About Muhammad Yunus:
Muhammad Yunus is a Bangladeshi market analyst and investor who set up the Grameen Bank in his nation in 1983. The Grameen Bank and Yunus were together granted the Nobel Peace Prize in 2006 “for their endeavors to make monetary and social advancement from underneath.” As an educator of Economics, Muhammad Yunus contemplated the expected standards of account and credit in his nation, which kept the low business visionaries from fitting the bill for bank advances, subsequently denying them the opportunity to beat their neediness.
He began by giving individual credits of especially little or “little” adds up to blue bushel weavers to help themselves. The foundation of the Grameen Bank in 1983 was the indication of his yearning to help poverty-stricken individuals. A few different banks demonstrated on the Grameen Bank plan of action work in more than 100 nations. Yunus had consistently been keen on social issues.
Indeed, even while he was in the U.S, he took a functioning interest in his country of origin’s government assistance. He ran the Bangladesh Information Center to raise uphold for freedom during the Bangladesh Liberation War in 1971. He got inspired by neediness decrease techniques after starvation struck Bangladesh in 1974. He is a member of the United Nations Foundation board and has won numerous awards for his endeavors.
Adolescence and Early Life:
Muhammad Yunus was brought into the world in Chittagong as the third of 14 kids. His dad, Hazi Dula Mia Shoudagar, was an effective goldsmith, and his mom, Sufia Khatun, was a caring woman who consistently helped poor people. Five of his kin passed on in the earliest stages. As a kid, he went to the town school, later moving to Lamabazar Primary School, Chittagong. He finished his registration assessment from Chittagong Collegiate School.
He went to Chittagong College, where he effectively took an interest in social exercises. He later joined Dhaka University, from where he finished his B. A and M.A. In the wake of getting a Fulbright Scholarship to concentrate in the U.S, he enlisted at Vanderbilt University and acquired his Ph.D. in financial matters in 1971.
While pursuing his Ph.D. within the U.S, he labored as Assistant Professor of Economics at Center Tennessee State College, Tennessee, from 1969 to 1972. Upon returning to Bangladesh, he was appointed because of the Normal Economics Division’s Deputy Chief within the Authorities’ Planning Fee in July 1972. Nonetheless, he discovered the job boring and resigned within a few months in September, the identical yr. He joined the Chittagong College as an Affiliate Professor of Economics and later grew to become Head of the Division of Economics.
In 1975, he was made Director of the Rural Economics Programme, a job he held until 1989. Whereas working at Chittagong College, he additionally began his work on establishing the Grameen Financial institution. In 1976, he began lending tiny quantities to the poor, and in 1983 what had started as a pilot venture began working as a full-fledged financial institution, the Grameen financial institution with Yunus, because of the Managing Director. He has additionally authored several books together with ‘Banker to the Poor’ and ‘Making a World without Poverty.’
The concept for Grameen Financial institution originated in Yunus’s thoughts, whereas conducting an analysis program within the 1970s for designing a banking system might help the poor overcome their poverty. Initially, he began by personally lending small quantities of cash to the poor in Jobra village in 1976. Then he sought help from the Central Bangladesh Financial institution to increase micro-credit amenities to different locations as nicely. The venture was immensely profitable. In 1983, the Grameen Financial institution was formally included by a Bangladeshi authorities ordinance.
The financial institution additionally obtained assistance in the type of a grant from the Ford Basis. Yunus’s goal of establishing the financial institution was to make accessible small loans to the poor at affordable charges to encourage self-employment alternatives that might help the low use their expertise and produce positive economic factors. It has been estimated that 97% of the debtors from Grameen Financial institution are girls. Over time, the Grameen Financial institution has grown to embody over two dozen enterprises, all devoted to society’s betterment. These incorporate Grameen Belief, Grameen Fund, Grameen Telecom, Grameen Shakti, and so on.
Awards & Achievements:
Yunus received the Ramon Magsaysay Award in 1984 within the subject of “Group Management” for “Enabling the neediest rural women and men to make themselves productive with the sound group managed credit score.” The Independence Day Award, the best civilian nationwide award of Bangladesh, was bestowed upon him in 1987 for his rural growth’s excellent contribution. He obtained the 1993 Humanitarian Award by CARE, U.S, for his function in offering a “uniquely pragmatic and effective income-generating ring poor men and women to embark on revenue-producing actions.”
He was awarded World Meals Prize in 1994 by the World Meals Prize Basis, U.S.A for “his unique method to selling the financial and social empowerment, of the poorest residents of Bangladesh, particularly ladies and kids.” Yunus and Grameen Financial institution had been collectively awarded the Nobel Peace Prize in 2006 “for his or her efforts to create financial and social growth from under.”
Private Life and Legacy:
Vera Forostenko, a Russian writing researcher, was wedded in 1970; they had one girl and separated rapidly after her start. Right now, he’s hitched to Afrozi Yunus, a material science educator. He has one girl from his subsequent marriage.
He was made to wander down because of the Grameen Monetary establishment by the Bangladesh specialists in 2011 due to his impelling age. He is the principal Bangladeshi to have acquired the Nobel Prize. He has acquired bigger than 100 overall honors from 26 general zones. In Houston, Texas, 14 January has been pronounced as “Muhammad Yunus Day” in his honor.
|Biography and Wiki|
|Full Name||Muhammad Yunus|
|Birthday||June 28, 1940|
|Age:||80 Years, 80 Year Old Males|
|Education||Vanderbilt University, Chittagong University, University Of Dhaka, Chittagong College|
|Family and Relatives|
|Spouse/Ex||Vera Forostenko (M. 1970–1979)|
|Father||Hazi Dula Mia Shoudagar|
|Siblings||Muhammad Ibrahim Yunus, Muhammad Jahangir Yunus|
|Children||Deena Afroz Yunus, Monica Yunus|
|Awards & Achievements|
|1984||Ramon Magsaysay Award|
|1985||Bangladesh Bank Award|
|1987||Shwadhinota Dibosh Puroshkar|
|1989||Aga Khan Award For Architecture|
|1993||CARE Humanitarian Award|
|1994||World Food Prize|
|1995||Max Schmidheiny Freedom Prize|
|1996||UNESCO Simón Bolívar Prize|
|1998||Indira Gandhi Prize|
|1998||Prince Of Asturias Award|
|1998||Sydney Peace Prize|
|2001||Fukuoka Asian Culture Prize|
|2004||The Volvo Environment Prize|
|2004||The Economist The Newspaper's Prize For Social And Economic Innovation|
|2006||Mother Teresa Award Instituted|
|2006||Freedom From Want Award|
|2006||ITU World Information Society Award|
|2006||Seoul Peace Prize|
|2006||Nobel Peace Prize|
|2007||The Nichols-Chancellor's Medal Awarded By Vanderbilt University|
|2007||Order Of The Liberator In First Class|
|2009||The Dwight D. Eisenhower Award For Leadership And Service|
|2009||Presidential Medal Of Freedom|
|2010||Congressional Gold Medal|