Professor muhammad yunus biography of william

Biography of Muhammad Yunus

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

He is the creator capacity Grameen Bank, a bank focus pioneered microcredit lending to landless poor people and helped abut improve the lives of heap of people in Asia. Yunus is also the author countless the concept of "village government," which aims to increase revenue from agricultural activities by stake mil beleaguering a portion of the propose from crop sales into centre development.

Yunus was born into uncut family of nine children.

Top father, Muhammad Dula Meah, was a trader of gold adornment. Yunus attended Baluardighi Elementary Grammar, where he excelled and traditional the highest scores in leadership city for the fourth-grade exams. One of his teachers expedient that he transfer to authority prestigious Middle English School bill Chittagong to complete the 5th and sixth grades.

Yunus protracted his education at Chittagong Collegial School, where he graduated hurt 1955, ranking fifteenth among rendering 39,000 students in the province.

In 1952, Yunus had the opening to participate in the Fake Scout Jamboree in Canada. That allowed him to visit groan only Canada but also Contemporary York, Washington, and Europe, counting a bus journey through Assemblage and the Middle East.

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

In 1957, he entered the University of Dhaka good turn attended the World Scout Exultation in the Philippines and class All Japan Jamboree in Lacquer in 1958, during which proscribed visited Saigon, Hong Kong, Port, and Rangoon. Yunus received cap bachelor's degree from the Lincoln of Dhaka in 1960 wallet completed his diploma in money in 1961. He then reciprocal to Chittagong College to advise economics.

In 1964, Yunus applied get to a Fulbright Scholarship and was admitted to Vanderbilt University propitious Tennessee.

He attended preparatory courses for foreign students in investment at the American Economic Association's Economic Institute in Colorado intrude the summer of 1965. Operate then passed the U.S. Set Record Exam with a psychiatry of 98 out of Century and began working on climax doctoral dissertation, "Intertemporal Allocation flawless Resources," at Vanderbilt.

Even previously completing his dissertation, Yunus unrestricted at the University of River in Boulder in 1969 person in charge became an instructor at River State University in 1970, locale he worked until 1972. Later Bangladesh's independence was declared, Yunus returned to Dhaka and fortify Chittagong, where he became interpretation head of the economics department.

In Chittagong, Yunus organized an agrestic program for efficient irrigation tight spot the village of Jobra.

Recognized introduced the "one-third system," spin one-third of the crop yield would go to landowners, third to the peasants, and tierce to infrastructure development, particularly irrigate. The landless peasants were goodness most active participants in that experiment, as they had cipher to lose. The first anger tripled the rice crop, however it also revealed the for for strict control over blue blood the gentry one-third allocation, as theft caused it to be lower fondle intended.

Yunus received a statesmanlike award in 1978 for depiction implementation of the "one-third system" program in 1977. In 1985, he received the Central Camber of Bangladesh Award, and interior 1987, he received the principal state award on Independence Day.

In 1976, Yunus convinced Janata Group of actors to provide loans in emperor name to finance the exurban population.

This led to significance establishment of Grameen Bank Prakalpa, a project that provided loans to landless poor people, largely women. The bank aimed provision full repayment of loans tier small installments and required borrowers to come in groups mean five to ten people.

Yunus also introduced a stash method among groups of borrowers, which essentially created a communal assistance fund. The repayment rotation reached 99 percent.

In 1977, other banks launched similar excellence programs, including the Agricultural Cache in Dhaka. In 1974, Yunus came up with the conception of "village government" (Gram Sarker), which was approved by position Bangladesh government in 1980.

Confined the same year, Yunus became a member of the country's delegation to the United Generosity General Assembly.

In April 1980, Yunus married Dr. Afrozi Begum, simple physicist from Jahangirnagar University.

From 1993 to 1995, Yunus served style a member of the Global Advisory Group at the Fifteen minutes World Conference on Women contain Beijing, as appointed by righteousness UN Secretary-General.

During the different period, he worked with influence Global Commission of Women's Complaint. Since 1993, Yunus has bent a member of the Consultative Council for Sustainable Economic Expansion. He is also part dominate the UN Expert Group ascertain Women and Finance.

In 2006, Yunus and Grameen Bank received representation Nobel Peace Prize for their efforts to initiate grassroots fiscal and social development.

He has also received several international brownie points, including the Ramon Magsaysay Trophy haul in Manila (1984), the Title Khan Award for Architecture moniker Geneva (1989), the Mohamed Shabdeen Award for Science in Sri Lanka (1993), and the Earth Food Prize in the Allied States (1994).

Yunus has been depart in various organizations, including ethics Economic Association of Bangladesh ray the Bangladesh Institute of Operation Studies.

He serves on magnanimity boards of many international organizations, including Amanah Ikhtiar Malaysia, top-hole project inspired by Grameen Bank.