Muhammad Yunus is an economist from Chittagong University and was born in 1940 in Chittagong, Bangladesh. He was the third of nine children of his parents and educated in Chittagong. He was awarded a Fulbright scholarship and received his Ph.D. from Vanderbilt University, Nashville, Tennessee. In 1972 he became head of the Economics Department at Chittagong University. He is the founder and managing director of the Grameen Bank. In 1997, Professor Yunus led the world’s first Micro Credit Summit in Washington, DC. Muhammad Yunus’s project has grown to serve a total of seven million families in Bangladesh with loans, totaling six billion dollars. There are over 250 institutions in100 countries that operate off Grameen micro-credit principles (Biography). Yunus developed his revolutionary micro-credit system with the belief that it would be a cost effective and scalable weapon to fight pover...
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...Alex. “The Haldar Para.” Small loans, big dreams: how Nobel peace prize winner Muhammad Yunus and microfinance are changing the world. Hoboken, N.J: John Wiley & Sons, 2008: 189- 212. Print.
Gangemi, Jeffrey. “Microcredit Missionary.” Businessweek. 26 December 2005: 20-20. Business Source premier. Web. 25 January 2011.
Khan, Farhana. “Opinion: Microcredit Changes Lives.” The Tech Publish Online Edition 9 September 9 2008: Vol. 128 Issue 37, 1 February 2011.
Yunus, Muhammad. “The Stool Makers of Jobra Village.” Banker to the poor: micro-lending and the battle against world poverty. New York, NY: Public Affairs, 2003: 43-58. Print.
Yunus, Muhammad. “One Cup of Yogurt at a Time.” Creating a world without poverty: social business and the future of capitalism. New York, NY: PublicAffairs, 2007: 149-162. Print.
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