Muhammad Yunus was born on 28 June 1940. He is a Bangladeshi banker, economist and Nobel Peace Prize receiver. As a professor of economics, he established the perceptions of microcredit and microfinance. These loans are set to entrepreneurs too poor to succeed for traditional bank loans. In 2006 Yunus and Grameen Bank acknowledged the Nobel Peace Prize “for their efforts through microcredit to create economic and social development from below”. Yunus has acknowledged numerous other national and global honours. He was bestowed the U.S. Congressional Gold Medal in 2010, and presented with it at a ceremony at the U.S. Capitol on 17 April 2013.
In 2008, he was rated #2 in Foreign Policy magazine’s list of the ‘Top 100 Global Thinkers’. In February 2011, Muhammad Yunus organized with Saskia Bruysten, Sophie Eisenmann and Hans Reitz co-founded Yunus Social Business – Global Initiatives (YSB). YSB makes and authorizes social businesses to address and resolve social problems round the world.
As the global employment arm for Yunus’ vision of a new, humane capitalism, YSB manages Incubator Funds for social businesses in unindustrialized countries and providing recommended facilities to companies, governments, foundations and NGOs.
In 2012, he became Chancellor of Glasgow Caledonian University in Scotland. He is a member of the consultative board at Shahjalal University of Science and Technology. Beforehand, he was a professor of economics at Chittagong University in Bangladesh. He circulated several books correlated to his finance work. He is a founding board member of Grameen America and Grameen Foundation, which sustenance microcredit.
Yunus also helps on the board of directors of the United Nations Foundation, a public assistance shaped in 1998 by American humanitarian Ted Turner’s $1 billion gift to support UN causes.
In March 2011, the Bangladesh government ablaze Yunus from his station at Grameen Bank, citing legal desecration’s and an age limit on his station. Bangladesh’s High Court confirmed the elimination on 8 March. Muhammad Yunus and Grameen Bank are appealing the decision, claiming Yunus’ elimination was politically encouraged.
Muhammad Yunus has shown himself to be a leader who has accomplished to interpret visions into practical action for the advantage of millions of people, not only in Bangladesh, but also in various other countries. Loans to poor people without any financial safety had seemed to be an awkward idea. From modest early stages three decades ago, Yunus has, first and foremost through Grameen Bank, established micro-credit into an ever more significant apparatus in the skirmish in contradiction of poverty.
Muhammad Yunus is the first Bangladeshi to ever get a Nobel Prize. Afterward getting the news of the significant award, Yunus proclaimed that he would usage part of his portion of the $1.4 million award money to make a company to create low-cost, high-nutrition food for the poor; though the respite would go toward setting up an eye hospital for the poor in Bangladesh.
Former U.S. president Bill Clinton was a vocal supporter for the bestowing of the Nobel Prize to Muhammed Yunus. He articulated this in Rolling Stone magazine as well as in his life story My Life. In a language given at University of California, Berkeley in 2002, President Clinton pronounced Dr. Yunus as “a man who long ago should have won the Nobel Prize I’ll keep saying that until they finally give it to him.” Contrariwise, The Economist stated openly that Yunus was a poor optimal for the prize, stating: “…the Nobel committee could have made a braver, more difficult, choice by declaring that there would be no recipient at all.”
Muhammad Yunus is one of only seven individuals to have won the Nobel Peace Prize, Presidential Medal of Freedom, and the Congressional Gold Medal. Other prominent awards comprise the Ramon Magsaysay Award in 1984, the World Food Prize, the International Simon Bolivar Prize (1996), the Prince of Asturias Award for Concord and the Sydney Peace Prize in 1998, and the Seoul Peace Prize in 2006. Moreover, Dr. Yunus has been endowed 50 honorary doctorate degrees from universities across 20 countries, and 113 global awards from 26 countries counting state honors from 10 countries. Bangladesh government carried out an honoring stamp to honor his Nobel Award.
Professor Muhammad Yunus was called by Fortune Magazine in March 2012 as one of 12 greatest entrepreneurs of the present era. In its quotation, Fortune Magazine said ″Yunus’ idea inspired countless numbers of young people to devote themselves to social causes all over the world.″
In January 2012, Professor Yunus introduced in “Transformative Entrepreneurs: How Walt Disney, Steve Jobs, Muhammad Yunus and Other Innovators Succeeded” a book by Jeffrey Harris.
Professor Yunus was named “Nobel-Laureate-in-Residence” at Universiti Kebangsaan Malaysia (National University of Malaysia) on 15 July 2011. Professor Yunus supplied the Seventh Nelson Mandela Annual Lecture.
In January 2008, Houston, Texas declared 14 January as “Muhammad Yunus Day”.
On 15 May 2010, Yunus gave the inauguration speech at Rice University for the graduating class of 2010. On 16 May 2010, Yunus gave the inauguration speech at Duke University for the graduating class of 2010. For the duration of this formality, he was also bestowed an honorary degree, Doctor of Humane Letters.
Professor Yunus was inquired and gave the Wharton School of Business beginning address on 17 May 2009, the MIT inauguration address on 6 June 2008, Adam Smith Lecture at Glasgow University on 1 December 2008 and Oxford’s Romanes Lecture on 2 December 2008.
He acknowledged the Dwight D. Eisenhower Medal for Leadership and Service from the Eisenhower Fellowships at a ceremony in Philadelphia on 21 May 2009. He was also voted 2nd in Prospect Magazine’s 2008 international poll of the world’s top 100 intellects.
Muhammad Yunus was called amongst the most wanted philosophers the world must attend to by the FP 100 (world’s most influential elite) in the December 2009 issue of Foreign Policy magazine. On 1 March 2010, Yunus was bestowed the prestigious Presidential Award from the University of Illinois at Urbana–Champaign. This is the uppermost honor obtainable from the University.
Source: Wikipedia
