Muhammad Yunus is a Bangladeshi social entrepreneur who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. He saw that the poor people in Bangladesh could not access loans while the rich could. In response, he created Grameen Bank in 1976 to provide small loans known as "microloans" to the poor, allowing over 80 million poor people to borrow small amounts of money to start businesses. The success of the Grameen model has inspired similar programs in over 100 countries.

1. Muhammad Yunus

2. Introduction to Muhammad Yunus
•Muhammad Yunus is a social entrepreneur, banker, economist, and civil society
leader.
•He is from Bangladesh.
•Awarded the Nobel Prize for his efforts to create economic and social
developments in a third-world country such as India.
•He aims to help the poor find ways to break out of poverty.

3. Introduction to Muhammad Yunus
•Muhammad Yunus once saw that the poor people in India could not get loans
while the rich could. This impacted him and made him create Grameen bank,
which allows both the poor and the rich to loan money.
•He received the United States Presidential Medal of Freedom in 2009 and the
Congressional Gold Medal in 2010.

4. History and Impact of Muhammad Yunus’ Venture
•He has helped over 80 million poor people in India by giving them loans.
•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.
•In December 1976, Yunus finally secured a loan from the government Janata
bank to lend to the poor in Jobra.
•By July 2007, Grameen had issued US$6.32 billion to 7.4 million borrowers.

5. History and Impact of Muhammad Yunus’ Venture
•The success of the Grameen microfinance model inspired similar efforts in about
100 developing countries and even in developed countries including the United
States.
•His non-profit venture, Grameen Telecom, had brought cell-phone ownership to
260,000 rural poor in over 50,000 villages.
•Professor Yunus is known for fighting to improve the lives of millions of poor
families around the world, which has changed the way economists, academics,
policy makers, and influencers think about the problem.

6. Credits of Sources; Team Names
Pang Ang Sheng Asher, Abhiramarooban Katheresan, Tan Chong Yao
Sources:
1) http://www.financialaccess.org/blog/2015/7/30/what-is-the-impact-of-
muhammad-yunus
2) https://en.wikipedia.org/wiki/Muhammad_Yunus