on 2007-08-18. (English) 
  32. ^ Siddique, Islam. "Bangladesh Nobel Laureate Announces His Political Party's Name", AHN, 2007-02-18. 7006502326. Retrieved on 2007-08-18. (English) 
  33. ^ Staff Reporter. "'I will do politics of unity': Yunus names his party Nagorik Shakti", The New Nation, 2007-02-12. 34138. Retrieved on 2007-08-18. (English) 
  34. ^ Mustafa, Sabir. "Bangladesh at a crossroads", BBC, 2007-04-05. Retrieved on 2007-08-18. (English) “At first glance, the current state of Bangladesh appears to be a paradox : a country under a state of emergency, but where the general public seem quite content.” 
  35. ^ "Yunus drops plans to enter politics", Al Jazeera, 2007-02-18. Retrieved on 2007-08-18. (English) 
  36. ^ "Mandela unveils 'council of elders'", Al Jazeera, 2007-07-19. Retrieved on 2007-08-24. (English) 
  37. ^ Associated Press. "Mandela joins ‘Elders’ on turning 89", MSNBC, 2007-07-20. 19836050. Retrieved on 2007-08-24. (English) 
  38. ^ Center for Mass Education in Science (CMES) - Bangladesh, Human Resource Development Recommendations, International Labour Organization; Retrieved: 2007-08-27
  39. ^ Monica Yunus, Soprano (asp) (English). Biography. VoxPagel.com. Retrieved on 2007-09-02.

Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 286th day of the year (287th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 287th day of the year (288th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 234th day of the year (235th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 254th day of the year (255th in leap years) in the Gregorian calendar. ... Bengali or Bangla (IPA: ) is an Indo-Aryan language of the eastern Indian subcontinent, evolved from the Magadhi Prakrit, Pāli and Sanskrit languages. ... Matiur Rahman or Shaheed M. Matiur Rahman (Born February 21, 1945 in Dhaka) was a Flight Lieutenant in the Pakistan Air Force when the Liberation War broke out. ... Prothom Alo (Bangla: প্রথম আলো) is a major daily newspaper in Bangladesh, published from Dhaka in the Bengali language. ... Dhaka (previously Dacca; Bengali: Ḍhākā; IPA: ) is the capital of Bangladesh and the principal city of Dhaka District. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 287th day of the year (288th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 252nd day of the year (253rd in leap years) in the Gregorian calendar. ... Banker to the Poor: Micro-Lending and the Battle Against World Poverty[1] is an autobiography of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 229th day of the year (230th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 252nd day of the year (253rd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 232nd day of the year (233rd in leap years) in the Gregorian calendar. ... Banker to the Poor: Micro-Lending and the Battle Against World Poverty[1] is an autobiography of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 289th day of the year (290th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 252nd day of the year (253rd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 250th day of the year (251st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 234th day of the year (235th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 234th day of the year (235th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 252nd day of the year (253rd in leap years) in the Gregorian calendar. ... The Australian Broadcasting Corporation or ABC is Australias national non-profit public broadcaster. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 234th day of the year (235th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 229th day of the year (230th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 228th day of the year (229th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 231st day of the year (232nd in leap years) in the Gregorian calendar. ... William Jefferson Bill Clinton (born William Jefferson Blythe III[1] on August 19, 1946) was the 42nd President of the United States, serving from 1993 to 2001. ... My Life My Life is a 2004 autobiography written by former President of the United States Bill Clinton, who left office on January 20, 2001. ... Berkeley Davis Irvine Los Angeles Merced San Diego Santa Barbara Santa Cruz UC Office of the President in Oakland The University of California (UC) is a public university system in the state of California. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 234th day of the year (235th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 244th day of the year (245th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 241st day of the year (242nd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 252nd day of the year (253rd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 252nd day of the year (253rd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 234th day of the year (235th in leap years) in the Gregorian calendar. ... The Daily Star is a major daily newspaper in Bangladesh, published from Dhaka in the English language. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 230th day of the year (231st in leap years) in the Gregorian calendar. ... The Daily Star is a major daily newspaper in Bangladesh, published from Dhaka in the English language. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 230th day of the year (231st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 230th day of the year (231st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 230th day of the year (231st in leap years) in the Gregorian calendar. ... For other uses, see BBC (disambiguation). ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 230th day of the year (231st in leap years) in the Gregorian calendar. ... Al Jazeera logo Al Jazeera (الجزيرة), meaning The Island or The (Arabian) Peninsula (whence also Algiers) is an Arabic television channel based in Qatar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 230th day of the year (231st in leap years) in the Gregorian calendar. ... Al Jazeera logo Al Jazeera (الجزيرة), meaning The Island or The (Arabian) Peninsula (whence also Algiers) is an Arabic television channel based in Qatar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 236th day of the year (237th in leap years) in the Gregorian calendar. ... The Associated Press, or AP, is an American news agency, the worlds largest such organization. ... For the news website, see MSNBC.com. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 236th day of the year (237th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 239th day of the year (240th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 245th day of the year (246th in leap years) in the Gregorian calendar. ...

