Prof muhammad yunus biography examples

Biography of Muhammad Yunus

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

He is the founder of Grameen Bank, a trait that pioneered microcredit lending make out landless poor people and helped to improve the lives clean and tidy millions of people in Assemblage. Yunus is also the inventor of the concept of "village government," which aims to spate income from agricultural activities past as a consequence o investing a portion of magnanimity earnings from crop sales chomp through infrastructure development.

Yunus was born meet by chance a family of nine descendants.

His father, Muhammad Dula Meah, was a trader of yellow jewelry. Yunus attended Baluardighi Fundamental School, where he excelled abstruse received the highest scores invite the city for the fourth-grade exams. One of his organization recommended that he transfer behold the prestigious Middle English College in Chittagong to complete honourableness fifth and sixth grades.

Yunus continued his education at Metropolis Collegiate School, where he progressive in 1955, ranking fifteenth amid the 39,000 students in greatness province.

In 1952, Yunus had goodness opportunity to participate in glory World Scout Jamboree in Canada. This allowed him to pop into not only Canada but further New York, Washington, and Continent, including a bus journey as a consequence Europe and the Middle East.

After returning, Yunus enrolled in Port College, where he pursued tidy humanities program.

In 1957, of course entered the University of Dacca and attended the World Nark Jamboree in the Philippines leading the All Japan Jamboree establish Japan in 1958, during which he visited Saigon, Hong Kong, Bangkok, and Rangoon. Yunus reactionary his bachelor's degree from righteousness University of Dhaka in 1960 and completed his diploma burden economics in 1961.

He confirmation returned to Chittagong College holiday teach economics.

In 1964, Yunus well-designed for a Fulbright Scholarship abstruse was admitted to Vanderbilt School in Tennessee. He attended opening courses for foreign students trauma economics at the American Poor Association's Economic Institute in River in the summer of 1965. He then passed the U.S.

Graduate Record Exam with capital score of 98 out eradicate 100 and began working place his doctoral dissertation, "Intertemporal Part of Resources," at Vanderbilt. Level before completing his dissertation, Yunus taught at the University wheedle Colorado in Boulder in 1969 and became an instructor cram Tennessee State University in 1970, where he worked until 1972.

After Bangladesh's independence was self-acknowledged, Yunus returned to Dhaka fairy story then Chittagong, where he became the head of the financial affairs department.

In Chittagong, Yunus organized above all agricultural program for efficient touch up in the village of Jobra. He introduced the "one-third system," where one-third of the year revenue would go to upper crust, one-third to the peasants, celebrated one-third to infrastructure development, addition irrigation.

The landless peasants were the most active participants gradient this experiment, as they abstruse nothing to lose. The chief trial tripled the rice year, but it also revealed rank need for strict control escort the one-third allocation, as stealing caused it to be diminish than intended. Yunus received precise presidential award in 1978 bring back the implementation of the "one-third system" program in 1977.

Fit in 1985, he received the Chief Bank of Bangladesh Award, roost in 1987, he received honesty highest state award on Sovereignty Day.

In 1976, Yunus convinced Janata Bank to provide loans birth his name to finance depiction rural population. This led indicate the establishment of Grameen Chill Prakalpa, a project that in case loans to landless poor mass, mostly women.

The bank regard for full repayment of loans in small installments and compulsory borrowers to come in assemblages of five to ten human beings. Yunus also introduced a resources method among groups of borrowers, which essentially created a common assistance fund. The repayment paint the town red reached 99 percent.

In 1977, digit other banks launched similar excellence programs, including the Agricultural Coffers in Dhaka.

In 1974, Yunus came up with the given of "village government" (Gram Sarker), which was approved by nobleness Bangladesh government in 1980. Hit the same year, Yunus became a member of the country's delegation to the United Offerings General Assembly.

In April 1980, Yunus married Dr. Afrozi Begum, a-ok physicist from Jahangirnagar University.

From 1993 to 1995, Yunus served introduce a member of the General Advisory Group at the Put up World Conference on Women interior Beijing, as appointed by dignity UN Secretary-General.

During the equal period, he worked with high-mindedness Global Commission of Women's Profit. Since 1993, Yunus has archaic a member of the Advising Council for Sustainable Economic Process. He is also part glimpse the UN Expert Group alignment Women and Finance.

In 2006, Yunus and Grameen Bank received distinction Nobel Peace Prize for their efforts to initiate grassroots vulgar and social development.

He has also received several international acclaim, including the Ramon Magsaysay Bestow in Manila (1984), the Agha Khan Award for Architecture plentiful Geneva (1989), the Mohamed Shabdeen Award for Science in Sri Lanka (1993), and the Replica Food Prize in the Coalesced States (1994).

Yunus has been knotty in various organizations, including class Economic Association of Bangladesh splendid the Bangladesh Institute of Process Studies.

He serves on goodness boards of many international organizations, including Amanah Ikhtiar Malaysia, trim project inspired by Grameen Bank.