Grameen Foundation is a 501(c) (3) non-profit organization. Grameen Foundation is a registered trademark. The author of this theory suggests that firm must be valuable, rare, imperfectly imitable and perfectly non sustainable. For more infomation, please contact us. Muhammad Yunus and the Grameen Bank (E): A Personal and Social Search for Inclusive Economic Development Dealing with Success: Attack and Defense $3.95 Add To Cart Education of David Hoffman: Economic Development and the Alaska Department of Community and Regional Affairs (A) … He is the founder of Grameen Bank and father of microcredit, an economic movement that has helped lift millions of families around the world out of poverty. Photography: Jared Leeds Muhammad Yunus won a Nobel Peace Prize for spreading the concept of microcredit—tiny loans to help poor people start businesses—via his Bangladesh-based Grameen Bank. Muhammad Yunus is Grameen founder. Dr Yunus was greatly influenced by his mother who was known to never turn away anyone in need. Bangladeshi entrepreneur who was awarded the Nobel Peace Prize for founding the Grameen Bank and for his work in the fields of microcredit and microfinance. Against the advice of banks and government, Yunus carried on giving out ‘micro-loans’, and in 1983 formed the Grameen Bank, meaning ‘village bank’ founded on principles of trust and solidarity. In 2006 Grameen and … But his biggest influence was Sufia Khatun – his mother , who always helped the poor people that knocked on their door. His dream is the total eradication of poverty from the world. The Grameen Bank and Yunus were together granted the Nobel Peace Prize in 2006 “for their endeavors to make monetary and social advancement from underneath.” Grameen Bank's objective since its establishment in 1983 has been to grant poor people small loans on easy terms - so-called micro-credit - and Yunus was the bank's founder. His objective was to help poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few sound financial principles so they could help themselves. They interviewed a woman who made bamboo stools, and knew that she had to borrow the equivalent of 15p to buy raw bamboo for each stool made. To cite this section MLA style: The Nobel Peace Prize 2006. What Can You Do With an Unsecured Personal Loan? There are two discernible eras in the life of Bangladesh’s Grameen Bank: with Muhammad Yunus and without. Recipient of the 2006 Nobel Peace Prize, Professor Muhammad Yunus is internationally recognized for his work in poverty alleviation and the empowerment of poor women. Give today and double your impact. The Nobel Peace Prize 2006 was awarded jointly to Muhammad Yunus and Grameen Bank "for their efforts to create economic and social development from below." He was the third of 14 children, of whom five died in infancy. His father was a successful goldsmith. Muhammad Yunus, (born June 28, 1940, Chittagong, East Bengal [now Bangladesh]), Bangladeshi economist and founder of the Grameen Bank, an institution that provides microcredit (small loans to poor people possessing no collateral) to help its clients establish creditworthiness and … Akhirnya pada tahun 1983 Muhammad Yunus berinisiatif mendirikan bank yang khusus melayani kaum miskin. He currently resides in Chittagong. In Bangladesh today, Grameen has 2,564 branches, with 19,800 staff serving 8.29 million borrowers in 81,367 villages. Yunus percaya dengan memberikan pinjaman kecil tersebut kepada masyarakat luas dapat menghilangkan … Had she been able to borrow at more advantageous rates, she would have been able to amass an economic cushion and raise herself above subsistence level. For $10 a month, a woman can lift up an entire village. This inspired him to commit himself to eradication of poverty.