Muhammad Yunus

Business is a book about social enterprise written by Muhammad Yunus. Muhammad Yunus is a social entrepreneur, economist, banker, and civil servant leader from Bangladesh. He is known for founding the Grameen Bank which is a microfinance organization and community development bank. Yunus is a well-known proponent of microfinance and microcredit. Due to his efforts in making a change through microfinance and microcredit and other noble causes, Yunus has been given several awards including the Independence

readable, engaging first-person memoir by Muhammad Yunus, the founder of the Grameen Bank of Bangladesh. Born in 1940, Muhammad Yunus grew up in the Bengal Province of British India (now Bangladesh). Yunus studied economics at Dhaka University receiving a B.A. and M.A. in the field. Afterward, he accepted a Fulbright scholarship in order to study at Vanderbilt University receiving his Ph.D. in economics in 1971. While teaching at Chittagong University , Yunus observed the poverty epidemic in the rural

In Banker to the Poor, Muhammad Yunus discusses the power of micro-lending in the struggle to end world poverty. He created a bank called Grameen, which is dedicated to lifting families from poverty and providing them with the means necessary to become contributing members of society. Grameen Bank began as a simple project to help poor members of a small village in Bangladesh. Eventually though, it expanded to across more than one-hundred countries in five continents. It has helped millions of

Bangladesh, and Muhammad Yunus is its founder. This Bank offers collateral free loan to rural poor women. Women are afforded the opportunity of education and access to health care, reduced unemployment, so that their families and communities prosper. The future of the Microcredit is very bright now because it plays an important role for the development of poor families. This system is being introduced in both developing and developed countries of the world. The relationship between Muhammad Yunus’s Grameen

Muhammed Yunus is an innovative economics professor who through hard work has become the face of microeconomics. In his novel, Banker to the Poor, Muhammed Yunus presents his concept of micro-lending as the leading solution for eradicating poverty. During conversations between Muhammed Yunus and banking professionals, professor Yunus was astounded by the way business was conducted in financial institutions, more specifically how they decided who qualified for a loan. After reading, Banker to the

knowledge and methods to realize that vision, and (4) Coordinating and balancing the conflicting interests of all members and stakeholders. A leader steps up in times of crisis, and is able to think and act creatively in difficult situations. Muhammad Yunus (born 28 June 1940) is a Bangladeshi banker, economist and Nobel Peace Prize recipient. He is the founder of the Grameen Bank. He gives the loan to rural poor people to be self-sufficiency. Bill Gates the founder of Microsoft Corporation and one

The United Nations has established a list of 8 goals that were to be achieved. These were eradicating poverty and extreme hunger, achieve universal primary education, promote gender equality and empower women, reducing child mortality rates, improving maternal health care, combating HIV/AIDS and other deadly diseases, ensuring environmental stability, and finally to develop a global partnership for development.  Although these are arduous tasks, several of these goals are being accomplished with

Bangladesh Bureau of Statistics estimates population of Bangladesh as of 1 July 2011 to be 150.6 million. With annual population growth rate of 1.37% (BBS 2011), the estimated mid-year population of 2014 should be 156.06 million. Bangladesh is one of the most densely-populated countries in the world, with 1,203 people living per square km (in land area), and approximately 26% of the population lives in the urban area. The average household-size is 4.5, and life-expectancy at birth for both sexes

CHALLENGES OF MICROFINANCE BANKING IN NIGERIA-1 Nigerians, like many other Africans are generally known as their brother’s keepers in view of the extended family system. But when truly analyzed, there is a possibility that this may not be so? Perhaps a hypothetical deep may reveal that not up to 10% of Nigerians would invest in ventures or people that would yield them nothing in return and here I mean, “Returns in the short run or in the immediate”. The returns may be financial, emotional, spiritual

entrepreneurial venture stands out and the name of that organization is Grameen Bank. The Grameen Bank began as a research project of using microcredit to improve small startup business and entrepreneurial ventures in Bangladesh by its founder, Muhammad Yunus in 1976 but it was not until October 2, 1983, that Grameen Bank became an independent bank through a Bangladeshi government ordinance (Grameen Bank, n.d.). Grameen Bank provides various services that benefit not just a group of people but the