38 Facts About Muhammad Yunus

1. Prophet Muhammad Yunus had the courage and integrity to acknowledge his mistakes publicly.

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2. Prophet Muhammad Yunus was against this, and he demanded social and economic justice.

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3. In 1976 Muhammad Yunus began a program of "micro" loans, a credit system designed to meet the needs of the poor in Bangladesh.

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4. In 2006, Professor Muhammad Yunus was awarded the Nobel Peace Prize for his outstanding services for the eradication of poverty, which he shared with his company.

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5. In 1983, Professor Muhammad Yunus formally set up his own bank by the name of Grameen Bank.

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6. Muhammad Yunus was struck with the wretched poverty of the working class.

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7. Muhammad Yunus was an active Scout during his school years and travelled extensively to West Pakistan, Europe, USA, India, Canada, Japan and Philippines to attend Scout meetings.

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8. Muhammad Yunus is married to a professor of physics, and his American-born daughter, Monica Yunus, grew up to become a soprano who has performed with the Metropolitan Opera of New York.

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9. Muhammad Yunus launched Grameen Shakti, which sells solar panels and other sources of renewable energy, and lured French foods giant Danone to set up a joint project that included a large food processing plant in Bangladesh that would sell much-needed infant formula at an affordable price.

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10. Muhammad Yunus took his idea to banks in Chittagong and Dhaka, proposing that they would provide the $27 directly to the entrepreneurs.

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11. Muhammad Yunus spent his earliest years in a village called Bathua, and his family eventually moved to Chittagong proper, where his father had a jewelry business.

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12. Muhammad Yunus was born in 1940 in Chittagong, a seaport city on the Karnaphuli River near the Bay of Bengal.

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13. Muhammad Yunus established this "Bank of the Villages" in 1983 to provide what are known as microloans to those who otherwise had no access to credit or capital.

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14. In 2007 Muhammad Yunus considered forming a political party in Bangladesh.

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15. In 1974 Muhammad Yunus took his economics class into the local village of Jobra on a field trip, where, according to a now-wellknown story, as reported in Contemporary Heroes and Heroines, they "met a woman who made bamboo stools, but she earned just two cents for each.

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16. Muhammad Yunus was born on June 28, 1940, in the Bangladeshi seaport of Chittagong, when the city was still part of India under British rule.

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17. Muhammad Yunus is the moderator of several Talk show programmes in Bangladesh.

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18. On 27 January 2011, Muhammad Yunus appeared in court in a food-adulteration case filed by the Dhaka City Corporation Food Safety Court, accusing him of producing an "adulterated" yogurt whose fat content was below the legal minimum.

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19. In January 2011, Muhammad Yunus appeared in court in a defamation case filed by a local politician from a minor left-leaning party in 2007, complaining about a statement that Yunus made to the AFP news agency, "Politicians in Bangladesh only work for power.

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20. In September 2010, Muhammad Yunus criticized the IPO; in a debate with SKS founder Vikram Akula during the Clinton Global Initiative meeting, he said, "Microcredit is not about exciting people to make money off the poor.

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21. In March 2011, Muhammad Yunus petitioned the Bangladesh High Court challenging the legality of the decision by the Bangladeshi Central Bank to remove him as Managing Director of Grameen Bank.

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22. In July 2009, Muhammad Yunus became a member of the SNV Netherlands Development Organisation International Advisory Board to support the organisation's poverty reduction work.

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23. Muhammad Yunus is a member of the Africa Progress Panel, a group of ten distinguished individuals who advocate at the highest levels for equitable and sustainable development in Africa.

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24. Muhammad Yunus stepped down as an Elder in September 2009, stating that he was unable to do justice to his membership due to the demands of his work.

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25. Muhammad Yunus attended the launch of the group and was one of its founding members.

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26. Muhammad Yunus finally announced that he is willing to launch a political party tentatively called Citizens' Power on 18 February 2007.

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27. Muhammad Yunus was named among the most desired thinkers the world should listen to by the FP 100 in the December 2009 issue of Foreign Policy magazine.

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28. Muhammad Yunus was named by Fortune Magazine in March 2012 as one of 12 greatest entrepreneurs of the current era.

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29. Muhammad Yunus is one of only seven persons to have won the Nobel Peace Prize, Presidential Medal of Freedom, and the Congressional Gold Medal.

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30. Muhammad Yunus expressed this in Rolling Stone magazine as well as in his autobiography My Life.

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31. Muhammad Yunus was the first Bangladeshi to ever get a Nobel Prize.

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32. Muhammad Yunus was awarded the 2006 Nobel Peace Prize, along with Grameen Bank, for their efforts to create economic and social development.

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33. In December 1976, Muhammad Yunus finally secured a loan from the government Janata Bank to lend to the poor in Jobra.

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34. Muhammad Yunus published the Bangladesh Newsletter from his home in Nashville.

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35. Muhammad Yunus is a founding board member of Grameen America and Grameen Foundation, which support microcredit.

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36. Muhammad Yunus published several books related to his finance work.

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37. Muhammad Yunus received the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010.

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38. Muhammad Yunus 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.

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