Dr. Muhammad Yunus.

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PRESENTATION TOPICS

Dr. Muhammad Yunus. (Pioneer of microcredit)

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.

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.

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.

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").

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.

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.

PICTURE OF BANKING ACTIVITY

MUHAMMAD YUNUS WITH BORROWERS

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.

IN 2006, PROFESSOR MUHAMMAD YUNUS AWARDED NOBLE PEACE PRIZE FOR HIS FINANCE WORK.

PRESIDENT BARACK OBAMA PRESENTS THE 2009 PRESIDENTIAL MEDAL OF FREEDOM TO MUHAMMAD YUNUS.

MUHAMMAD YUNUS AT THE ANNUAL MEETING 2009 OF THE WORLD ECONOMIC FORUM IN DAVOS, SWITZERLAND.

In 2013 Professor Muhammad Yunus featured in the Forbes’ Second Annual Philanthropy issue cover along with Bill Gates & others entrepreneurs.

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.

Thank You