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Biography of Dr. Muhammad Yunus |
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Muhammad Yunus (born June 28, 1940) is a Bangladeshi banker and economist. A former professor of economics, he is famous for his successful application of the concept of microcredit, the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans. Yunus is also the founder of Grameen Bank.
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Dr Muhammad Yunus received over 75 different national and international awards, Additionally, Yunus was awarded 29 honorary degrees. Of them, only one is not a doctorate degree. He has also been given 23 special awards.
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Grameen Bank's Struggling (Beggar) Members Programme |
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Grameen Bank was started in 1976 by Muhammad Yunus as an experimental project to combat rural poverty by providing credit to the very poor in 1983 Grameen Bank became established as a formal bank which provides small, collateral-free credit to rural poor rural people mainly women, for income-generating activities. As of July, 2005, Grameen Bank disbursed $5.0 billion in loans to 5.0 million borrowers, 96 per cent of them women, with a repayment rate of 99%. It June 2005 it lents out about $ 2.5 million-a-day (working day ) in tiny loans averaging around $130. |
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Commonwealth Lecture, 2003 |
Halving Poverty By 2015
--We Can Actually Make It Happen
Muhammad Yunus
Delivered at the Commonwealth Institute, London on March 11, 2003 |
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Expanding Microcredit Outreach to Reach |
Expanding Microcredit Outreach to Reach the Millennium Development Goal-
Some Issues for Attention.
Muhammad Yunus
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Social Business Entrepreneurs Are the Solution |
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Many of the problems in the world remain unresolved because we continue to interpret capitalism too narrowly. In this narrow interpretation we create a one-dimensional human being to play the role of entrepreneur. We insulate him from other dimensions of life, such as, religious, emotional, political dimensions. He is dedicated to one mission in his business life |
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