2. - 78 Years Old
- Born 28 June 1940, Chittagong, Bangladesh
- Received the Nobel Peace Prize
- Studied in Dhaka University
- PhD in Economics
- Founder of Grameen Bank
Mr Muhummad Yunus
3. His motivation
- When Bangladesh suffered a famine in 1974, he felt that he had to do something
more for the poor beyond simply teaching.
- He decided to give long-term loans to people who wanted to start their own small
enterprises.
- -According to Yunus, poverty means being deprived of all human value. He regards
micro-credit both as a human right and as an effective means of emerging from
poverty: Lend the poor money in amounts which suit them, teach them a few basic
financial principles, and they generally manage on their own
4. About his organisation: Grameen Bank
● Grameen Bank is a banking system completely based on trust,
accountability, participation and creativity
● They provide credit with no collateral, allowing the less fortunate people
in Bangladesh to build back their lives using the loan.
● As of December, 2017, it has 8.93 million borrowers, 97 percent of whom
are women. With 2,568 branches, GB provides services in 81,400 villages,
covering more than 97 percent of the total villages in Bangladesh.
● Mr Muhummad’s Nobel Lecture :
https://nobelmedia.akamaized.net/flashcontent/lecture_2006_pea_yunu
s_01_496.mp4
