Dr. Muhammad Yunus
Dr. Muhammad Yunus was born on June 28, 1940. He is the organizer and overseeing chief of Grameen Bank, which spearheaded microcredit. This is a strategy for banking where little credits are given to poor people, generally to ladies, without insurance, for money creating exercises, to assist them with escaping neediness. The third of nine youngsters, Prof Yunus was conceived in the town of Bathua, Chittagong. His dad was Haji Muhammad Dula Mia Shawdagar, a goldsmith, and his mom was Sofia Khatun. In 1944, his family moved to the city of Chittagong, and he learned at Lamabazar Primary School. Afterward, he finished the registration assessment from Chittagong Collegiate School. During his school years, he was a functioning Boy Scout, and headed out to West Pakistan and India in 1952, to Europe, the USA, and Canada in 1955 and to the Philippines and Japan in 1959, to go to Jamborees. In 1957, he took a crack at the Department of Economics at Dhaka University and finished his BA in 1960 and MA in 1961.
Later he was delegated as a speaker in financial matters in Chittagong College in 1961. In 1965, he was offered a Fulbright grant to consider in the United States. He acquired his PhD in financial matters from Vanderbilt University in the US in 1969. From 1969 to 1972, he was an associate teacher of financial aspects at Middle Tennessee State University in Murfreesboro, TN. During the Liberation War of Bangladesh in 1971, Prof Yunus established a Citizen's Committee in Nashville, TN, distributed a pamphlet named Bangladesh Newsletter, and ran the Bangladesh Information Center in Washington DC with different Bangladeshis living in the US, to raise support for the freedom of East Pakistan and anteroom at the US Congress to stop military guide to Pakistan. Motivated by the introduction of Bangladesh in 1971, Prof Yunus came back to that nation in 1972, and joined the Economics Department of University of Chittagong after a concise spell in the Planning Commission. He turned out to be effectively associated with destitution decrease subsequent to watching the starvation of 1974, and set up the Rural Economics Program as a major aspect of the division's scholarly program.
In 1976, during visits to poor family units in the town of Jobra close to Chittagong University, Prof Yunus found that little credits could have a tremendous effect to a needy individual's life. Jobra ladies who made bamboo furniture needed to take out advances at usurious rates for purchasing bamboo, and needed to surrender their benefits to the moneylenders. Stunned by this reality, he loaned $27.00 from his own pocket to 42 individuals in the town to assist them with taking care of their advances to the advance sharks and be free. At the point when he moved toward conventional banks to loan to poor people, he found that they were not intrigued as the poor were not viewed as reliable. Prof Yunus emphatically accepted that, given the opportunity, the poor would reimburse the acquired cash, and that it would assist them with working out of destitution. After numerous endeavors, he at long last prevailing with regards to making sure about a credit line from Janata Bank, offering himself as the underwriter, for his venture to loan to the poor in Jobra in December 1976. On October 2, 1983, the venture was changed over into a completely fledged bank named Grameen Bank (Village Bank), having some expertise in making little advances to poor people. As of May 2008, Grameen Bank (GB) has 7.5-million borrowers, 97% of whom are ladies. With 2 515 branches, GB offers types of assistance in 82 072 towns, covering over 97% of the towns in Bangladesh. It has loaned over $7-billion to needy individuals since its initiation and the reimbursement rate has been close to 100%. All its cash originates from the investors of the bank. Prof Yunus has likewise established various organizations in Bangladesh to address differing issues of neediness and improvement. These incorporate Grameen Phone (a cell phone organization), Grameen Shakti (a vitality organization), Grameen Fund (a social investment organization), Grameen Textile, Grameen Knitwear, Grameen Education, Grameen Agriculture, Grameen Fisheries and Livestock, Grameen Business Promotion, Grameen Danone Foods Ltd, and Grameen Healthcare Services.
