MUHAMMAD YUNUS
1940–
Economist and social entrepreneur Muhammad Yunus was moved to take action after seeing women struggling to escape poverty in his native Bangladesh. He established the concept of “microcredit”—small loans for people too poor to get traditional bank loans. The Grameen Bank he founded now has millions of beneficiaries around the world.
Born in Chittagong, Bangladesh, Muhammad Yunus studied for a PhD in economics in the US and taught there before returning to Bangladesh after it achieved independence. In 1974, he witnessed firsthand the horrors of a famine in which thousands of poor ...
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