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Muhammad Yunus

Bangladeshi banker, economist and Nobel Peace Prize recipient / From Wikipedia, the free encyclopedia

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Professor Muhammad Yunus (born 28 June 1940), also known as Dr. Muhammad Yunus or Dr. Yunus 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.[1] These loans are given to entrepreneurs too poor to qualify for traditional bank loans. 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 peace cannot be achieved unless large population groups find ways in which to break out of poverty" and that "across cultures and civilizations, Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development".[2] Yunus has received several other national and international honours. He received the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010.[3]

Quick facts: Muhammad Yunus, Born, Nationality, Occupation...
Muhammad Yunus
মুহাম্মদ ইউনূস
Yunus in 2013
Born (1940-06-28) 28 June 1940 (age 83)
Occupation(s)Economist, Entrepreneur
Academic career
School or
Alma mater
AwardsNobel Peace Prize (2006)

Presidential Medal of Freedom (2009)

Congressional Gold Medal (2010)
Information at IDEAS / RePEc

In February 2011, Yunus together with Saskia Bruysten, Sophie Eisenmann and Hans Reitz co-founded Yunus Social Business – Global Initiatives (YSB). YSB creates and empowers social businesses to address and solve social problems around the world. As the international implementation arm for Yunus' vision of a new, humane capitalism, YSB manages incubator funds for social businesses in developing countries and provides advisory services to companies, governments, foundations and NGOs.

In 2012, he became Chancellor of Glasgow Caledonian University in Scotland, a position he held until 2018.[4][5] Previously, he was a professor of economics at Chittagong University in Bangladesh.[6] He published several books related to his finance work. He is a founding board member of Grameen America and Grameen Foundation, which support microcredit.

Yunus also served on the board of directors of the United Nations Foundation, a public charity to support UN causes, from 1998 to 2021.[7]