This document provides a biography of Muhammad Yunus, founder of Grameen Bank. It outlines that he was born in 1940 in Bangladesh and received his PhD in economics from Vanderbilt University. In 1983, he founded Grameen Bank to provide microloans to the poor, especially women, in rural Bangladesh. Grameen Bank has grown significantly and now has over 2,500 branches serving millions of borrowers. Yunus received the Nobel Peace Prize in 2006 for his work in microfinance and efforts to alleviate poverty.

1. Ahsanullah University of Science and Technology
BBA Program.
3rd Year 2nd Semester.
Course No: BBA-325
Course Name: Entrepreneurship Development & Small Business Management

2. Introduction
Early Life
Education
Early Career
Grameen Bank at a Glance
Goals
Legacy and Honors
Business Growth
Future Plan
Conclusion
SUMMARY

3. INTRODUCTION
Worldwide known for work in microcredit and
microfinance
 A great economist
 An excellent civil society leader
 A successful entrepreneur
A great Banker
An Inspiring Teacher

4. EARLY LIFE
Born on 28th June,1940 in Chittagong
Parents - Hazi Dula Mia Shoudagar , Sufia Khatun
Spouse – Afrozi Yunus
Daughter- deena afrozi yunus

5. EDUCATION
Studied at Lamabazar Primary School in 1944
Passed matriculation exam from Chittagong Collegiate School
Later studied at Chittagong College
Enrolled in the department of Economics at Dhaka University in
1957
Completed BA in 1960 and MA in 1961
Obtained PhD in economics from Vanderbilt University

6. EARLY CAREER
 Appointed as lecturer of economics in Chittagong college in 1961
 Joined Bureau of Economics as a research assistant
 was an assistant professor of economics at Middle Tennessee State University in
Murfreesboro from 1969-1972
 Returned to Bangladesh and joined Chittagong University as head of the
economics department
 Involved in poverty reduction and established rural economical program after
observing the famine of 1974
 Developed a Nabajug (new era) Tenhaga Khamar (3 share farm) in 1975
 Secured a loan for the government Janata Bank
 Pilot project began for poor Bangladeshis and named as Grameen Bank on 1st
October,1983
 Grammen issued USD $6.38 billion to 7.4 million borrowers by July 2007
 Started to diversify by attending underutilized fishing ponds and irrigation pumps in
late 80’s
 In 1989 fisheries projects like Grameen motsho and Grameen Krishi begain

7. GRAMEEN BANK AT
A GLANCE
 Founded in 1983
 Has 2568 branches (2018)
 Works in 81379 villages
 Net income US $9.7 million
 Total asset 1245.4 billion (2010)
 Operating income US $110 million (2010)
 Revenue US $160 million (2010)
 Total staff 20138 (2018)

8. ACTIVITIES OF GRAMEEN BANK

9. GOALS
 Extends banking facilities to poor men and women
Eliminates the exploitation of the poor by money lenders
Creates opportunities for self-employment for the people in rural
Bangladesh
Bring the disadvantaged, mostly the women from the poorest
household within the fold of an organizational format which they can
understand and manage by themselves.
Reverse the age old vicious circle of “low income, injection of credit,
investment, more income more savings”.

10. LEGACY AND HONORS
Got Ramon Magsaysay Award in 1984
Received Independence Day Award in in 1987
Accepted Aga Khan Award for architecture in 1989
Received World Food Prize in 1994
Received Gandhi Peace Prize in 2000
Received Volvo Environment Prize in 2003
Awarded NOBEL PEACE PRIZE for finance work in 2006

11. GETTING NOBEL PRIZE FOR PEACE

12. PRESIDENTI
AL MEDAL
OF FREEDOM
Awarded the highest
civilian honor the
“Presidential Medal of
Freedom” by American
president Barack
Obama for contribution
in the world peace

13. Ranked as one of the top business leaders by Time Magazine in
2006
Awarded Golden Biatec Award in 2009
Given the Presidential Medal of Freedom by Barak Obama in
2009
Received The Social Entrepreneur of the Year Award in 2010
Received Congressional Gold Medal in 2010

14. BUSINESS GROWTH
The Bank has been distributing dividends among its shareholders
since 2006.
Before that it could not pay dividends because of the central bank
instructed to keep the profit in its disaster fund.
Paid 62 lakh shareholders 30% annual dividends in 2008.
The government received total of tk 25 crore against 20 crore of
investment from grameenbank in 20016
 Grameen Bank Officials said the new pay-scale encouraged the
employees to put in more effort in lending and recovering loans.
The Head office undertook month-based activities from first month of
the year in 2017.

15. STATISTICAL GROWTH OF GRAMEEN
BANK

16. FUTURE PLAN
Wants to Improve the structure of giving loans to the people of rural
areas
Wants to Educate children and ensure their earning capability
Wants to give larger loans to the borrowers specially women
To make Bangladesh a zero poverty and zero unemployment country
Wants to share his idea of social business around the world
Has a plan on taking courses on social business at university almost
all over the world

17. ENTREPRENEURSHIP CAN SAVE THE
WORLD

18. CONCLUSION
Because of Grameen Bank the people of rural areas are living a better
life, specially women
From the whole discussion we saw that how Yunus managed to come
to this position. He has faced many difficulties but he did not give up.
He has set an example for us to see that we all can do something to
bring a change in society.