Muhammad Yunus

Knowledge Identifier: +Muhammad_Yunus

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Muhammad Yunus

Bangladeshi banker, economist and Nobel Peace Prize recipient add

Category: Business

Born in 1940.

Countries: Bangladesh (30%), United States (20%), United Kingdom (14%)

Main connections: Grameen Bank, Ellen Johnson Sirleaf, Madeleine Albright

Linked to: Chittagong University, Vanderbilt University, United Nations Foundation, Chittagong College

 

Timeline


 

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Muhammad Yunus was born in 1940 add something


1944

In 1944, his family moved to the city of Chittagong, and he was shifted to Lamabazar Primary School from his village school add something


1949

By 1949, his mother was afflicted with psychological illness add something


1952

During his school years, he was an active Boy Scout, and traveled to West Pakistan and India in 1952, and to Canada in 1955 to attend Jamborees add something


1957

In 1957, he enrolled in the department of economics at Dhaka University and completed his BA in 1960 and MA in 1961 add something


1961

Later he was appointed as a lecturer in economics in Chittagong College in 1961 add something


1965

He was offered a Fulbright scholarship in 1965 to study in the United States add something


1967

In 1967 while Yunus attended Vanderbilt University, he met Vera Forostenko, a student of Russian literature at Vanderbilt University and daughter of Russian immigrants to Trenton, New Jersey , New Jersey, U.S. They were married in 1970 add something


1970

Introduced by president Ziaur Rahman in late 1970s, the Government formed 40,392 village governments as a fourth layer of government in 2003 add something


1971

Bangladesh Liberation War - During the Bangladesh Liberation War in 1971, Yunus founded a citizen's committee and ran the Bangladesh Information Center, with other Bangladeshis living in the United States, to raise support for liberation add something


1974

He became involved with poverty reduction after observing the famine of 1974, and established a rural economic program as a research project add something


1975

In 1975, he developed a Nabajug Tebhaga Khamar which the government adopted as the Packaged Input Programme add something


1976

In 1976, during visits to the poorest households in the village of Jobra near Chittagong University, Yunus discovered that very small loans could make a disproportionate difference to a poor person add something

 

Yunus finally succeeded in securing a loan from the government Janata Bank to lend it to the poor in Jobra in December 1976 add something

 

Grameen Bank - Grameen Bank originated in 1976, in the work of Professor Muhammad Yunus, Professor at University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor

 

Micro-enterprise - The concept of microenterprise and microfinance was pioneered in 1976 by Nobel Prize recipient Muhammad Yunus, founder of the Grameen Bank , in Bangladesh


1980

The Grameen Bank started to diversify in the late 1980s when it started attending to unutilized or underutilized fishing ponds, as well as irrigation pumps like deep tubewells add something


1983

On 1 October 1983 the pilot project began operations as a full-fledged bank and was renamed the Grameen Bank to make loans to poor Bangladeshis add something


1986

Their daughter Deena Afroz Yunus was born in 1986 add something


1996

Grameen Fund - "'Grameen CyberNet Limited"' is an internet content, solution and service provider in Gulshan, Dhaka, Bangladesh founded in July 1996 by Dr. Muhammad Yunus and Golam Mohiuddin, an entrepreneur prooting Apple Inc. in Bangladesh, as a joint venture between Grameen Fund, the venture capital arm of Grameen Bank, and CITech Limited, Mohiuddin's enterprise


1997

The Village Phone project of GP has brought cell-phone ownership to 260,000 rural poor in over 50,000 villages since the beginning of the project in March 1997 add something


2002

Ricardo Patino - In 2002, influenced by reading "Creating a world without poverty" by Professor Muhammad Yunus, Patiño gathered together a group of professionals and leaders of social organizations providing financial support and training for women with very low income without access to credit in the financial system


2005

On 2 August 2005, in response to a petition filed by Bangladesh Legal Aids and Services Trust the High Court had declared Gram Sarkar illegal and unconstitutional add something

 

Grameen Danone - During his visit to Paris, France, in 2005, Professor Muhammad Yunus, the founder of Grameen Bank was invited by Franck Riboud, the chief executive officer of Groupe Danone


