Muhammad Yunus
Muhammad Yunus
Muhammad Yunusis 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. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. In 2006, Yunus and the Grameen Bank were jointly awarded the Nobel Peace Prize "for their efforts through microcredit to create economic and social development from below". The Norwegian Nobel Committee said that "lasting...
ProfessionEntrepreneur
Date of Birth28 June 1940
CityChittagong, Bangladesh
adopted among began bold entire gathered global goal great half historic history human leaders millennium nations poverty reduce time united
The new millennium began with a great global dream. World leaders gathered at the United Nations in 2000 and adopted, among others, a historic goal to reduce poverty by half by 2015. Never in human history had such a bold goal been adopted by the entire world in one voice, one that specified time and size.
businesses capital created expand fulfill human markets originally provide serve
Credit markets were originally created to serve human needs; to provide businesses and individuals with capital to start or expand businesses or fulfill other financial needs.
people shown
Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.
build business chance depend economic good people poor private public rich route talents theory
Good economic theory must give the people the chance to use their talents to build their own lives. We must get away from the traditional route where the rich will do the business and the poor will depend on private or public charity.
address beneficial business company effects employee engaging improved investment involves motivation positive produces social
Engaging in social business is beneficial to a company because it leverages on business competencies to address social issues, involves one-time investment with sustainable results, and produces other positive effects such as employee motivation and improved organizational culture.
amount bit list money needed people total
I made a list of people who needed just a little bit of money. And when the list was complete, there were 42 names. The total amount of money they needed was $27. I was shocked.
technology
While technology is important, it's what we do with it that truly matters.
education provide
I was born in 1940 in Hathazari, Chittagong, which is now part of Bangladesh. Education was always important to my parents, and with what little we had, they were able to provide an education for their children.
based business economists touched
There is the expression of selfishness and there is the expression of selflessness - but economists or theoreticians never touched that part. They said: 'Go and become a philanthropist.' I said, 'No, I can do that in the business world, create a different kind of business - a business based on selflessness.'
absence broad economic environmental human peace social threatened understood unjust
Peace should be understood in a human way - in a broad social, political and economic way. Peace is threatened by unjust economic, social and political order, absence of democracy, environmental degradation and absence of human rights.
human imposition innate since
Poverty is an artificial, external imposition on a human being; it is not innate in a human being. And since it is external, it can be removed. It is just a question of doing it.
access developing education equity full key role situations
The developing world is full of entrepreneurs and visionaries, who with access to education, equity and credit would play a key role in developing the economic situations in their countries.
bank cannot lend money people
They explained to me that the bank cannot lend money to poor people because these people are not creditworthy.
almost bankers fell lend money proposed
I went to the bank and proposed that they lend money to the poor people. The bankers almost fell over.