YGB Gratitude Circle

Nobel Laureate Professor Muhammad Yunus is the father of both social business and microcredit, the founder of Grameen Bank, and of more than 50 other companies in Bangladesh. For his constant innovation and enterprise, Fortune Magazine named Professor Yunus in March 2012 as “one of the greatest entrepreneurs of our time.” In 2006, Professor Yunus and Grameen Bank were jointly awarded the Nobel Peace Prize Today, Grameen Bank lends out over $2.5 billion a year to 9 million poor women on the basis of trust only, no collateral with a repayment of over 98%. The impact of microcredit in enabling millions of people to lift themselves out of poverty helped to expose the shortcomings of a traditional banking system that denied its services to those who needed them most—the world’s poorest people. Dr. Yunus has expanded his micro credit to a much broader concept as Social Business, a selfless business whose purpose is to bring and end to a social problem. He is the recipient of 61 honorary degrees from universities across 24 countries. He has received 136 awards from 33 countries including state honors from 10 countries. He is one of only seven individuals to have received the Nobel Peace Prize, the United States Presidential Medal of Freedom, and the United States Congressional Gold Medal. Learn more about Dr. Yunus https://grameenfoundation.org/about-us/leadership/muhammad-yunus