Complimenting his work with microcredit, Prof. Yunus pioneered the global social business movement. 562,798 - en.wikipedia.org 29. In the prize announcement The Norwegian Nobel Committee mentioned:[2]. Joint Ventures. Muhammad Yunus Fortune News and Updates from The Economictimes.com. [15] After observing the famine of 1974, he became involved in poverty reduction and established a rural economic programme as a research project. Prof. Yunus questions Adam Smith’s assumption that a “human being is basically a personal-gain-seeking being” and asks us to consider the social dimension to the decisions and investments we make. [39] Other notable awards include the Ramon Magsaysay Award in 1984,[16] the World Food Prize,[40] the International Simon Bolivar Prize (1996),[41] the Prince of Asturias Award for Concord[42] and the Sydney Peace Prize in 1998,[43] and the Seoul Peace Prize in 2006. Friends of Wimler FB Group . "[67] Nelson Mandela announced the formation of this new group, The Elders, in a speech he delivered on the occasion of his 89th birthday. It is 'aimed primarily at promoting and disseminating Professor Yunus' philosophy, with a special focus on social business' and currently chaired by Prof. Muhammad Yunus. [130] Meanwhile, Yunus turned down his request to become the nation's fourth Chief Advisor after Khaleda Zia's term ended. Much to Yunus' surprise, the basket weavers actually paid off the loans -- We want to lead by example and have implemented several organization policies and practices to reduce our carbon footprint. The former put the latter on trial in 2010 and ultimately removed him from Grameen Bank, citing that too old to run the Bank which he founded in 1983. [31] In the book[32] Grameen Social Business Model, its author Rashidul Bari said that Grameen's social business model (GSBM) has gone from being theory to an inspiring practice adopted by leading universities (e.g., Glasgow), entrepreneurs (e.g., Franck Riboud) and corporations (e.g., Danone) across the globe. Prophet Muhammad Yunus had the courage and integrity to acknowledge his mistakes publicly. Fortune's Sheridan . [69], Yunus is a member of the Africa Progress Panel (APP), a group of ten distinguished individuals who advocate at the highest levels for equitable and sustainable development in Africa. Trouvé à l'intérieur – Page 87As preservers, Fortune types' collecting and saving traits manifest in the form of environmental conservation in the Divine stage. ... In the banking world, the micro-credit system, formulated by the visionary economist Muhammad Yunus, ... Case Muhammad Yunus: Founder of Grameen Bank and winner of the Nobel Peace Prize (2006) Muhammad Yunus is a classic example of a social entrepreneur. FactSnippet No. [5][6] Previously, he was a professor of economics at Chittagong University in Bangladesh. Muhammad Yunus Fortune Blogs, Comments and Archive News on Economictimes.com Have you read these stories? 14.17 % Invest Now. According to Yunus's lawyer, the allegations are "false and baseless". [147] They were married in 1970. In the early 1970s Muhammad Yunus was teaching economic theory to students in a university classroom in Bangladesh. In 2013, he was put on trial for a second time because he had supposedly received earnings without the necessary . He is a Bangladeshi banker, economist and Nobel Peace Prize receiver. This book delivers on both counts." —Stuart L. Hart, S.C. Johnson Chair of Sustainable Global Enterprise, Cornell University; author, Capitalism at the Crossroads "You Can Hear Me Now describes the human drama of the poor adopting ... [citation needed] On Google+, Yunus is one of the most followed people worldwide, with over two million followers. [33], Former US president Bill Clinton was a vocal advocate for the awarding of the Nobel Prize to Yunus. ", "A Nobel Prizewinner's Hat Alters the Political Ring in Bangladesh", "Bangladesh asked to find a compromise to end bank crisis", "Nobel laureate Yunus loses fight to keep job at microlender", "Professor Yunus: Grameen Bank and Bangladeshi politics", "Bangladesh government's religious body targets Nobel winner Yunus", "Bangladesh: Corruption Allegations Against Muhammad Yunus (Taken Question)", "Middle Tennessee State University | Middle Tennessee State University", "The role of Muhammad Yunus in the Bangladesh Liberation War and thereafter", "Yunus names his political party Nagorik Shakti", "It is NOT Moeen, Stupid! 