Yunus, Muhammad Financial Yunus,Muhammad,1940–,Bangladeshieconomistandbanker,b.Chittagong(theninBritishIndia),grad.VanderbiltUniv.,Nashville,Tenn.(Ph.D.1971).Yunus,whotaughteconomicsintheUnitedStatesafterreceivinghisdoctorate,returnedtohishomelandwhenitwonitsindependencefromPakistanin1972,andbecameaneconomicsprofe...
Muhammad Yunus is a Bangladeshi economist and founder of the Grameen Bank, an institution that provides microcredit (small loans to poor people possessing no collateral) to help its clients establish creditworthiness and financial self-sufficiency. In 20
Yunus believed that if given the chance the poor would__9_ the borrowed money, and microcredit(小额信贷)could be a good business model. He got all the money back, and then he went to other_ 10 and did the same thing. T he official banks didn't want to get involved in what he ...
Muhammad Yunusis a Bangladeshi banker, professor, economist, and Nobel Peace Prize, recipient. When he was a professor at the University of Chittagong he developed the concept of microcredit and microfinance. These loans are given especially to poor women for their self-development. He won Nobel...
Two years later, in 1976, Yunus founded the Grameen Bank to make such loans on a wider scale, mostly to people with no collateral who would not be served by typical banks. The notion became known as microcredit, and as it spread to other countries it gave thousands of people the ...
Yunus believed that if given the chance the poor would 9 the borrowed money, and microcredit could be a good business model. He got all the money back, and then he went to other 10 and did the same thing. The official banks didn't want to get involved in what he was doing, so ...
It was this "discovery" of microcredit that would lead him toward the beginnings of forming the Grameen bank and his future Nobel Prize. Yunus began borrowing money from other banks to make loans to the poor, initially as part of a pilot program that ran from 1976 to 1983.2 In 1983, Yunu...
Microcreditloans may be small, but their impact on the world isvery big.1. Why did Muhammad Yunus found the Grameen Bank?DA. Because he wanted to make himself become famous.B. Because he wanted to earn a lot of money soon.C. Because he wanted to win the Nobel Peace Prize.D. Because...
Yunus believed that if giventhe chance the poor would 29 the borrowed money, and microcredit(小额信贷) couldbe a good business model. He got all the money back, and then he went to other 30and did the same thing. The official banks didn't want to get involved in what he was doing,...
Yunus believed that if given the chance the poorwould9 the borrowed money, and microcredit could be a good business model. He gotall the money back, and then he went to other10 and did the same thing. The officialbanks didn't want to get involved in what he was doing, so Yunus11 ...