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Born on this day
Luis W. Alvarez
Luis W. Alvarez was an American experimental physicist, inventor and a Nobel Prize winner.
24th week in year
13 June 2024

Important personalitiesBack

Muhammad Yunus28.6.1940

Wikipedia (04 Jun 2013, 09:41)

Muhammad Yunus (born 28 June 1940) is a Bangladeshi banker, economistand Nobel Peace Prize recipient. As a professor of economics, hedeveloped the concepts of microcredit and microfinance. Theseloans are given to entrepreneurs too poor to qualify for traditional bankloans. In 2006 Yunus and Grameen Bank receivedthe Nobel Peace Prize "for their efforts through microcredit tocreate economic and social development from below". Yunus hasreceived several other national and international honours. He was awarded theU.S. Congressional Gold Medal in 2010, and presented with it at aceremony at the U.S. Capitol on 17 April 2013.

In 2012, he became Chancellor of Glasgow CaledonianUniversity in Scotland. He is a member of the advisory boardat Shahjalal University of Science and Technology. Previously, he was aprofessor of economics at Chittagong University in Bangladesh. Hepublished several books related to his finance work. He is a founding boardmember of Grameen America and Grameen Foundation, which supportmicrocredit.

Yunus also serves on the board of directors of the UnitedNations Foundation, a public charity created in 1998 by Americanphilanthropist Ted Turner’s $1 billion gift to support UN causes.

   
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