In October 2006, Muhammad Yunus was granted the Nobel Peace Prize, alongside Grameen Bank, for their endeavors to make financial and social improvement. He has won various different honors, including the Ramon Magsaysay Award, the World Food Prize and the Sydney Peace Prize. Inside Bangladesh, he has gotten the President's Award (1978), Central Bank Award (1985), and Independence Day Award (1987), the most noteworthy national honor. The Bangladesh government drew out a dedicatory stamp to respect his Nobel grant. Prof Yunus was enlisted as an individual from the Legion d'Honneur by President Chirac of France. In January 2008, Houston, Texas announced January 14 as Muhammad Yunus Day. He is one of the establishing individuals from the Global Elders, led by Nelson Mandela.
Later he was delegated as a speaker in financial matters in Chittagong College in 1961. In 1965, he was offered a Fulbright grant to consider in the United States. He acquired his PhD in financial matters from Vanderbilt University in the US in 1969. From 1969 to 1972, he was an associate teacher of financial aspects at Middle Tennessee State University in Murfreesboro, TN. During the Liberation War of Bangladesh in 1971, Prof Yunus established a Citizen's Committee in Nashville, TN, distributed a pamphlet named Bangladesh Newsletter, and ran the Bangladesh Information Center in Washington DC with different Bangladeshis living in the US, to raise support for the freedom of East Pakistan and anteroom at the US Congress to stop military guide to Pakistan. Motivated by the introduction of Bangladesh in 1971, Prof Yunus came back to that nation in 1972, and joined the Economics Department of University of Chittagong after a concise spell in the Planning Commission. He turned out to be effectively associated with destitution decrease subsequent to watching the starvation of 1974, and set up the Rural Economics Program as a major aspect of the division's scholarly program.
In 1976, during visits to poor family units in the town of Jobra close to Chittagong University, Prof Yunus found that little credits could have a tremendous effect to a needy individual's life. Jobra ladies who made bamboo furniture needed to take out advances at usurious rates for purchasing bamboo, and needed to surrender their benefits to the moneylenders. Stunned by this reality, he loaned $27.00 from his own pocket to 42 individuals in the town to assist them with taking care of their advances to the advance sharks and be free. At the point when he moved toward conventional banks to loan to poor people, he found that they were not intrigued as the poor were not viewed as reliable. Prof Yunus emphatically accepted that, given the opportunity, the poor would reimburse the acquired cash, and that it would assist them with working out of destitution. After numerous endeavors, he at long last prevailing with regards to making sure about a credit line from Janata Bank, offering himself as the underwriter, for his venture to loan to the poor in Jobra in December 1976. On October 2, 1983, the venture was changed over into a completely fledged bank named Grameen Bank (Village Bank), having some expertise in making little advances to poor people. As of May 2008, Grameen Bank (GB) has 7.5-million borrowers, 97% of whom are ladies. With 2 515 branches, GB offers types of assistance in 82 072 towns, covering over 97% of the towns in Bangladesh. It has loaned over $7-billion to needy individuals since its initiation and the reimbursement rate has been close to 100%. All its cash originates from the investors of the bank. Prof Yunus has likewise established various organizations in Bangladesh to address differing issues of neediness and improvement. These incorporate Grameen Phone (a cell phone organization), Grameen Shakti (a vitality organization), Grameen Fund (a social investment organization), Grameen Textile, Grameen Knitwear, Grameen Education, Grameen Agriculture, Grameen Fisheries and Livestock, Grameen Business Promotion, Grameen Danone Foods Ltd, and Grameen Healthcare Services.
In October 2006, Muhammad Yunus was granted the Nobel Peace Prize, alongside Grameen Bank, for their endeavors to make financial and social improvement. He has won various different honors, including the Ramon Magsaysay Award, the World Food Prize and the Sydney Peace Prize. Inside Bangladesh, he has gotten the President's Award (1978), Central Bank Award (1985), and Independence Day Award (1987), the most noteworthy national honor. The Bangladesh government drew out a dedicatory stamp to respect his Nobel grant. Prof Yunus was enlisted as an individual from the Legion d'Honneur by President Chirac of France. In January 2008, Houston, Texas announced January 14 as Muhammad Yunus Day. He is one of the establishing individuals from the Global Elders, led by Nelson Mandela.
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