Dr. Muhammad Yunus is a Bangladeshi economist who pioneered microcredit and founded the Grameen Bank in 1983. He grew up in a village in Bangladesh and received degrees from universities in Bangladesh and the United States. While working as a professor, he began lending small amounts of money to poor villagers which had an outsized impact on their lives and businesses. This led to the founding of Grameen Bank which provides small loans known as microcredit to rural poor in Bangladesh, especially women, to help them engage in entrepreneurship and lift themselves out of poverty. For his work in microfinance, Yunus received the Nobel Peace Prize in 2006.
Entrepreneurial power and Socio-Economic policies shown by Mr. Yunus. His step to change the cycle of poverty is extremely successful. A micro-created system changed the way lending for poor.
Entrepreneurial power and Socio-Economic policies shown by Mr. Yunus. His step to change the cycle of poverty is extremely successful. A micro-created system changed the way lending for poor.
Bank Of Baroda , Third largest Public Sector bank in India,
after State Bank of India and Punjab National Bank
Founded in 1908
Headquartered at Baroda
It has total of 3159 branches including 70 overseas
Has a total staff of 38063
CMD of BOB is M.D.Mallaya
Bank Of Baroda , Third largest Public Sector bank in India,
after State Bank of India and Punjab National Bank
Founded in 1908
Headquartered at Baroda
It has total of 3159 branches including 70 overseas
Has a total staff of 38063
CMD of BOB is M.D.Mallaya
Role of micro credit in poverty alleviationguest8b8cd892
Â
Executive Summary
The study tries to look at the impact of micro credit on the lives of the poor people. There are different views on micro credit as a powerful development tool regarding its success in developing the lives of the poor and some times these views are contradictory. However poverty is a global issue; it is a problem that even the wealthiest nation is facing. In this scenario country like Pakistan is facing a great challenge to alleviate or reduce poverty because poverty is becoming cause of many problems like suicides, illiteracy, unemployment, diseases like depression, stress etc. In order to control these diseases first we have to control poverty. At government level and also at international level many strategies are made every day to control poverty. But now Dr. Younis gave a formula of micro credit that successfully worked in Bangladesh and is now replicated all over the world and also in Pakistan so; the purpose of the study was to observe that what role micro credit plays in Pakistan in poverty alleviation.
The study was conducted in four urban slum areas of Rawal pindi and Islamabad that are Muslim Colony, Dhok Kala Khan, Tehmaspabad and Shakrial. Those people are targeted who have taken micro credit so that the comparison of living standard before and after use of micro credit can be made and hence it can be seen that, if there is any improvement in their living standard after using micro credit or not. The study was based on questionnaires which were distributed after translating it into Urdu so that respondents can easily understand it and fill it accordingly. Sample for this survey was 200 with 50 respondents per area. The dependent variable taken in this study is poverty reduction where as independent variable is micro credit and moderating variable is political environment.
Some of the factors that show poverty reduction are Training and education, clean water and hygienic environment, nutrition and adequate food, accommodation, income and savings.
Overall we can say that training and education, clean water and hygienic environment, nutrition and adequate food, accommodation, income and savings are important factors of poverty reduction. Because when a person has training and education he can improve his living standard, if a person has clean drinking water and adequate food he will be healthy and can earn in a better way for his family, if his accommodation is better and enough for family members and strong enough for natural disasters he can live in a better way. And obviously if his earning is good and enough for family he can also provide recreational activities to his children and can also afford uncertain expenses such as sudden guest etc and can also do savings for future, then all these things points towards a good life, a life with a good living standard and a life above poverty line. So; all above mentioned factors plays an important role in poverty reduction.
From data analysis it is concluded that the micro credit program is effective in giving un employed people employment such as taxi driver, shop keeper etc and to meet short term needs such as return debt taken from some one else, paying fee, operation, treatment of disease etc. Mostly borrowers of Muslim colony, Dhok Kala Khan, Shakrial and Tehmaspabad have used micro credit to purchase taxi, sewing machine and opening small shop and improving accommodation.
But micro credit system is not the perfect one; it is not a replacement for jobs that are not there and skills that do not exist. Important thing is to make them financially stable, to bring them out of the poverty line and to make them able to sustain their position and improve living condition instead of returning back to the poverty line. It can be done in this way that micro credit institutions can make contract with driving centers that can giving training to those people who don’t know driving on half rate, contracts with boutiques can be made, contracts wit
Addressing unemployment Through Entrepreneurshipwellingtonoboh
Â
A sneak peak at the unemployment index in three developing countries and emerging democracies; with entrepreneurship as a sustainable way to boost the economy and create jobs.
How to Build a Diversified Investment Portfolio.pdfTrims Creators
Â
Building a diversified investment portfolio is a fundamental strategy to manage risk and optimize returns. For both novice and experienced investors, diversification offers a pathway to a more stable and resilient financial future. Here’s an in-depth guide on how to create and maintain a well-diversified investment portfolio.
