Muhammad Yunus

About Muhammad Yunus

Bangladeshi entrepreneur who won the Nobel Peace Prize for founding the Grameen Bank and pioneering microcredit and microfinance in Bangladesh.

Muhammad 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. 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". 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.

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Trivia

In 2011, he co-founded Unus Social Business - Global Initiatives and in 2012, he became Chancellor of Glasgow Caledonian University in Scotland.

Muhammad Yunus before fame

He earned his Ph.D. in economics from Vanderbilt University in 1969.

Achievement of Muhammad Yunus

He co-founded Unus Social Business - Global Initiatives in 2011 and was appointed Chancellor of Glasgow Caledonian University in Scotland in 2012.

Salary 2020

Not known

Net Worth 2020

$10 Million

Muhammad Yunus family life

Between 1970 until 1979, he was married to Vera Forostenko, an opera singer.

Associations of Muhammad Yunus

In 2006, he was awarded the Nobel Peace Prize, which he shared with Al Gore the following year.

Muhammad Yunus Height, Weight & Physique Measurements

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