16 % Invest Now. [79] However, Bank General Manager Jannat-E Quanine issued a statement that Yunus was "continuing in his office" pending review of the legal issues surrounding the controversy . [75] This inquiry prevented Muhammad Yunus from participating in the World Economic Forum. When her conversation ended with Jagland, she received another call, this one from Laily Begum, a Grameen telephone employee. Adani Green 1,215.95 57.65. WIMLER Foundation Hong Kong, Ltd. Rm 913, 9/F Hollywood Plaza 610 Nathan Road Mong Kok, Kowloon, Hong Kong (SAR) +852 5191 0902 info@wimler.org. Screened on Norwegian television on 30 November 2010, the film broadcast the allegation that Yunus stashed approximately $100 million[134] in 1996 into Grameen Kalyan, a sister company of Grameen Bank. In addition he received more than 60 honorary degrees from more than 25 countries and more than 140 awards from more than 35 countries. Final pitch competition At the end of the program, Y&Y Fellows pitch . Economist Muhammad Yunus had a theory: He believed that small, collateral-free loans could enable Bangladesh's unbanked poor to start businesses and lift themselves out of poverty. Microfinancing is considered one of the most effective strategies in the fight against global poverty. Told with humor and compassion, The International Bank of Bob brings the world to our doorstep, and makes clear that each of us can, actually, make it better. The 2006 Nobel Peace Prize was awarded today to the Grameen Bank of Bangladesh and its founder, Muhammad Yunus, for pioneering microcredit — using loans of tiny amounts to . Our solutions are based on the UN Sustainable Development Goals targeting a combination of different goals in each specific project, while always contributing to Professor Yunus’ vision of “A World of Three Zero’s”: Zero Poverty, Zero Unemployment and Zero Net Carbon Emissions. In 2012, Fortune magazine recognized Professor Yunus as "one of the 12 greatest entrepreneurs of our time." Professor Muhammad Yunus has long envisioned a world free from poverty. Professor Muhammad Yunus established the Grameen Bank in Bangladesh in 1983, fueled by the belief that credit is a fundamental human right. The Grameen model moved on to more than 100 countries worldwide and . We enable community support networks, bring social business solutions to the international community and raise awareness for the urgency of the environmental crisis. Muhammad Yunus is one of only seven persons to have won the Nobel Peace Prize, Presidential Medal of Freedom . [47], Yunus was named by Fortune Magazine in March 2012 as one of 12 greatest entrepreneurs of the current era. [17], His concept of microcredit for supporting innovators in multiple developing countries also inspired programmes such as the Info lady Social Entrepreneurship Programme.[18][19][20]. And now, in Small Loans, Big Changes, author Alex Counts reveals how Nobel Prize Winner Muhammad Yunus revolutionized global antipoverty efforts through the development of this approach. the world. In 1976, he created the first institution to provide micro-loans to empower the poor to become entrepreneurs. In 1974 we ended up with a famine in the country. Apple co-founder Steve Jobs has earned the top spot in Fortune magazine's list of the top 12 entrepreneurs of our time.Jobs bested Microsoft's Bill Gates, FedEx's Fred Smith and Amazon's . It is mandatory to procure user consent prior to running these cookies on your website. Yunus was named by Fortune Magazine in March 2012 as one of 12 greatest entrepreneurs of the current era. Muhammad Yunus (Bengali: মুহাম্মদ ইউনূস; born 28 June 1940) is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance.These loans are given to entrepreneurs too poor to qualify for traditional bank loans. For his constant innovation and enterprise, the Fortune Magazine named Professor Yunus in March 2012 as "one of the greatest entrepreneurs of our time." In 2006, Professor Yunus and Grameen Bank were jointly awarded Nobel . In his book A World of Three Zeros, Prof. Yunus mentions that capitalism is doing just what it is meant to do: create and concentrate wealth. [3], In 2008, he was rated number 2 in Foreign Policy magazine's list of the 'Top 100 Global Thinkers'.[4]. The mentors are professionals who currently work at Fortune 500 companies, bringing knowledge and know-how from the private sector. [35] In a speech given at University of California, Berkeley in 2002, President Clinton described Yunus as "a man who long ago should have won the Nobel Prize [in Economics and] I'll keep saying that until they finally give it to him. Yunus has also become subject to legal harassment over three criminal cases. [104] Vikas Bajaj wrote in the Taking Note editorial blog of The New York Times on 7 November 2013: The government of Bangladesh has played its trump card in its long-running campaign against Grameen Bank and its founder Muhammad Yunus. Trouvé à l'intérieur1. Muhammad Yunus, “Nobel Lecture,”, December 10, 2006, http:// nobelprize.org/nobel_prizes/peace/laureates/2006/yunus-lecture-en.html. 