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
Â
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
Textile Chemical Brochure - Tradeasia (1).pdfjeffmilton96
Â
Explore Tradeasia’s brochure for eco-friendly textile chemicals. Enhance your textile production with high-quality, sustainable solutions for superior fabric quality.
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
3. BASIC INFORMATION
 Dr. Muhammad Yunus is a Bangladeshi social
entrepreneur, banker, economist and civil social
leader who was awarded the Nobel peace prize
for founding the Grameen Bank and pioneering
the concept of microcredit and Microfinance.
 Professor Muhammad Yunus is the recipient of
more than 50 honorary degrees from universities
across 20 countries. He has received 112 awards
from 26 countries including state honours from 10
countries.
4. EARLY LIFE & EDUCATION
 Muhammad Yunus was born in 28th June, 1940 in the village
of Bathua, in Hathazari, Chittagong. He was the third of 14
children. 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 1944, his family moved to
the city of Chittagong and he moved from his village school to
Chittagong Collegiate School from where he passed his S.S.C.
He completed his H.S.C from Chittagong College. In 1957, he
enrolled in the Department of Economics at Dhaka University
and completed his BA in 1960 and MA in 1961.
5. CAREER
 After his graduation, Yunus joined the Bureau of
Economics as a research assistant. Later, he was
appointed lecturer in economics in Chittagong College in
1961. From 1969 to 1972, Yunus was assistant professor
of economics at Middle Tennessee State University in
Murfreesboro. After 1972 he joined as a professor of
economics at Chittagong University. Yunus discovered
that very small loans could make a disproportionate
difference to a poor person. Yunus lent US$27 of his
money to 42 women in the village, who made a profit of
BDT 0.50 (US$0.02) each on the loan.
6. Thus Yunus is credited with the idea of microcredit alongside
Dr. Akhtar Hameed Khan, founder of the Pakistan Academy
for Rural Development (now Bangladesh Academy for Rural
Development), whom Yunus greatly admired In December
1976, Yunus finally secured a loan from the government
Janata Bank to lend to the poor in Jobra. The institution
continued to operate, securing loans from other banks for its
projects. By 1982, it had 28,000 members. On 1 October
1983, the pilot project began operation as a full-fledged bank
for poor Bangladeshis and was renamed Grameen
Bank("Village Bank").
7. GRAMEEN BANK AT A GLANCE
The Grameen Bank is a Nobel Peace
Prize winning microfinance organization
and community development bank
founded in Bangladesh. It gives small
loans(known as microcredit) to the rural
poor people to remove the unemployment by
doing small businesses and for making them
self-independent. Grameen Bank, the pioneering institution
in the field of poverty finance is now serving 2.6 million
borrowers with 95% as women. All it clients at the time of
their first loans were among the poorest. Given the access to
credit, they have an enabling environment to strive for better
life to cross poverty line and to continue to improve.
8.  Founded in 1983.
 Grameen bank
has 2565 branches.
 It works in
81379 villages.
 Net income
10.76 million USD.
 Total staff is 22149.
 Total assets
125,396,957,972 Taka.
11. LEGACY & HONOR
 In 2006, awarded Noble Peace Prize for his finance work.
 Chosen by Wharton School Of Business in Philadelphia as
one of The 25 Most Influential Business Persons of the Past
25 Years, covered in a PBS documentary.
 In 2006, Times magazine ranked him as one of the top 12
business leaders, including him among "60 years of Asian
Heroes."
 In 2008, Yunus was voted 2nd on the list of Top 100 Public
Intelectual an open online poll conducted by Prospect
Magazine(UK) and Foreign(United States).
 In 2009, Yunus was awarded the Golden Biatec Award, the
highest award bestowed by Slovakia’s Informal Economic
Forum Economic Club, for individuals who exhibit economic,
social, scientific, educational and cultural accomplishments in
the Slovak Republic.
12. IN 2006, PROFESSOR MUHAMMAD YUNUS
AWARDED NOBLE PEACE PRIZE FOR HIS
FINANCE WORK.
13. PRESIDENT BARACK OBAMA PRESENTS THE
2009 PRESIDENTIAL MEDAL OF FREEDOM TO
MUHAMMAD YUNUS.
14. MUHAMMAD YUNUS AT THE ANNUAL MEETING
2009 OF THEWORLD ECONOMIC FORUM IN DAVOS,
SWITZERLAND.
15. In 2013 Professor Muhammad Yunus featured in the Forbes’
Second Annual Philanthropy issue cover along with Bill Gates
& others entrepreneurs.
16. BOOKS OF DR.YUNUS
 Three Farmers of Jobra.
 Jorimon and Others.
 Grameen Bank, as I See it.
 Banker to the Poor.
 Creating a World without Poverty.