2. Introduction : History
Born in 28 June 1940
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.
Yunus himself has received several
other national and international honours.
3. Introduction : Social
Entrepreneur
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 furniture had to take out
usurious loans for buying bamboo.
His first loan, consisting of US$27.00 from his own pocket,
was made to 42 women in the village, who made a net
profit of BDT 0.50 (US$0.02) each on the loan.
Accumulated through many loans, this vastly improving
Bangladesh's ability to export and import as it did in the
past, resulting in a greater form of globalisation and
economic status.
4. History of his Venture
The origin of Grameen Bank can be traced
back to 1976.
The Grameen Bank Project:
- extend banking facilities to poor people,
eliminate the exploitation of the poor by
money lenders,
- create opportunities for self-employment,
- help disadvantaged women from the
poorest households,
- manage by themselves and allow them to
break out of the cycle of poverty.
5. Impact of his venture
Yunus founded the Grameen Bank with half
the borrower being women.
Today 97 per cent of the 7.5 million
borrowers at the Grameen Bank are women.
The bank plans to provide $176 million
dollars in loans over the next five years,
targeting the 28 million Americans who have
no bank accounts and another 44.7 million
who have limited access to financial
institutions.
6. The End
Team members : Tan Jing Ming, Khant Oo
Maung, Ong Zheng, Samuel, Zhang Xing
Sources:
http://knowledge.insead.edu/csr/social-
entrepreneurship/muhammad-yunus-helping-the-less-privileged-
unleash-their-entrepreneurial-skills-1930
http://www.grameen-
info.org/index.php?option=com_content&task=view&id=19&Itemi
d=114
http://en.wikipedia.org/wiki/Muhammad_Yunus
