Sub-subject: Muhammad Yunus (Muslim, Nobel Peace Prize). Syllabus:
Sample of the Sub-subject: Muhammad Yunus (Bangladesh)
Sub-Subject Description: Muhammad Yunus (Bangladeshi Businessperson).
As an economics professor, Yunus developed the concept of microcredit and microfinance. These loans are granted to poor entrepreneurs to access traditional Bank loans.
Muhammad Yunus was born into a Muslim family in Bathua (Chittagong) in 1940. He was the third of fourteen children, of whom five died in infancy. His father was a successful goldsmith who always encouraged his children to seek higher education. However, his biggest influence was his mother, Sufia Khatun.
In 1983, Muhammad Yunus founded the Grameen Bank based on the principles of trust and solidarity. In the beginning, Yunus and his colleagues faced with violent radical leftist groups and conservative clergymen who were stating that Muslim women who had been borrowed to Grameen, would be denied a Muslim burial.
The Grameen Bank provides credits to the poor in rural Bangladesh, without any warranty.
“When a woman gets yields for its activity, which benefit first of all are their children” Muhammad Yunus.
“We are convinced that both in Africa and the Middle East, Muslim women have a fundamental role to play. The words of the Nobel Prize Muhammad Yunus are inspiring for us: “Economic growth and political democracy cannot achieve their full potential unless the female half of humanity participates in equality with men” Pedro Nonell - Director of the EENI.
EENI's scholarships for Muslim women are inspired by this vision of Muhammad Yunus.
In 2006, Muhammad Yunus and the Grameen Bank, created by it, received the Nobel Peace Prize. Yunus donated the €1.100,000 prize to charity.
The vision of Muhammad Yunus is to eliminate world poverty.