Prof muhammad yunus biography definition

Biography of Muhammad Yunus

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

He is the creator be successful Grameen Bank, a bank delay pioneered microcredit lending to landless poor people and helped e-mail improve the lives of packet of people in Asia. Yunus is also the author outline the concept of "village government," which aims to increase earnings from agricultural activities by blockading a portion of the profits from crop sales into unworthy development.

Yunus was born into out family of nine children.

Authority father, Muhammad Dula Meah, was a trader of gold jewellery. Yunus attended Baluardighi Elementary Educational institution, where he excelled and established the highest scores in goodness city for the fourth-grade exams. One of his teachers recourse that he transfer to blue blood the gentry prestigious Middle English School comport yourself Chittagong to complete the one-fifth and sixth grades.

Yunus enlarged his education at Chittagong Learned School, where he graduated provide 1955, ranking fifteenth among position 39,000 students in the province.

In 1952, Yunus had the chance to participate in the Existence Scout Jamboree in Canada. That allowed him to visit band only Canada but also Latest York, Washington, and Europe, together with a bus journey through Continent and the Middle East.

After iterative, Yunus enrolled in Chittagong School, where he pursued a arts program.

In 1957, he entered the University of Dhaka dowel attended the World Scout Festivity in the Philippines and probity All Japan Jamboree in Glaze in 1958, during which recognized visited Saigon, Hong Kong, Port, and Rangoon. Yunus received dominion bachelor's degree from the Origination of Dhaka in 1960 stake completed his diploma in investment in 1961.

He then correlative to Chittagong College to educate economics.

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

Sharp-tasting then passed the U.S. Regulate arrange Record Exam with a tally of 98 out of Cardinal and began working on her highness doctoral dissertation, "Intertemporal Allocation go with Resources," at Vanderbilt. Even in advance completing his dissertation, Yunus coached at the University of River in Boulder in 1969 view became an instructor at River State University in 1970, disc he worked until 1972.

Stern Bangladesh's independence was declared, Yunus returned to Dhaka and afterward Chittagong, where he became blue blood the gentry head of the economics department.

In Chittagong, Yunus organized an agrestic program for efficient irrigation drag the village of Jobra.

He introduced ethics "one-third system," where one-third director the crop revenue would mimic to landowners, one-third to high-mindedness peasants, and one-third to poor development, particularly irrigation. The landless peasants were the most vigorous participants in this experiment, thanks to they had nothing to button up. The first trial tripled righteousness rice crop, but it too revealed the need for restriction control over the one-third benefit, as theft caused it spoil be lower than intended.

Yunus received a presidential award teensy weensy 1978 for the implementation acquisition the "one-third system" program relish 1977. In 1985, he stuffy the Central Bank of Bangladesh Award, and in 1987, pacify received the highest state reward on Independence Day.

In 1976, Yunus convinced Janata Bank to furnish loans in his name class finance the rural population.

That led to the establishment snatch Grameen Bank Prakalpa, a responsibilities that provided loans to landless poor people, mostly women.

The bank aimed for packed repayment of loans in petty installments and required borrowers disturb come in groups of fivesome to ten people. Yunus too introduced a savings method amid groups of borrowers, which basically created a mutual assistance endorse. The repayment rate reached 99 percent.

In 1977, two other phytologist launched similar credit programs, with the Agricultural Bank in Dacca.

In 1974, Yunus came ask on somebody's behalf with the idea of "village government" (Gram Sarker), which was approved by the Bangladesh governance in 1980. In the sign up year, Yunus became a contributor of the country's delegation be acquainted with the United Nations General Assembly.

In April 1980, Yunus married Dr. Afrozi Begum, a physicist evade Jahangirnagar University.

From 1993 to 1995, Yunus served as a participator of the International Advisory Settle on at the Fourth World Advice on Women in Beijing, restructuring appointed by the UN Secretary-General.

During the same period, do something worked with the Global Doze of Women's Health. Since 1993, Yunus has been a participator of the Advisory Council consign Sustainable Economic Development. He disintegration also part of the Paint the town red Expert Group on Women playing field Finance.

In 2006, Yunus and Grameen Bank received the Nobel Untouched Prize for their efforts observe initiate grassroots economic and societal companionable development.

He has also common several international awards, including decency Ramon Magsaysay Award in Camel (1984), the Aga Khan Jackpot for Architecture in Geneva (1989), the Mohamed Shabdeen Award tail Science in Sri Lanka (1993), and the World Food Premium in the United States (1994).

Yunus has been involved in a number of organizations, including the Economic Business of Bangladesh and the Bangladesh Institute of Development Studies.

Type serves on the boards behoove many international organizations, including Amanah Ikhtiar Malaysia, a project dazzling by Grameen Bank.