Muhammad Yunus

Muhammad Yunus was born in 1940 in Chittagong, the business centre of Eastern Bangladesh, He
was the third of 14 children. Educated in Chittagong, he was awarded a full bright scholarship and
he received his Ph. D from Vanderbilt University, in U.S.A. In 1972 he became head of the
Economics department at Chittagong University. He is the founder and Managing Director of the
Grameen Bank. In 1997, Professor Yunus organised the world's first Micro Credit Summit in
Washington D. C. Professor Yunus is an economist. He planned to alleviate poverty from the world.
He introduced microcredit system among a limted number of poor people and his plan 'worked.
Then he set up a bank, Grameen Bank. Through this bank he worked for the poor and gave
financial support to make them self-employed. His programmes succeeded and thousands of poor,
powerless people could escape from poverty. They trusted Yunus as a helping hand and he was
trusted to be a famous name. His micro-credit brought wealth to the underprivileged of many