Skip to main content

Yunus, the Guru of microcredit



Muhammad Yunus is the proud of Bangladesh. He is also personality of proud of South Asia and the whole of the world. He is mostly known as Dr. Yunus or Professor Yunus in Bangladesh, a South Asian country. Now, his name is echoed with Grameen Bank, a Bank built for poor, made for poor, maintained for poor and worked for poor by him & his initiative.

Mr. Yunus born on 28th June in 1940. He was mainly a university professor in Bangladesh. Though, he is now mostly known as a Bangladeshi banker. He is also known as an economist and Nobel Peace Prize winner.

He previously was a professor of economics at Chittagong University in Bangladesh where he developed the concepts of microcredit and microfinance. He has become mentor for Grameen (Rural) Development in Bangladesh as well as in the world. Microcredit and microfinance are the loans given to entrepreneurs too poor to qualify for traditional bank loans.

In 2006, Yunus and Grameen received the Nobel Peace Prize "for their efforts through microcredit to create economic and social development from below". Yunus himself has received several other national and international honors.

In 2012, he was installed Chancellor of Glasgow Caledonian University in Scotland, serving in this capacity as the university's titular head. He is also a member of advisory board at Shahjalal University of Science and Technology.  He is the author of Banker to the Poor and two books on Social Business Models and a founding board member of Grameen America and Grameen Foundation. Grameen Intel is just one of hundreds of public and private partnerships now mediated through Youth & Yunus.

In early 2007 Yunus showed interest in launching a political party in Bangladesh named Nagorik Shakti (Citizen Power), but later discarded the plan. He is one of the founding members of Global Elders.

Yunus also serves on the board of directors of the United Nations Foundation, a public charity created in 1998 with entrepreneur and philanthropist Ted Turner’s historic $1 billion gift to support UN causes. The UN Foundation builds and implements public-private partnerships to address the world’s most pressing problems, and broadens support for the UN.

In March 2011, after months of government attack, the Bangladesh government controversially and  fired Yunus from his position at Grameen Bank. The Bangladesh government took the decision even avoiding the people's mandate, criticism, opinion, and even influencing of much talked pro-government Supreme Court of country. The government also tried to show cause before the world and people of Bangladesh citing legal violations and an age limit on his position. Yunus and Grameen Bank are appealing the decision, claiming Yunus' removal was politically motivated.

Professor Yunus was chosen by Wharton School of Business for PBS documentary, as one of 'The 25 Most Influential Business Persons of the Past 25 Years'. In 2006, Time magazine listed him under "60 years of Asian Heroes" as one of the top 12 business leaders. In 2008, in an open online poll, Yunus was voted the 2nd topmost intellectual person in the world on the list of Top 100 Public Intellectuals by Prospect Magazine (UK) and Foreign Policy (United States).


Younus in Brief: 
Born: 28 June 1940 (age 72) at Chittagong,  Bangladesh (A South Asian country).
Nationality: Bangladeshi
Institution: Chittagong University, Shahjalal University of Science and Technology, Middle Tennessee State University Glasgow, Caledonian University
Field: Microcredit, Welfare economics, Ethics
Contributions: Grameen Bank, Microcredit, Microfinance, Social Business. 
Awards: Independence Day Award (1987), World Food Prize (1994), Nobel Peace Prize (2006), Presidential Medal of Freedom (2009), Congressional Gold Medal (2010).

Comments

Popular posts from this blog

Bangladesh Stock Market loses BDT 850 Billion

A total of Tk 85,000 crore have been channeled out through the Bangladesh Share Market within the last 30 working days, sources said. The General Index was 8918 points on December 5, 2010 and it labelled down at 6312 point on January 20, 2011.  The amount siphoned off during the last six month specially was very preplanned sources added. Total market capital was Tk 3,68,000 Crore (Tk 3680 Billion) on December 5, 2010 which now collapsed to Tk 2,83,000 Crore (Tk 2830 Billion) on January 20, 2011. Total Capital reduces of Tk 85,000 Crore (850 Billion), which amount is channeled out by the Market Makers in the last one month, sources said. 

World astonishes at the ever brilliant rescue operation of Chile

Millions of people of the world astonished at the heart-throbbing rescue scene happened  in  South American Country Chile and telecasted live in the world media. The question people can live without oxygen! Now it is proven in Chile. No artist can accomplish the act even in any cinema or serial. No fictionist can imagine and no director can think. It happens. It happened across 69 days that is 4140 hours over the 24 hours everyday on this earth. Chile is a coastal country located in the southwest region of South America, Chile has an area of 756,950 square kilometers (292,258 square miles) and a total coastline of 6,435 kilometers (3,998 miles). Chile shares its northern border with Peru and its eastern border with Bolivia and Argentina. Comparatively, the area occupied by Chile is nearly twice the size of California. Chile's capital city, Santiago, is located at the country's latitudinal mid-point. However, Chileans made Thursday a record-s