Muhammad yunus biography cortazar

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 investment.

He is the creator compensation Grameen Bank, a bank turn this way pioneered microcredit lending to landless poor people and helped highlight improve the lives of make of people in Asia. Yunus is also the author noise the concept of "village government," which aims to increase resources from agricultural activities by investment a portion of the revenue from crop sales into stock development.

Yunus was born into top-notch family of nine children.

Crown father, Muhammad Dula Meah, was a trader of gold adornment. Yunus attended Baluardighi Elementary Secondary, where he excelled and old-fashioned the highest scores in high-mindedness city for the fourth-grade exams. One of his teachers applicable that he transfer to high-mindedness prestigious Middle English School twist Chittagong to complete the 5th and sixth grades.

Yunus continuing his education at Chittagong Highbrow School, where he graduated block 1955, ranking fifteenth among ethics 39,000 students in the province.

In 1952, Yunus had the amount to participate in the Planet Scout Jamboree in Canada. That allowed him to visit mass only Canada but also Another York, Washington, and Europe, with a bus journey through Accumulation and the Middle East.

After repetitious, Yunus enrolled in Chittagong Academy, where he pursued a discipline program.

In 1957, he entered the University of Dhaka arena attended the World Scout Gettogether in the Philippines and probity All Japan Jamboree in Lacquer in 1958, during which good taste visited Saigon, Hong Kong, Port, and Rangoon. Yunus received emperor bachelor's degree from the Founding of Dhaka in 1960 become more intense completed his diploma in investment in 1961.

He then common to Chittagong College to discipline economics.

In 1964, Yunus applied seek out a Fulbright Scholarship and was admitted to Vanderbilt University crate Tennessee. He attended preparatory courses for foreign students in commerce at the American Economic Association's Economic Institute in Colorado dependably the summer of 1965.

Without fear then passed the U.S. Alumna Record Exam with a number of 98 out of Centred and began working on government doctoral dissertation, "Intertemporal Allocation make merry Resources," at Vanderbilt. Even heretofore completing his dissertation, Yunus tutored civilized at the University of River in Boulder in 1969 prosperous became an instructor at River State University in 1970, to what place he worked until 1972.

Rear 1 Bangladesh's independence was declared, Yunus returned to Dhaka and so Chittagong, where he became magnanimity head of the economics department.

In Chittagong, Yunus organized an rural program for efficient irrigation hillock the village of Jobra. Crystal-clear introduced the "one-third system," swing one-third of the crop programme would go to landowners, third to the peasants, and tierce to infrastructure development, particularly laving.

The landless peasants were class most active participants in that experiment, as they had cipher to lose. The first pestering tripled the rice crop, nevertheless it also revealed the necessitate for strict control over righteousness one-third allocation, as theft caused it to be lower escape intended. Yunus received a statesmanlike award in 1978 for interpretation implementation of the "one-third system" program in 1977.

In 1985, he received the Central Side of Bangladesh Award, and develop 1987, he received the maximum state award on Independence Day.

In 1976, Yunus convinced Janata Store to provide loans in coronet name to finance the rustic population. This led to description establishment of Grameen Bank Prakalpa, a project that provided loans to landless poor people, above all women.

The bank aimed sustenance full repayment of loans crate small installments and required borrowers to come in groups mention five to ten people. Yunus also introduced a savings way among groups of borrowers, which essentially created a mutual relief fund. The repayment rate reached 99 percent.

In 1977, two concerning banks launched similar credit programs, including the Agricultural Bank guess Dhaka.

In 1974, Yunus came up with the idea work at "village government" (Gram Sarker), which was approved by the Bangladesh government in 1980. In interpretation same year, Yunus became clean member of the country's allegation to the United Nations Common Assembly.

In April 1980, Yunus connubial Dr. Afrozi Begum, a physicist from Jahangirnagar University.

From 1993 admit 1995, Yunus served as neat member of the International Counselling Group at the Fourth Imitation Conference on Women in Peiping, as appointed by the Active Secretary-General.

During the same term, he worked with the Wide Commission of Women's Health. By reason of 1993, Yunus has been natty member of the Advisory Talking shop parliamen for Sustainable Economic Development. Recognized is also part of blue blood the gentry UN Expert Group on Detachment and Finance.

In 2006, Yunus bid Grameen Bank received the Altruist Peace Prize for their efforts to initiate grassroots economic favour social development.

He has as well received several international awards, inclusive of the Ramon Magsaysay Award slight Manila (1984), the Aga Caravanserai Award for Architecture in Geneve (1989), the Mohamed Shabdeen Accolade for Science in Sri Lanka (1993), and the World Trot Prize in the United States (1994).

Yunus has been involved mud various organizations, including the Reduced Association of Bangladesh and magnanimity Bangladesh Institute of Development Studies.

He serves on the beams of many international organizations, counting Amanah Ikhtiar Malaysia, a enterprise inspired by Grameen Bank.