Muhammad Yunus is a social entrepreneur from Bangladesh who pioneered microcredit and microfinance through Grameen Bank. After observing how high interest rates trapped poor villagers in cycles of poverty, Yunus provided small, low-interest "micro-loans" directly to the poor. In 1983, he formed Grameen Bank based on principles of trust and solidarity between borrowers. Today, Grameen Bank has over 8 million borrowers in Bangladesh, with a 97% loan repayment rate. Yunus and Grameen Bank were awarded the 2006 Nobel Peace Prize for their efforts to create economic and social development through microcredit.

1. First and the Finest Presents

2. What is Social Entrepreneurship?
Organise, create and manage
a social venture to achieve a
desired social change.
Measures positive returns to
society.
The aim of social
entrepreneurship is to
further increase social,
cultural, and environmental
goals.
Builds capital through
initiative

3. Who is he?
Muhammad Yunus is a Social Entrepreneur,
Bangladeshi banker, economist and Nobel Peace Prize
recipient.
 He was a professor of economics where he developed
the concepts of microcredit and microfinance.
In 2006 Yunus and Grameen received the Nobel
Peace Prize for their efforts to create economic and
social development from below. Yunus himself has
received several other national and international
honors.

4. Inspiration
They interviewed a woman from a poor village who made
bamboo stools, and learnt that she had to borrow the
equivalent of 15p to buy raw bamboo for each stool made.
After repaying the middleman, sometimes at rates as high
as 10% a week, she was left with a penny profit margin.
 She would have been able to amass an economic cushion
and raise herself above subsistence level if he had
borrowed at a more advantageous rates.

5. The start of Micro-Loans
Realizing that there must be something terribly
wrong with the economics he was teaching, Yunus
took matters into his own hands. He found that it was
possible with this tiny amount not only to help them
survive, but also to create the spark of personal
initiative and enterprise necessary to pull themselves
out of poverty. Yunus then carried on giving out
'micro-loans‘.

6. What are Micro-Loans
Extension of small loans to let them to have at least a
shelter, food to ease their hunger, and water to ease
their thirst.

7. His strive towards success
In 1983 , he formed the Grameen Bank, founded on
principles of trust and solidarity.
In Bangladesh today, Grameen has 2,564 branches,
with 19,800 staff serving 8.29 million borrowers in
81,367 villages. Grameen collects an average of $1.5
million in weekly installments and over 97% of the
loans are paid back .
Grameen methods are applied in projects in 58
countries, including the US, Canada, France, The
Netherlands and Norway.

8. Our thoughts...
We think that he is a big help to society as he has
helped thousands of people who are trapped in
“Poverty” to get out of it .
He is a hero .
Although he had ups and downs in the process of
helping people but he still pull it off in the end as he
strived, work hard and persevere for this success.
“Pain and hard work =SUCCESS”

10. Done By : First and the Finest
Lcp Tan Jin Kang
Lcp Paulo Rogero
Cpl Ye Jun Jie