Muhammad Yunus
Overview
Muhammad Yunus (born 28 June 1940) is a Bangladesh
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...

i economist and founder of the Grameen Bank
Grameen Bank
The Grameen Bank is a microfinance organization and community development bank started in Bangladesh that makes small loans to the impoverished without requiring collateral...

, an institution that provides microcredit
Microcredit
Microcredit is the extension of very small loans to those in poverty designed to spur entrepreneurship. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit...

 (small loans to poor people possessing no collateral) to help its clients establish creditworthiness and financial self-sufficiency. In 2006 Yunus and Grameen received the Nobel Peace Prize
Nobel Peace Prize
The Nobel Peace Prize is one of the five Nobel Prizes bequeathed by the Swedish industrialist and inventor Alfred Nobel.-Background:According to Nobel's will, the Peace Prize shall be awarded to the person who...

. Yunus himself has received several other national and international honors.

He is a member of advisory board at Shahjalal University of Science and Technology
Shahjalal University of Science and Technology
Shahjalal University of Science and Technology, commonly known by its initials SUST, is a state supported public research university located in Sylhet, Bangladesh. It is the first specialized Science & technology University of the country. The medium of instructions is English...

.
Quotations

'I believe that "government", as we know it today, should pull out of most things except for law enforcement and justice, national defense and foreign policy, and let the private sector, a "Grameenized private sector", a social-consciousness-driven private sector, take over their other functions.'

Autobiography : Banker to the Poor (2001)

Poor people always pay back their loans. It's us, the creators of institutions and rules, who keep creating trouble for them.

Grameen Bank II: Designed to Open New Possibilities (2002)

Poverty has been created by the economic and social system that we have designed for the world. It is the institutions that we have built, and feel so proud of, which created poverty.them.

"Eliminating Poverty Through Market-Based Social Entrepreneurship" in Global Urban Development Magazine (May 2005)

I will not spend the money for myself. I will rather spend it in special business on a no-profit-no-loss policy. We will also establish an eye hospital where even beggars will be given treatment at the cost of Taka 10-20.

The Daily Star (14 October 2006)

We will make yogurt with all kinds of nutritious elements. We want to provide nutrition to the poor and children.

The Daily Star (14 October 2006)

 
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