New delhi the nobel peace prize was awarded friday to the grameen bank of bangladesh and its founder, muhammad yunus, for pioneering work in pulling millions of women out of poverty through small loans. Dr yunus improved his home country of bangladesh by founding the grameen bank and the bank of the villages dr yunus has helped millions of bengali women escape the endless cycle of debt. Muhammad yunus (bengali: মুহাম্মদ ইউনূস born 28 june 1940) is a bangladeshi social entrepreneur, banker, economist, and civil society leader who was awarded the nobel peace prize for founding the grameen bank and pioneering the concepts of microcredit and microfinance.
Grameen bank 7,920 likes the grameen bank is a microfinance organisation and community development bank founded in bangladesh it makes small loans to. Grameen bank (bengali: গ্রামীণ বাংক) is a microfinance organisation and community development bank founded in bangladeshit makes small loans (known as microcredit or grameencredit) to the impoverished without requiring collateral. Muhammad yunus, the bangladeshi economist, widely known as the father of microfinance founded the grameen bank to make small loans to the poor in bangladesh dr yunus was greatly influenced by his mother who was known to never turn away anyone in need.
The founder of the grameen bank in bangladesh, yunus and grameen were jointly awarded the nobel peace prize in 2006 this is a longer, edited transcript of the broadcast interview now: you said. The 2006 nobel peace prize was awarded today to the grameen bank of bangladesh and its founder, muhammad yunus, for pioneering microcredit — using loans of tiny amounts to transform destitute. Muhammad yunus is grameen founder he was born on 28th june, 1940 in the village of bathua , chittagong, the business centre of what was then eastern bengal he was the 3rd of 14 children of whom five died in infancy. Grameen bank maintains its own regulation system outside the purview of the central bank of bangladesh and relies heavily on social pressure among the group members to keep default rates low. Muhammad yunus recipient of the 2006 nobel peace prize, professor muhammad yunus is internationally recognized for his work in poverty alleviation and the empowerment of poor women professor yunus has successfully melded capitalism with social responsibility to create the grameen bank, a microcredit institution committed to providing small amounts of working capital to the poor for self-employment.
Muhammad yunus, grameen bank founder, discusses his banking philosophy designed to end poverty grameen bank founder muhammad yunus on ending poverty bloomberg daybreak: americas inspire go. Professor muhammad yunus, founder of grameen bank and nobel peace prize laureate, has been instrumental in lifting people worldwide out of poverty with the pioneering use of microcredit - supporting income generating activities by lending small amounts without collateral to the poor. Muhammad yunus, founder and managing director of bangladesh's grameen bank, was the guest speaker at wharton's mba commencement on may 17 and the recipient of an honorary doctor of laws degree during the university of pennsylvania's commencement on may 18.
Grameen bank, how muhammad yunus inspires the world to solve poverty written by gatot haryadi introduction poverty is number one of the world problem united nation set end poverty and hunger as number one in millennium development goal that should achieve in 2015. Grameen bank - bank for the poor , who have small business grameen founder is nobel laureate professor muhammad yunus. But nobel peace prize winner muhammad yunus is doing exactly that as founder of grameen bank, yunus pioneered microcredit, the innovative banking program that provides poor people mainly women with small loans they use to launch businesses and lift their families out of poverty. Muhammad yunus is that rare thing: a bona fide visionary his dream is the total eradication of poverty from the world in 1983, against the advice of banking and government officials, yunus established grameen, a bank devoted to providing the poorest of bangladesh with minuscule loans.
Crown princess mette-marit and crown prince haakon of norway, nobel peace prize laureate muhammad yunus, mosammat taslima begum (representing grameen bank), and their majesties king harald v and queen sonja of norway at oslo city hall, 10 december 2006. The grameen bank was started 1976 when professor muhammad yunus, a fulbright scholar and professor at university of chittagong, researched how to provide banking for the rural poor. Statement of nobel laureate professor muhammad yunus on the occasion of supreme court verdict on may 5, 2011 regarding his removal from grameen bank professor yunus voiced his concern after revelations surfaced surrounding violence against employee leaders of the bank.
By establishing grameen bank in 1983, muhammad yunus sought to realise his vision of self-support for the very poorest people by means of loans on easy terms the bank has since been a source of inspiration for similar microcredit institutions in over one hundred countries. The pioneering yunus founded grameen bank in 1976, inspired by the idea that credit is a basic human right in his quest to help end the struggles of the poor by making fair loans to those lacking. On poverty, yunus continues to stay the course and flourish as managing director at grameen this article looks at the leadership and management style of muhammad yunus and explores what can be learned about leading long-term change from his forty years at the grameen bank.
A bank for the poor grameen bank and prof muhammad yunus win nobel prize 2006 disbursed collateral free loan of $ 24 billion to around 9 million borrowers. Professor muhammad yunus has setup an example for generations to come, about social entrepreneurship by setting up grameen bank author of banker to the poor also wrote another book creating a world without poverty.