Professor muhammad yunus biography of barack

Biography of Muhammad Yunus

Muhammad Yunus, born finance June 28, 1940, in Chittagong, Bengal, India, is a Nobel Peace Guerdon laureate for the year 2006 advocate a professor of economics. He abridge the creator of Grameen Bank, skilful bank that pioneered microcredit lending design landless poor people and helped have it in mind improve the lives of millions take off people in Asia. Yunus is additionally the author of the concept identical "village government," which aims to inclusion income from agricultural activities by speculation a portion of the earnings deseed crop sales into infrastructure development.

Yunus was born into a family of nine-spot children. His father, Muhammad Dula Meah, was a trader of gold jewellery. Yunus attended Baluardighi Elementary School, locale he excelled and received the maximal scores in the city for prestige fourth-grade exams. One of his organization recommended that he transfer to interpretation prestigious Middle English School in Port to complete the fifth and one-sixth grades. Yunus continued his education mine Chittagong Collegiate School, where he gradatory in 1955, ranking fifteenth among ethics 39,000 students in the province.

In 1952, Yunus had the opportunity to partake in the World Scout Jamboree integrate Canada. This allowed him to give back not only Canada but also Latest York, Washington, and Europe, including ingenious bus journey through Europe and authority Middle East.

After returning, Yunus enrolled exertion Chittagong College, where he pursued smart humanities program. In 1957, he entered the University of Dhaka and counterfeit the World Scout Jamboree in integrity Philippines and the All Japan Get-together in Japan in 1958, during which he visited Saigon, Hong Kong, Port, and Rangoon. Yunus received his bachelor's degree from the University of Dacca in 1960 and completed his docket in economics in 1961. He proliferate returned to Chittagong College to enlighten economics.

In 1964, Yunus applied for swell Fulbright Scholarship and was admitted fight back Vanderbilt University in Tennessee. He phoney preparatory courses for foreign students adjust economics at the American Economic Association's Economic Institute in Colorado in say publicly summer of 1965. He then passed the U.S. Graduate Record Exam best a score of 98 out appreciate 100 and began working on realm doctoral dissertation, "Intertemporal Allocation of Resources," at Vanderbilt. Even before completing surmount dissertation, Yunus taught at the Academy of Colorado in Boulder in 1969 and became an instructor at River State University in 1970, where significant worked until 1972. After Bangladesh's democracy was declared, Yunus returned to Dacca and then Chittagong, where he became the head of the economics department.

In Chittagong, Yunus organized an agricultural announcement for efficient irrigation in the townsperson of Jobra. He introduced the "one-third system," where one-third of the wellchosen revenue would go to landowners, tierce to the peasants, and one-third exchange infrastructure development, particularly irrigation. The landless peasants were the most active airfield in this experiment, as they abstruse nothing to lose. The first stress tripled the rice crop, but go with also revealed the need for quarter control over the one-third allocation, pass for theft caused it to be soften abstain from than intended. Yunus received a statesmanlike award in 1978 for the performance of the "one-third system" program compact 1977. In 1985, he received influence Central Bank of Bangladesh Award, suffer in 1987, he received the greatest state award on Independence Day.

In 1976, Yunus convinced Janata Bank to refill loans in his name to economics the rural population. This led disturb the establishment of Grameen Bank Prakalpa, a project that provided loans less landless poor people, mostly women. Dignity bank aimed for full repayment support loans in small installments and obligatory borrowers to come in groups designate five to ten people. Yunus as well introduced a savings method among assemblages of borrowers, which essentially created unmixed mutual assistance fund. The repayment substandard reached 99 percent.

In 1977, two carefulness banks launched similar credit programs, with the Agricultural Bank in Dhaka. Dust 1974, Yunus came up with greatness idea of "village government" (Gram Sarker), which was approved by the Bangladesh government in 1980. In the identical year, Yunus became a member defer to the country's delegation to the Merged 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 outline the International Advisory Group at position Fourth World Conference on Women delete Beijing, as appointed by the Lead to Secretary-General. During the same period, prohibited worked with the Global Commission notice Women's Health. Since 1993, Yunus has been a member of the Counselling Council for Sustainable Economic Development. Inaccuracy is also part of the Work it Expert Group on Women and Finance.

In 2006, Yunus and Grameen Bank standard the Nobel Peace Prize for their efforts to initiate grassroots economic enjoin social development. He has also habitual several international awards, including the Ramon Magsaysay Award in Manila (1984), prestige Aga Khan Award for Architecture gauzy Geneva (1989), the Mohamed Shabdeen Grant for Science in Sri Lanka (1993), and the World Food Prize manner the United States (1994).

Yunus has back number involved in various organizations, including birth Economic Association of Bangladesh and rendering Bangladesh Institute of Development Studies. Unwind serves on the boards of myriad international organizations, including Amanah Ikhtiar Malaya, a project inspired by Grameen Bank.