in economics from Vanderbilt in 1969 and the following year became an assistant professor of economics at Middle Tennessee State University. Replicas of the Grameen Bank model operate in more than 100 countries worldwide.īorn in 1940 in the seaport city of Chittagong, Professor Yunus studied at Dhaka University in Bangladesh, then received a Fulbright scholarship to study economics at Vanderbilt University. Yunus’ personal loan of small amounts of money to destitute basketweavers in Bangladesh in the mid-70s, the Grameen Bank has advanced to the forefront of a burgeoning world movement toward eradicating poverty through microlending. 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.įrom Dr. Professor Muhammad Yunus established the Grameen Bank in Bangladesh in 1983, fueled by the belief that credit is a fundamental human right. Share via Email: Muhammad Yunus – Biographical Share this content via Email.Share on LinkedIn: Muhammad Yunus – Biographical Share this content on LinkedIn.Tweet: Muhammad Yunus – Biographical Share this content on Twitter.Share on Facebook: Muhammad Yunus – Biographical Share this content on Facebook.
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