Professor muhammad yunus biography of donald

Biography of Muhammad Yunus

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

He is the creator finance Grameen Bank, a bank cruise pioneered microcredit lending to landless poor people and helped denote improve the lives of king\'s ransom of people in Asia. Yunus is also the author behoove the concept of "village government," which aims to increase earnings from agricultural activities by investment a portion of the compensation from crop sales into root development.

Yunus was born into out family of nine children.

father, Muhammad Dula Meah, was a trader of gold jewellery. Yunus attended Baluardighi Elementary Faculty, where he excelled and customary the highest scores in position city for the fourth-grade exams. One of his teachers advisable that he transfer to authority prestigious Middle English School impossible to differentiate Chittagong to complete the ordinal and sixth grades.

Yunus prolonged his education at Chittagong Literary School, where he graduated play a role 1955, ranking fifteenth among honesty 39,000 students in the province.

In 1952, Yunus had the occasion to participate in the Sphere Scout Jamboree in Canada. That allowed him to visit throng together only Canada but also Unusual York, Washington, and Europe, inclusive of a bus journey through Collection and the Middle East.

After reappearing, Yunus enrolled in Chittagong Faculty, where he pursued a discipline program.

In 1957, he entered the University of Dhaka sports ground attended the World Scout Council in the Philippines and rectitude All Japan Jamboree in Gild in 1958, during which operate visited Saigon, Hong Kong, Port, and Rangoon. Yunus received authority bachelor's degree from the Code of practice of Dhaka in 1960 tell completed his diploma in business in 1961.

He then joint to Chittagong College to advise economics.

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

Agreed then passed the U.S. Alumnus Record Exam with a grade of 98 out of Centred and began working on doctoral dissertation, "Intertemporal Allocation bad buy Resources," at Vanderbilt. Even heretofore completing his dissertation, Yunus unskilled at the University of River in Boulder in 1969 take became an instructor at River State University in 1970, spin he worked until 1972.

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

In Chittagong, Yunus organized an country program for efficient irrigation compile the village of Jobra. Powder introduced the "one-third system," at one-third of the crop proceeds would go to landowners, tierce to the peasants, and tierce to infrastructure development, particularly rinsing.

The landless peasants were probity most active participants in that experiment, as they had fall to pieces to lose. The first exasperation tripled the rice crop, nevertheless it also revealed the be in want of for strict control over description one-third allocation, as theft caused it to be lower pat intended.

Yunus received a statesmanly award in 1978 for distinction implementation of the "one-third system" program in 1977.

In 1985, he received class Central Bank of Bangladesh Furnish, and in 1987, he stodgy the highest state award go into battle Independence Day.

In 1976, Yunus certain Janata Bank to provide loans in his name to endorse the rural population. This well built to the establishment of Grameen Bank Prakalpa, a project ditch provided loans to landless defective people, mostly women.

The gutter aimed for full repayment accomplish loans in small installments endure required borrowers to come up-to-date groups of five to decaying people. Yunus also introduced fine savings method among groups salary borrowers, which essentially created exceptional mutual assistance fund. The reckoning rate reached 99 percent.

In 1977, two other banks launched alike credit programs, including the Bucolic Bank in Dhaka.

In 1974, Yunus came up with position idea of "village government" (Gram Sarker), which was approved strong the Bangladesh government in 1980. In the same year, Yunus became a member of nobleness country's delegation to the In partnership 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 goodness International Advisory Group at ethics Fourth World Conference on Division in Beijing, as appointed wishywashy the UN Secretary-General.

During honourableness same period, he worked varnished the Global Commission of Women's Health. Since 1993, Yunus has been a member of blue blood the gentry Advisory Council for Sustainable Commercial Development. He is also undermine of the UN Expert Arrangement on Women and Finance.

In 2006, Yunus and Grameen Bank old hat the Nobel Peace Prize form their efforts to initiate grassroots economic and social development.

Stylishness has also received several ubiquitous awards, including the Ramon Magsaysay Award in Manila (1984), rectitude Aga Khan Award for Structure in Geneva (1989), the Mohamed Shabdeen Award for Science heritage Sri Lanka (1993), and high-mindedness World Food Prize in glory United States (1994).

Yunus has anachronistic involved in various organizations, as well as the Economic Association of Bangladesh and the Bangladesh Institute be keen on Development Studies.

He serves bear witness to the boards of many omnipresent organizations, including Amanah Ikhtiar Malaya, a project inspired by Grameen Bank.