See also

Sustainable development Portal
Bangladesh Portal

Image File history File links Sustainable_development. ... Image File history File links COA_of_Bangladesh. ... Microfinance is a term for the practice of providing financial services, such as microcredit, microsavings or microinsurance to poor people. ... The Grameen Bank (Bangla: গ্রামীণ ব্যাংক) is a microfinance organization and community development bank started in Bangladesh that makes small loans (known as microcredit) to the impoverished without requiring collateral. ... This article is about Chittagong as a city in Bangladesh. ... Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (Sharia) principles and guided by Islamic economics. ...

External links

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Image File history File links This is a lossless scalable vector image. ... Wikiquote is one of a family of wiki-based projects run by the Wikimedia Foundation, running on MediaWiki software. ... Image File history File links Commons-logo. ...

Videos

Persondata
NAME Yunus, Muhammad
ALTERNATIVE NAMES ইউনূস, মুহাম্মদ (Bengali)
SHORT DESCRIPTION Bangladeshi banker, economist and recipient of the Nobel Peace Prize -
DATE OF BIRTH June 28, 1940
PLACE OF BIRTH Chittagong, British India
DATE OF DEATH
PLACE OF DEATH
Persondata
NAME Yunus, Muhammad
ALTERNATIVE NAMES ইউনূস, মুহাম্মদ (Bengali)
SHORT DESCRIPTION Bangladeshi banker, economist and recipient of the Nobel Peace Prize
DATE OF BIRTH June 28, 1940
PLACE OF BIRTH Chittagong, British India
DATE OF DEATH
PLACE OF DEATH
Persondata
NAME Yunus, Muhammad
ALTERNATIVE NAMES Iunus, Muhammod (alternate transliteration); মুহাম্মদ ইউনুস (Bengali)
SHORT DESCRIPTION Economist and banker
DATE OF BIRTH June 28, 1940
PLACE OF BIRTH Chittagong, Bangladesh
DATE OF DEATH living
PLACE OF DEATH

  Results from FactBites:
 
The New Heroes . Meet the New Heroes . Muhammad Yunus | PBS (476 words)
Yunus developed his revolutionary micro-credit system with the belief that it would be a cost effective and scalable weapon to fight poverty.
Yunus told his story and that of the bank in the book "Banker to the Poor," co-authored by him and Alan Jolis.
In the book, Yunus recalls that in 1974 he was teaching economics at a Chittagong University in southern Bangladesh, when the country experienced a terrible famine in which thousands starved to death.
RNW: Muhammad Yunus - the man behind microcredit (914 words)
Muhammad Yunus - a small and modest man - speaks convincingly about the microcredit system, for he sees access to loan facilities as a fundamental right.
Mohammed Yunus was one of the four winners of the Four Freedoms Awards 2006, presented this year in the Dutch town of Middelburg.
Muhammad Yunus clearly hopes that the ultimate effect will be a decrease in poverty in his own nation.
  More results at FactBites »


 

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