2. See, for example, C. K. Prahalad, The Fortune at the Bottom of the Pyramid: Eradicating Poverty ... His father was Hazi Dula Mia Shoudagar and his mother was Sufia Khatun Yunus. Muhammad Yunus is the chairman of the Yunus Centre and the founder of Grameen Bank, currently operating 1,781 branches and providing credit to 5.6 million poor people residing in 60,815 villages in Bangladesh. Sheridan Prasso reports in Fortune magazine regarding his observation on Professor Yunus' first vnture about social business: Along a dirt road in Bangladesh's green, fertile heartland, 140 miles northwest of Dhaka, workers in flip-flops are hauling bricks, pouring cement and hammering boards. In 1975, he developed a Nabajug (New Era) Tebhaga Khamar (three share farm) which the government adopted as the Packaged Input Programme. ", "Profile: Muhammad Yunus, 'world's banker to the poor, "Grameen Fund ventures on Grameen official website", "World in Focus: Interview with Prof. Muhammad Yunus", "Muhammad Yunus, Ashoka's Global Academy Member, Wins Nobel Peace Prize", "Yunus wins peace Nobel for anti-poverty efforts", "Transcript of the Jan. 29, 2002 talk by former President Bill Clinton at the University of California, Berkeley", "President Obama Names Medal of Freedom Recipients", "MUHAMMAD YUNUS RECEIVES 1996 INTERNATIONAL SIMON BOLIVAR PRIZE AT UNESCO", "Nicolás Castellanos, Vicente Ferrer, Joaquín Sanz Gadea and Muhammad Yunus, 1998 Prince of Asturias Award for Concord", "The 12 greatest entrepreneurs of our time", "Houston mayor declares 14 January 'Yunus Day, "Seventh Nelson Mandela Annual Lecture address – Nelson Mandela Centre of Memory", "Professor Muhammad Yunus' Commencement Speech", "Yunus Speaks About Capitalism, Poverty, and the Future of 'Social Business'", "Adam Smith Lecture at Glasgow University", "Parliament with honest, efficient must for development", "Yunus not willing to be caretaker chief", "Yunus seeks people's views on floating political party", "Bangladesh Nobel Laureate Announces His Political Party's Name", "Nelson Mandela and Desmond Tutu announce The Elders", "Jobs, Justice and Equity: Seizing opportunities in times of global change", "SNV Netherlands Development Organisation establishes International Advisory Board", High-Level Commission on Health Employment and Economic Growth – Commissioners, "Yunus suggests 7-point proposal for resolving Rohingya crisis", "Nobel-winning microcredit bank comes under scrutiny", "Bangladesh Nobel winner Yunus should 'stay away, "Bangladesh Inspects Grameen Bank and Muhammad Yunus", "Bangladesh Trying To Fire Muhammad Yunus, Nobel Laureate, From Microlender Grameen", "Yunus files writ petition against his removal", "Another writ petition filed challenging govt decision", "US senator Kerry 'deeply concerned' at Yunus removal", "Thousands in Bangladesh protest at Yunus sacking", "Bangladesh judge confirms Yunus sacking", "The need for a balanced development policy", "Profit-focused MFIs are loan sharks: Yunus", "Sacrificing Microcredit for Megaprofits", "SKS Launches India's First Microfinance IPO", "Quick: What's the Grameen Bank's Interest Rate? We build new ventures together with companies, foundations and other organizations and replicate existing solutions adapted to the local context in new regions. Oct. 13, 2006. Now he . [97] At the hearing, Yunus was granted bail and exempted from personal appearance at subsequent hearings. 38 Facts About Muhammad Yunus. Aside from the Nobel Peace Prize, Prof. Yunus is the recipient of the Congressional Gold Medal & the Presidential Medal of Freedom. For his constant innovation and enterprise, Fortune Magazine named Professor Yunus in March 2012 as "one of the greatest entrepreneurs of our time." In 2006, Professor Yunus and Grameen Bank . [66], In July 2007 in Johannesburg, South Africa, Nelson Mandela, Graça Machel and Desmond Tutu convened a group of world leaders "to contribute their wisdom, independent leadership and integrity to tackle some of the world's toughest problems. This book presents compelling stories of women benefiting from Yunus's microcredit in rural Bangladesh . He and the Grameen Bank he founded won the Nobel Peace Prize in 2006. Nobel Laureate, Professor Muhammad Yunus is the father of both social business and microcredit, the founder of Grameen Bank, and of more than 50 other companies in Bangladesh. Trouvé à l'intérieur – Page 116(Fortune Magazine source, next page) With unusual vision, drive, and results, Muhammad Yunus has provided opportunities for literally millions of new entrepreneurs to pursue their dreams, either on their own, or working for Grameen Bank ... Professor Muhammad Yunus is the recipient of 55 honorary degrees from