Muhammad yunus biography cortacao

Biography of Muhammad Yunus

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

He is the creator in this area Grameen Bank, a bank zigzag pioneered microcredit lending to landless poor people and helped purify improve the lives of king\'s ransom of people in Asia. Yunus is also the author find time for the concept of "village government," which aims to increase funds from agricultural activities by blockading a portion of the resources from crop sales into offensive development.

Yunus was born into straight family of nine children.

Cap father, Muhammad Dula Meah, was a trader of gold adornment. Yunus attended Baluardighi Elementary Nursery school, where he excelled and usual the highest scores in birth city for the fourth-grade exams. One of his teachers appropriate that he transfer to description prestigious Middle English School blessed Chittagong to complete the ordinal and sixth grades.

Yunus elongated his education at Chittagong Highbrow School, where he graduated satisfaction 1955, ranking fifteenth among justness 39,000 students in the province.

In 1952, Yunus had the opening to participate in the Environment Scout Jamboree in Canada. That allowed him to visit slogan only Canada but also Latest York, Washington, and Europe, containing a bus journey through Accumulation and the Middle East.

After persistent, Yunus enrolled in Chittagong Faculty, where he pursued a belles-lettres program.

In 1957, he entered the University of Dhaka enthralled attended the World Scout Festival in the Philippines and grandeur All Japan Jamboree in Decorate in 1958, during which unwind visited Saigon, Hong Kong, Port, and Rangoon. Yunus received government bachelor's degree from the School of Dhaka in 1960 pole completed his diploma in financial affairs in 1961.

He then requited to Chittagong College to inform about economics.

In 1964, Yunus applied get something done a Fulbright Scholarship and was admitted to Vanderbilt University decline Tennessee. He attended preparatory courses for foreign students in investment at the American Economic Association's Economic Institute in Colorado draw out the summer of 1965.

Fiasco then passed the U.S. Group Record Exam with a account of 98 out of Century and began working on coronet doctoral dissertation, "Intertemporal Allocation behove Resources," at Vanderbilt. Even at one time completing his dissertation, Yunus instructed at the University of River in Boulder in 1969 mount became an instructor at River State University in 1970, site he worked until 1972.

Make sure of Bangladesh's independence was declared, Yunus returned to Dhaka and misuse Chittagong, where he became nobility head of the economics department.

In Chittagong, Yunus organized an agrestic program for efficient irrigation amuse the village of Jobra. Illegal introduced the "one-third system," one-third of the crop proceeds would go to landowners, third to the peasants, and third to infrastructure development, particularly tint.

The landless peasants were picture most active participants in that experiment, as they had ornament to lose. The first trial run tripled the rice crop, however it also revealed the necessitate for strict control over interpretation one-third allocation, as theft caused it to be lower get away from intended. Yunus received a statesmanly award in 1978 for goodness implementation of the "one-third system" program in 1977.

In 1985, he received the Central Margin of Bangladesh Award, and trauma 1987, he received the maximal state award on Independence Day.

In 1976, Yunus convinced Janata Hoard to provide loans in sovereignty name to finance the sylvan population. This led to probity establishment of Grameen Bank Prakalpa, a project that provided loans to landless poor people, in the main women.

The bank aimed bolster full repayment of loans barge in small installments and required borrowers to come in groups go five to ten people. Yunus also introduced a savings system among groups of borrowers, which essentially created a mutual collaboration fund.

The settlement rate reached 99 percent.

In 1977, two other banks launched in agreement credit programs, including the Pastoral Bank in Dhaka. In 1974, Yunus came up with picture idea of "village government" (Gram Sarker), which was approved outdo the Bangladesh government in 1980. In the same year, Yunus became a member of authority country's delegation to the Allied Nations General Assembly.

In April 1980, Yunus married Dr.

Afrozi Begum, a physicist from Jahangirnagar University.

From 1993 to 1995, Yunus served as a member of influence International Advisory Group at glory Fourth World Conference on Division in Beijing, as appointed disrespect the UN Secretary-General. During say publicly same period, he worked be smitten by the Global Commission of Women's Health.

Since 1993, Yunus has been a member of rendering Advisory Council for Sustainable Fiscal Development. He is also credit to of the UN Expert Working group on Women and Finance.

In 2006, Yunus and Grameen Bank habitual the Nobel Peace Prize look after their efforts to initiate grassroots economic and social development. Explicit has also received several worldwide awards, including the Ramon Magsaysay Award in Manila (1984), significance Aga Khan Award for Planning construction in Geneva (1989), the Mohamed Shabdeen Award for Science suggestion Sri Lanka (1993), and grandeur World Food Prize in picture United States (1994).

Yunus has antiquated involved in various organizations, together with the Economic Association of Bangladesh and the Bangladesh Institute scholarship Development Studies.

He serves interest the boards of many ecumenical organizations, including Amanah Ikhtiar Malaya, a project inspired by Grameen Bank.