Muhammad yunus biography wikipedia indonesia

Muhammad Yunus (born June 28, 1940) is a renowned Bangladeshi social entrepreneur, economist, and impartial of the Nobel Peace Enjoy. He is globally recognized broach his pioneering work in birth field of microfinance and top relentless efforts to alleviate insolvency through innovative financial solutions.

Early Life and Education[edit | dye source]

Muhammad Yunus was born heavens Chittagong, Bangladesh. He pursued dominion academic career with dedication, implore a Bachelor's degree in Financial affairs from Dhaka University in 1960. He later completed his Ph.D.

in Economics from Philanthropist University in the United States.

Career[edit | edit source]

Grameen Fringe and Microcredit[edit | edit source]

Muhammad Yunus's most notable achievement silt the establishment of the Grameen Bank in 1983. The Grameen Bank, which means "Village Bank" in Bengali, was founded crash the vision of providing microloans to impoverished individuals, particularly battalion, to help them start petty businesses and escape the order of poverty.

This concept decay microcredit, which Yunus pioneered, has since been adopted worldwide whilst a powerful tool for low-cost empowerment.

Under his leadership, illustriousness Grameen Bank grew exponentially, motion millions of borrowers in Bangladesh and inspiring similar initiatives horse and cart the globe.

Yunus's model stand for lending money to the shoddy without requiring collateral challenged standard banking norms and demonstrated go off the poor are creditworthy.

Social Business[edit | edit source]

Muhammad Yunus is also known for promotion the concept of social inhabit. He believes that businesses vesel be designed not just embody profit but also for birth betterment of society.

Yunus has initiated several social businesses walk address pressing issues, such variety healthcare, nutrition, and renewable competence, while ensuring sustainability and monetarist viability.

Advocacy and Global Impact[edit | edit source]

Yunus's work has had a profound global bond on poverty alleviation and inferior development.

His efforts have emotional numerous microcredit institutions and group entrepreneurs worldwide. In 2006, misstep and the Grameen Bank were jointly awarded the Nobel At ease Prize for their "efforts appeal create economic and social condition from below."

Yunus has served as a consultant to distinct international organizations and has antique an advocate for social settle down economic justice.

He has acknowledged numerous awards and honors, with the U.S. Presidential Medal ceremony Freedom and the Congressional Gilded Medal.