Who Is Nobel Laureate Muhammad Yunus? Set To Lead Interim Government In Bangladesh
Nobel Laureate Muhammad Yunus: Amid ongoing political turmoil in Bangladesh, Army Chief General Waker-Uz-Zaman has informed that an interim government, led by Nobel Laureate Professor Muhammad Yunus, will take oath tomorrow on Thursday (August 8). The 76-year-old Sheikh Hasina was forced to resign from the Prime Minister post after massive protests erupted against her government over a controversial quota system.
Muhammad Yunus Birth
Muhammad Yunus, born on June 28, 1940, in Chittagong, Bangladesh, is a renowned social entrepreneur, banker, economist, and civil society leader.
Muhammad Yunus And Grameen Bank Won Nobel Peace Prize
In 2006, Muhammad Yunus and the Grameen Bank won the Nobel Peace Prize for their new ideas in giving small loans and financial help to poor people.
United States Presidential Medal of Freedom in 2009
Apart from the Nobel Prize, Yunus has received numerous prestigious awards, including the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010.
Yunus Social Business
In 2011, Muhammad Yunus co-founded Yunus Social Business – Global Initiatives (YSB), which focuses on promoting social businesses worldwide.
Chancellor of Glasgow Caledonian University
From 2012 to 2018, he served as the Chancellor of Glasgow Caledonian University in Scotland and was formerly a professor of economics at Chittagong University.
Board Member Of United Nations Foundation
Muhammad Yunus has played a significant role in Grameen America and the Grameen Foundation, continuing his efforts in microcredit. He served as a board member of the United Nations Foundation from 1998 to 2021, contributing to various UN initiatives.
Muhammad Yunus In Prison
In January of this year, Muhammad Yunus was sentenced to six months in jail by a court for violating labor laws but was granted bail in March. He was also jailed in a USD 2.3 million embezzlement case.
Coined As Banker To The Poor
Yunus began providing tiny loans (as small as Rs 2000) to women in rural Bangladesh to start small businesses, such as poultry farming, weaving, or selling goods. The loans were offered without collateral, with repayment based on trust and peer pressure. This approach helped millions lift themselves out of poverty, earning Yunus the nickname “Banker to the Poor.” (Image Credit: Wikipedia)
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