Contents
Muhammad Yunus
Developing Grameen Bank’s microcredit model for people excluded from conventional lending.
Microcredit · Grameen Bank
- Born
- 28 June 1940
- Birthplace
- Chittagong, Bangladesh
More people
Muhammad Yunus
Muhammad Yunus is a Bangladeshi economist who shared the 2006 Nobel Peace Prize with Grameen Bank.
Early life
Chittagong upbringing
Grew up in a business family and studied economics.
American doctorate
Completed doctoral study at Vanderbilt before returning to Bangladesh.
Career
- 1970s
University and lending experiments
Taught in Chittagong and began small-scale loans to local borrowers.
- 1983
Grameen Bank
Established the specialised bank.
- 2006
Nobel Peace Prize
Shared recognition for economic and social development.
- 2024
Interim government
Became chief adviser after Sheikh Hasina’s departure.
Contributions
Microcredit
Expanded small loans without conventional collateral.
Grameen Bank
Built an institution lending largely to women.
Creating a World Without Poverty
Presented ideas about social business.
Beyond economics
Social business
Promotes enterprises designed around social purposes.
Debate over lending
Microcredit’s benefits and risks have been debated; its results depend on lending practices and borrowers’ circumstances.
Sources & photo credit
Life, career and references ↗Nobel Prize: award and biography ↗Photo: Press Information Department. Public domain · Original image. Cropped and displayed in monochrome.
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