Muhammad Yunus

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Dr. Muhammad Yunus, Founder and Managing Director, Grameen Bank—Muhammad Yunus established the Grameen Bank in Bangladesh in 1976; it has advanced to the forefront of a burgeoning work movement to eradicate poverty through micro-lending. His objective was to help poor people escape from poverty by providing loans without collateral to support income generating activities. Grameen Bank now has 8 million borrowers, 97% of whom are women, and has lent over $8.26 billion with a near 100% repayment rate. Professor Yunus is the recipient of the World Food Prize (1994) and the Sydney Peace Prize (1998). In 2006, Professor Yunus received the Seoul Peace Prize and the Nobel Peace Prize. In August 2009, Yunus was awarded the Presidential Medal of Freedom by President Barack Obama. Professor Yunus is the author of two best-selling books including Banker To The Poor; his next book Building Social Businesss: The New Kind of Capitalism that Serves Humanity’s Most Pressing Needs will be released in May 2010.


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