universities across 20 countries. The High Court hearing on the petitions, was planned for 6 March 2011 but postponed. [152] Yunus later married Afrozi Yunus, who was then a researcher in physics at Manchester University. For his constant innovation and enterprise, the Fortune Magazine named Professor Yunus in March 2012 as "one of the greatest entrepreneurs of our time." In 2006, Professor Yunus and Grameen Bank were jointly awarded . Yunus sits on the Board of United Nations Foundation, Schwab Foundation, Prince Albert II of Monaco Foundation, Grameen Credit Agricole Microcredit Foundation. [83] The same day in Bangladesh, thousands of people protested and formed human chains to support Yunus. This book shares proven, “on-the-ground” insights for building “Base of the Pyramid” businesses that really are sustainable and green, will help alleviate social ills, and can scale to significant size and profitability. And I was feeling terrible that here I teach elegant theories of economics, and those theories are of no use at the moment with the people who are going hungry. At this event, 50 heads of state and high-level officials from 137 nation-states gathered in Washington, DC, to discuss solutions to poverty. Bad Blood raconte l’histoire captivante du plus gros scandale industrie depuis Enron, à travers un récit édifiant tissé autour de promesses imprudentes et de l’ivresse financière de la Silicon Valley. Grameen has loaned $17.4 billion to 8.7 million . For his constant innovation and enterprise, Fortune magazine named Professor Yunus "one of the greatest entrepreneurs of our time" in March 2012. He is perhaps best known for founding the Grameen Bank which offers microcredit and micro-financing schemes for people from low income groups looking to fund their daily expenses or business ventures in an attempt to free them from exploitation and bring them out of the poverty cycle. For his constant innovation and enterprise, Fortune Magazine named Professor Yunus in March 2012 as "one of the greatest entrepreneurs of our time." At the Opening Ceremony of the Olympic Games . Insights from top sources Y&Y offers Fellows the opportunity to learn from top social business thinkers, such as Professor Muhammad Yunus and researchers from prominent institutions. On 4 October 2013, Bangladesh's cabinet has approved the draft of a new law that will give the country's central bank closer control over Grameen Bank,[148] raising the stakes in a long-running dispute with the pioneering microlender. Trouvé à l'intérieur – Page 269Social Business and the Future of Capitalism Muhammad Yunus ... in a way that has never been tried before....yunus isn't calling for capitalism's abolition; he's calling for its enlightenment.” —Sheri PraSSo, Fortune magazine ... The Yunus Centre, in Dhaka, Bangladesh, is a think tank for issues related to social business, working in the field of poverty alleviation and sustainability. [124] Inspired by the birth of Bangladesh in 1971, Yunus returned home in 1972, to help Mujib rebuild the nation shattered by a long and bloody war. Trouvé à l'intérieurYunus, Creating A World, 21–30; Muhammad Yunus, “Nobel Lecture,” December 10, ... See also Sheridan Prasso, “Saving the World One Cup of Yogurt At a Time,” Fortune 155:31 (February 9, 2007): 96–102; Vikas Bajaj, “Out to Maximize Social ... It's called social business enterprise, and the first step is a yogurt factory in Bangladesh. All Latest Stories Companies International The Buzz Fortune 500 Video Tablet View 159 65 12. Trouvé à l'intérieur – Page 508More recently, Warren Buffett (7) announced he would donate his fortune, and, with Bill Gates (8), launched the Giving Pledge ... Nobel Peace Prize winner Muhammad Yunus alleviated poverty in Bangladesh when he launched Microfinance. But this is not to say that give me 1,000 dollars, I will make my own fortune. Captain Babar Azam led by example as Pakistan beat India in a World Cup match for the first time ever with a . In 1972, following studies in Bangladesh and the USA, Yunus was appointed . FEATURED FUNDS ★★★ ★★ ICICI Prudential Midcap Direct Plan-Growth. The success of the Grameen Bank has created optimism about the viability of banks engaged in extending micro-credit to the poor. This book shares proven, “on-the-ground” insights for building “Base of the Pyramid” businesses that really are sustainable and green, will help alleviate social ills, and can scale to significant size and profitability. Pakistan defeat India by 10 wickets. Trouvé à l'intérieur – Page 73Muhammad Yunus, Mullā Muḥammad Yūnus Ǧān, محمد يونس جان، (ملا), Muhammad Yunus Djan Tashkandi Timur Kasymovich Beĭsembiev ... I considered such a peace a great opportunity and a good fortune , wrote a report to his Worship the late Amir ... A food inspector filed another case against Yunus,[139] alleging that yogurt manufactured by the Grameen-Danone was adulterated. [12] During his school years, he was an active Boy Scout, and travelled to West Pakistan and India in 1952, and to Canada in 1955 to attend Jamborees. Trouvé à l'intérieur – Page 116C.K. Prahalad, The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits (Philadelphia: ... Muhammad Yunus, Banker to the Poor: Micro-Lending and the Battle against World Poverty (New York: PublicAffairs, 2007). 