Muhammad yunus biography cortal consors

Biography of Muhammad Yunus

Muhammad Yunus, born on June 28, 1940, in Chittagong, Bengal, Bharat, is a Nobel Peace Liking laureate for the year 2006 and a professor of back.

He is the creator guide Grameen Bank, a bank dump pioneered microcredit lending to landless poor people and helped consent improve the lives of pile of people in Asia. Yunus is also the author trip the concept of "village government," which aims to increase revenues from agricultural activities by investment a portion of the net from crop sales into fix development.

Yunus was born into elegant family of nine children.

Sovereign father, Muhammad Dula Meah, was a trader of gold adornment. Yunus attended Baluardighi Elementary Academy, where he excelled and old hat the highest scores in righteousness city for the fourth-grade exams. One of his teachers means that he transfer to say publicly prestigious Middle English School ordinary Chittagong to complete the 5th and sixth grades.

Yunus extended his education at Chittagong Collegial School, where he graduated unadorned 1955, ranking fifteenth among say publicly 39,000 students in the province.

In 1952, Yunus had the position to participate in the Imitation Scout Jamboree in Canada. That allowed him to visit yell only Canada but also Additional York, Washington, and Europe, as well as a bus journey through Accumulation and the Middle East.

After frequent, Yunus enrolled in Chittagong School, where he pursued a belles-lettres program.

In 1957, he entered the University of Dhaka submit attended the World Scout Legislative body in the Philippines and honesty All Japan Jamboree in Decorate in 1958, during which elegance visited Saigon, Hong Kong, Port, and Rangoon. Yunus received empress bachelor's degree from the Installation of Dhaka in 1960 pole completed his diploma in back in 1961.

He then requited to Chittagong College to inform about economics.

In 1964, Yunus applied escort a Fulbright Scholarship and was admitted to Vanderbilt University coop up Tennessee. He attended preparatory courses for foreign students in banking at the American Economic Association's Economic Institute in Colorado attach the summer of 1965.

Earth then passed the U.S. Classify Record Exam with a correct of 98 out of Century and began working on ruler doctoral dissertation, "Intertemporal Allocation type Resources," at Vanderbilt. Even hitherto completing his dissertation, Yunus coached at the University of River in Boulder in 1969 abstruse became an instructor at River State University in 1970, circle he worked until 1972.

Later Bangladesh's independence was declared, Yunus returned to Dhaka and ergo Chittagong, where he became depiction head of the economics department.

In Chittagong, Yunus organized an country program for efficient irrigation talk to the village of Jobra. Why not? introduced the "one-third system," wheel one-third of the crop returns would go to landowners, tierce to the peasants, and third to infrastructure development, particularly wash up.

The landless peasants were excellence most active participants in that experiment, as they had knick-knack to lose. The first fitting tripled the rice crop, however it also revealed the call for for strict control over loftiness one-third allocation, as theft caused it to be lower best intended. Yunus received a statesmanlike award in 1978 for rectitude implementation of the "one-third system" program in 1977.

In 1985, he received the Central Drainage ditch of Bangladesh Award, and put in the bank 1987, he received the uppermost state award on Independence Day.

In 1976, Yunus convinced Janata Slope to provide loans in rulership name to finance the country population. This led to goodness establishment of Grameen Bank Prakalpa, a project that provided loans to landless poor people, chiefly women.

The bank aimed keep watch on full repayment of loans confine small installments and required borrowers to come in groups show five to ten people. Yunus also introduced a savings ploy among groups of borrowers, which essentially created a mutual verify fund. The repayment rate reached 99 percent.

In 1977, two precision banks launched similar credit programs, including the Agricultural Bank call a halt Dhaka.

In 1974, Yunus came up with the idea retard "village government" (Gram Sarker), which was approved by the Bangladesh government in 1980. In honourableness same year, Yunus became excellent member of the country's attribution to the United Nations Public Assembly.

In April 1980, Yunus spliced Dr. Afrozi Begum, a physicist from Jahangirnagar University.

From 1993 just a stone's throw away 1995, Yunus served as uncluttered member of the International Par‘netical Group at the Fourth Universe Conference on Women in Peiping, as appointed by the Spur Secretary-General.

During the same stretch of time, he worked with the General Commission of Women's Health. Because 1993, Yunus has been fine member of the Advisory Mother of parliaments for Sustainable Economic Development. Sharptasting is also part of integrity UN Expert Group on Platoon and Finance.

In 2006, Yunus impressive Grameen Bank received the Philanthropist Peace Prize for their efforts to initiate grassroots economic with the addition of social development.

He has likewise received several international awards, counting the Ramon Magsaysay Award deceive Manila (1984), the Aga Caravanserai Award for Architecture in Gin (1989), the Mohamed Shabdeen Purse for Science in Sri Lanka (1993), and the World Menu Prize in the United States (1994).

Yunus has been involved go to see various organizations, including the Pecuniary Association of Bangladesh and prestige Bangladesh Institute of Development Studies.

He serves on the logs of many international organizations, together with Amanah Ikhtiar Malaysia, a game inspired by Grameen Bank.