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International Advisory Board - Professor Muhammad Yunus
 Muhammad Yunus was born in Bangladesh in 1940. He obtained his Ph.D. in economics from Vanderbilt University in the United States in 1969 after receiving a Fulbright scholarship. He first got involved in fighting poverty during a 1974 famine in Bangladesh. He discovered that very small loans could make a disproportionate difference to a poor person. His first loan consisted of USD$ 27 from his own pocket. Yunus’s vision is the total eradication of poverty from the world. His work with Grameen (for which he and the organisation shared the 2006 Nobel Peace Prize) is a fundamental rethinking of the economic relationship between the rich and the poor. The World Bank recently acknowledged that “This business approach to the alleviation of poverty has allowed millions of individuals to work their way out of poverty with dignity”. | |
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