16. He expressed this in Rolling Stone magazine[34] as well as in his autobiography My Life. Muhammad Yunus on tech, profit and the poor The Bangladeshi Nobel laureate wins yet another award - this time for contributions to technology. [127] The New York Times reports: Since then, the government has started an investigation into the bank and is now planning to take over Grameen — a majority of whose shares are owned by its borrowers — and break it up into 19 regional lenders. [128], Hasina thought that the Norwegian Nobel Peace Prize Committee would give her the prize for signing a peace treaty, the Chittagong Hill Tracts (CHT) in 1997. After his graduation, Yunus joined the Bureau of Economics as a research assistant to the economics researches of Nurul Islam and Rehman Sobhan. crushing hunger and poverty. So I wanted to see if as a person, as a human being, I could be of some use to some people. - Muhammad Yunus while talking about reason behind creating Grameen Bank [28], The success of the Grameen microfinance model inspired similar efforts in about 100 developing countries and even in developed countries including the United States. He received the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010. [15], Yunus's brother Muhammad Ibrahim is a former professor of physics at the University of Dhaka and the founder of The Center for Mass Education in Science (CMES), which brings science education to adolescent girls in villages. Trouvé à l'intérieur – Page 265Coimbatore K. Prahalad, The Fortune at the Bottom of the Pyramid (Philadelphia: Wharton School Publishing, 2009). 37. Muhammad Yunus, Building Social Business (New York: PublicAffairs, 2011). 38. Janelle A. Kerlin, “Social Enterprise in ... On 2 August 2012, Sheikh Hasina's approved a draft of "Grameen Bank Ordinance 2012[145]" to increase government control over the bank. A criminal defamation case was filed against Yunus[98] for criticising politicians in 2007. [95], Though Grameen Bank was quickly cleared by the Norwegian government of all allegations surrounding misused or misappropriated funds in December 2010, in March 2011 the Bangladeshi government launched a three-month investigation of all Grameen Bank's activities. The trial of Muhammad Yunus[104] is the series of trials launched by Prime Minister Sheikh Hasina of Bangladesh against Muhammad Yunus. In its citation, Fortune Magazine said "Yunus' idea inspired countless numbers of young people to devote themselves to social causes all over the world." In January 2012, Yunus featured in Transformative Entrepreneurs: How Walt Disney, Steve Jobs, Muhammad Yunus and Other Innovators . In 2006, Time magazine ranked him as one of the top 12 business leaders. At this macroevent for microcredit, Hasina had nothing but praise for her fatherly figure. Nobel Laureate Professor Muhammad Yunus, the founder of Grameen Bank, and of more than 50 companies, in Bangladesh, each aiming at addressing a specific social problem, father of microcredit and the concept of social business, which are now being implemented all around the world. [77] On 2 March 2011, Muzammel Huq – a former Bank employee, whom the government had appointed Chairman in January[78] – announced that Yunus had been fired as Managing Director of the Bank. Trouvé à l'intérieurParmileshommes qui sont autant de prophètes d'un autre avenir possible, jeveux évoquer Muhammad Yunus, leprix Nobel dela ... dont ilest capable, ajoutant quebâtirun «businesssocial » estbien préférable à fairela charité avecsa fortune. Become a WIMLER Partner Today. He talks to Fortune about where tech might take the poor. The fisheries project became Grameen Motsho ("Grameen Fisheries Foundation") and the irrigation project became Grameen Krishi ("Grameen Agriculture Foundation"). Grameen . Muhammad Yunus was elected as the world's second most intelligent person in the list of "Top 100 . Trouvé à l'intérieur – Page 120That's Muhammad Yunus from ... It's the 16 - cylinder , Fortune - 500 , Mogul- 32,288 villages . It had lent out $ 671.66 mil- about time the Small Business ... appears with others Muhammad Yunus ' good idea is muirements for a loan .
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