Muhammad Yunus was born in 1940 in Chittagong, a seaport in Bangladesh. The third of fourteen children, five of whom died in infancy, he was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. In 1972 he became the head of the economics department at Chittagong University.
In 1983 Yunus formed the Grameen Bank, meaning "village bank." In Bangladesh today, Grameen has 2,564 branches, with 19,800 staff serving 8.29 million borrowers in 81,367 villages. On any working day Grameen collects an average of $1.5 million in weekly installments. Of the borrowers, 97% are women and over 97% of the loans are paid back, a recovery rate higher than any other banking system. Grameen methods are applied in projects in 58 countries, including the US, Canada, France, The Netherlands and Norway. In 2006, Yunus was awarded the 2006 Nobel Peace Prize.
Mohammad Yunus' books include Banker to the Poor, Creating a World Without Poverty, and Building Social Business.
This biography was last updated on 06/14/2011.
A note about the biographies
We try to keep BookBrowse's biographies both up to date and accurate. However, with over 2500 lives to keep track of it's inevitable that some won't be as current or as complete as we would like. So, please help us - if the information about a particular author is out of date, inaccurate or simply very short, and you know of a more complete source, please let us know. Authors and those connected with authors: If you wish to make changes to your bio, please send your complete biography as you would like it displayed so that we can replace the old with the new.
Members read and review books ahead
of publication. See what they think
in First Impressions!
Visitors can view a lot of BookBrowse for free. Full access is for members only
When men are not regretting that life is so short, they are doing something to kill time.
Click Here to find out who said this, as well as discovering other famous literary quotes!
Solve this clue:
and be entered to win..
Books thatinspire you.Handpicked.
Books you'll stay up all night reading; books that will whisk you to faraway places and times, books that will expand your mind and inspire you -- the kinds of books you just can't wait to tell your friends about.