ABOUT MUHAMMAD YUNUS
• MUHAMMAD YUNUS IS A BANGLADESHI BANKER
• NOBEL PEACE PRIZE (2006) WINNER
• CREDITED WITH DEVELOPING THE CONCEPTS OF MICRO FINANCE AND MICROCREDIT
EARLY LIFE
• BORN ON 28 JUNE 1940 TO A MUSLIM FAMILY IN HATHAZARAI, CHITTAGONG
• COMPLETED BA DEGREE IN ECONOMICS AT DHAKA UNIVERSITY IN 1960, AND HIS MA IN 1961
• HE TAUGHT ECONOMICS AT CHITTAGONG COLLEGE, AND SERVED AS RESEARCH ASSISTANT UNDER NURUL ISLAM
• GAINED A PHD IN ECONOMICS FROM THE VANDERBILT UNIVERSITY
BANKER TO THE POOR
• ON RETURNING TO BANGLADESH BECAME INVOLVED IN RESEARCHING POLICIES TO HELP IN POVERTY REDUCTION
• KNOWLEDGE OF ECONOMIC THEORY SEEMED IRRELEVANT WHEN HE WAS FACED WITH THE REALITY OF STARVING PEOPLE IN THE CAPITAL
MICROFINANCE & MICROCREDIT
• YUNUS DECIDED TO LEND SOME OF HIS OWN MONEY TO 42 WOMEN IN THE VILLAGE
• ONLY A TOTAL OF US$27, BUT HE WAS REPAID WITH A PROFIT OF $0.02 ON EACH LOAN
• CONVINCED HIM MICROLOANS WERE A VIABLE BUSINESS MODEL
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