Profile

Programs

Achieving Lasting Peace by Eradicating Poverty
“I was not trained to understand self-help. I was trained, like all students of economics, to believe that all people, as they grow up, should prepare themselves to get jobs at the job market. If you fail to get a job, you register yourself for government charity. But I could not hold on to these beliefs when I faced the real life of the poor people in Bangladesh. For most of them [the] job market did not mean much. For survival they turned to economic activities on their own. But the economic institutions and policies did not take notice of their struggle. They were rejected by the formal systems for no fault of their own....” -From a speech given by Professor Yunus

Halving Poverty by 2015
“I have chosen to speak on the most daring of all Millennium Development Goals: halving poverty by 2015. I have chosen it for two reasons. First, this is the most courageous goal mankind ever set for itself. For the last two decades I have been talking about creating a world free from poverty. I talk about it not because it is unjust to have a world with poverty, which is, of course, true. I talk about it simply because I am totally convinced from my experience of working with poor people that they can get themselves out of poverty if we give them the same or similar opportunities as we give to others. The poor themselves can create a poverty-free world....” -From a speech given by Professor Yunus

Ending Global Poverty, One Loan at a Time
Muhammad Yunus is a Bangladeshi banker and economist. He previously was a professor of economics and is famous for his successful application of microcredit ; the extension of small loans. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. Yunus is also the founder of Grameen Bank.

In 2006, Yunus and the bank were jointly awarded the Nobel Peace Prize, "for their efforts to create economic and social development from below." Yunus himself has received several other national and international honors. He is the author of Banker to the Poor and a founding board member of Grameen Foundation. In early 2007 Yunus showed interest in launching a political party in Bangladesh named Nagorik Shakti (Citizen Power), but later discarded the plan. He is one of the founding members of Global Elders.

Books / Videos

Building Social Business: The New Kind of Capitalism That Serves Humanity′s Most Pressing Needs
The Nobel Peace Prize-winner shows how the social business model can harness the entrepreneurial spirit to address poverty, hunger, and disease
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Creating a World without Poverty: Social Business and the Future of Capitalism
In this newly updated national bestseller, Nobel Peace Prize–winner Muhammad Yunus outlines his vision of a new business model that combines the power of free markets with the quest for a more humane world.
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Banker to the Poor: Micro-Lending and the Battle against World Poverty
The simple idea of micro-loans is revolutionizing developing economies. Instead of lending large sums of money to often corrupt bureaucracies, economist Muhammad Yunus founded Grameen Bank to offer tiny sums, as little as $5, to individual craftspeople, tenant farmers, and subsistence entrepreneurs so they could keep themselves afloat between buying and selling.

That was in 1983. Sixteen years later, with $2.5 billion being dispersed annually to more than two million families in rural Bangladesh and repayment rates close to 100 percent, Yunus is being hailed as the father of a new economic model that is bringing people out of poverty. In Banker to the Poor, Yunus explains why his program works.
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