64th Boys' Brigade Citizenship stage 2

2. INTRODUCTION TO MUHAMMAD
YUNUS
Muhammad Yunus was born in 28th June, 1940 in the village of Bathua, in
Hathazari, Chittagong, the business centre of what was then Eastern Bengal. He
was the third of 14 children of whom five died in infancy. His father was a
successful goldsmith who always encouraged his sons to seek higher education.
But his biggest influence was his mother, Sufia Khatun, who always helped any
poor that knocked on their door. This inspired him to commit himself to
eradication of poverty. His early childhood years were spent in the village. In
1947, his family moved to the city of Chittagong, where his father had the
jewellery business.

3. MUHAMMAD YUNUS
In 1974, Professor Muhammad Yunus, a Bangladeshi economist from
Chittagong University, led his students on a field trip to a poor village. They
interviewed a woman who made bamboo stools, and learnt that she had to
borrow the equivalent of 15p to buy raw bamboo for each stool made. After
repaying the middleman, sometimes at rates as high as 10% a week, she was left
with a penny profit margin. Had she been able to borrow at more advantageous
rates, she would have been able to amass an economic cushion and raise herself
above subsistence level.

4. HISTORY OF MUHAMMAD YUNUS
Muhammad (pronounced Muhammôd Iunus; born 28 June 1940) is a Bangladeshi banker,
economist and Nobel Peace Prize recipient. He previously was a professor of economics where
he developed the concepts of microcredit and microfinance. These loans are given to
entrepreneurs too poor to qualify for traditional bank loans. In 2006 Yunus and Grameen
received the Nobel Peace Prize "for their efforts through microcredit to create economic and
social development from below" Yunus himself has received several other national and
international honors.
Presently he is a Chancellor at the Glasgow Caledonian University [2] [3]. He is also a member
of advisory board at Shahjalal University of Science and Technology. Previously, he was a
professor of economics at Chittagong University where he developed the concepts of
microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for
traditional bank loans. He is the author of Banker to the Poor and two books on Social
Business Models, and a founding board member of Grameen America and Grameen
Foundation. Grameen Intel is just one of hundreds of public and private partnerships now
mediated through Youth & Yunus. In early 2007 Yunus showed interest in launching a political
party in Bangladesh named Nagorik Shakti (Citizen Power), but later discarded the plan.

5. IMPACT OF VENTURE
• Muhammad Yunus is often referred to as "the world's banker to the poor".
• His micro finance initiative reached out to people shunned by conventional
banking systems - people so poor they have no collateral to guarantee a loan,
should they be unable to repay it.
• It was so successful that even beggars have been able to borrow money under
his scheme.

6. TEAM CREDITS AND SOURCES
Company Sergeant Major: SGT Yeh Qi Le
Deputy Sergeant Major: SGT Woon Jun Wei
Eagle Squad Leader: SGT Marcus Jau
Lion Squad Leader: SGT Kenrick Cheong
Logistics IC: SGT Ng Jun Kiat
Sources: http://www.grameen-info.org/index.php?
option=com_content&task=view&id=329&Itemid=363
And
http://www.wikipedia.org/