Muhammad Yunus

Economist, Social Entrepreneur, Statesman

Bangladeshi Chittagong, Bangladesh

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Quick Info

ProfessionEconomist, Social Entrepreneur, Statesman
NationalityBangladeshi
Date of Birth28/06/1940
Age85 years
BirthplaceChittagong, Bangladesh

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Bio/Wiki

Muhammad Yunus is a Bangladeshi economist, social entrepreneur, and founder of Grameen Bank, which pioneered microcredit lending to the poor without collateral.
Born in Chittagong, he studied economics at Dhaka University and earned a Ph.D. from Vanderbilt University in 1969 on a Fulbright scholarship.
After teaching briefly in the US, he returned to Bangladesh in 1972 to head the Economics Department at Chittagong University.

Career

Key Milestones
  • 1972: Joined Economics Department, Chittagong University as Head
  • 1976: Started microcredit experiments in Jobra village
  • 1983: Founded Grameen Bank
  • 2006: Nobel Peace Prize
  • 2024-2026: Chief Adviser of Bangladesh interim government
  • 1974: Pioneered Gram Sarkar village government programme
  • 2024: Appointed Chief Adviser of Bangladesh interim government on 6 August following political unrest and resignation of Prime Minister Sheikh Hasina

Some Lesser Known Facts

1. Pioneered Gram Sarkar village government programme in 1974, adopted by government.
2. Received US Presidential Medal of Freedom.
3. First Bangladeshi Nobel Peace Prize winner.
4. Developed the concept of microcredit after lending his own money to 42 villagers in Jobra in 1976 to help them escape usurious moneylenders.
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