Professor Dr. Muhammad Yunus is a Bangladeshi investor and financial expert. He is the creator and originator of the idea of microcredit, the expansion of little credits to business visionaries too poor to even think about meeting all requirements for customary bank advances. Yunus is likewise the author of Grameen Bank. In 2006, they were mutually granted the Nobel Peace Prize, "for their endeavors to make financial and social improvement from beneath.
The Grameen Bank (in Bengali, Grameen means rural) which Dr. Yunus has worked in the course of the most recent 22 years is today the biggest rural bank in Bangladesh. It has more than 2 million borrowers and works in 35000 villages in a nation of 68000 villages. 94% of its borrowers are ladies. The bank depends on simple, reasonable principles, careful association, imagination and companion pressure among borrowers. The break that Grameen Bank offers is an insurance free credit, once in a while identical to only a couple
U.S. dollars and once in a while more than $100. In rural areas , it makes things happened. 98% of its advances are respected. Consequently he has transformed into reality a way of thinking that the least fortunate of the poor are the most meriting in the land and that given the chance they can lift themselves out of the soil of neediness. His thoughts consolidate free enterprise with social obligation.
Micro-credit concept is presently being rehearsed in 58 nations. In the US, it is a success even with the Shifting poor of Chicago's hardest location. The United States alone has more than 500 Grameen side projects. Bill Clinton said in his election that Yunus merited a Nobel Peace Prize and refered to the Experiment of Dr. Yunus as a model for reconstructing downtown areas of America. Pilot projects are beginning in Britain.
3. Introduction
Leadership
The people who are the leaders in an association, respected aggregately.
The action of driving a group of persons or an organization.
4. Biography (28 June 1940)
1962-65 : Lecturer of Economics, Chittagong College, Bangladesh
1969-72 : Assistant Professor of Economics, MTSU, Tennessee, USA
1972 (July-Sept) :
Deputy Chief, General Economics Division, Planning Commission, Government
of Bangladesh.
1972 - 75 :
Associate Professor of Economics and Head of the Department of
Economics, Chittagong University, Bangladesh
1975 - 1989 :
Professor of Economics, Chittagong University and Director, Rural
Economics Program, Chittagong, Bangladesh
1976 - 1983 : Project Director, Grameen Bank Project, Bangladesh
1983 - 2011 : Managing Director, Grameen Bank, Bangladesh
1996 (April-June) :
Cabinet Minister (Advisor) in the Caretaker Government of
Bangladesh.