2006

In 2006 Yunus and Grameen received the Nobel Peace Prize "for their efforts through microcredit to create economic and social development from below" add something

 

In 2006, Time listed him under "60 years of Asian Heroes" as one of the top 12 business leaders add something

 

In early 2006 Yunus, along with other members of the civil society including Professor Rehman Sobhan, Justice Muhammad Habibur Rahman, Dr Kamal Hossain, Matiur Rahman, Mahfuz Anam and Debapriya Bhattchariya, participated in a campaign for honest and clean candidates in national elections add something

 

Muhammad Yunus was awarded the 2006 Nobel Peace Prize, along with Grameen Bank, for their efforts to create economic and social development add something

 

Professor Yunus has appeared on The Daily Show with Jon Stewart and The Oprah Winfrey Show in 2006, The Colbert Report in 2008, Real Time with Bill Maher in 2009 and The Simpsons in 2010 add something

 

Nagorik Shakti - Nobel Peace Prize - It was conceived in by 2006 Nobel Peace Prize winner Muhammad Yunus

 

Ford Foundation - Nobel Peace Prize - The Grameen Bank and its founder Muhammad Yunus were *awarded the Nobel Peace Prize in 2006 for pioneering micro-credit

 

Telenor - After Muhammad Yunus was awarded the Nobel Peace Prize in 2006, he claimed during his visit in Norway to receive the prize that Grameen Bank had a gentlemen's agreement with Telenor where Telenor was to sell part of GrameenPhone to the bank

 

Grameen Bank - In 2006, the bank and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize

 

Istituto Europeo di Design - In collaboration with Muhammad Yunus, winner of the Nobel Peace Prize in 2006, the IED launched a social project focused on sustainable design business

 

Paulina Rubio - Rubio performed at the Nobel Peace Prize Gala in Oslo, Norway, alongside Rihanna, John Legend, and Lionel Richie, who lined up to honor the 2006 Nobel Peace Prize recipient, Muhammad Yunus

 

Kolibri Kapital - The fact that Muhammad Yunus and Grameen Bank were awarded the Nobel Peace Prize in 2006, showed that microcredit was recognized as a tool to fight poverty and promote peace

 

Grameen family of organizations - The organization and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize in 2006

 

Caroline Lucas - This was considered surprising because many of the other members of the Top 10, including 2006 Nobel Peace Prize winner Muhammad Yunus, had been nominated and profiled by prominent writers in the magazine in the weeks before the vote

 

The Green Children - In June 2006, The Green Children shot a music video in Bangladesh to celebrate the work of Professor Muhammad Yunus, the father of microcredit and founder of Grameen Bank

 

Zinedine Zidane - In November 2006, Zidane toured Bangladesh as the guest of Nobel Peace Prize winner Muhammad Yunus

 

Cat Stevens - In December 2006, Yusuf was one of the artists who performed at the Nobel Peace Prize Concert in Oslo, Norway, in honour of the prize winners, Muhammad Yunus and Grameen Bank


2007

In early 2007 Yunus showed interest in launching a political party in Bangladesh named Nagorik Shakti , but later discarded the plan add something

 

On 11 February 2007, Yunus wrote an open letter, published in the Bangladeshi newspaper "Daily Star", where he asked citizens for views on his plan to float a political party to establish political goodwill, proper leadership and good governance add something

 

Yunus finally announced that he is willing to launch a political party tentatively called Citizens' Power on 18 February 2007 add something

 

These latter investigations have fueled suspicion that many attacks might be politically orchestrated, related to difficult relations between Sheikh Hasina and Yunus that date to early 2007, when Muhammad Yunus created his own political party, an effort he dropped in May 2007 add something

 

On 18 July 2007 in Johannesburg, South Africa, Nelson Mandela, Graça Machel, and Desmond Tutu convened a group of world leaders to contribute their wisdom, independent leadership and integrity together to the world add something


2008

He has been a member of Fondation Chirac's honour committee, ever since the foundation was launched in 2008 by former French president Jacques Chirac in order to promote world peace add something

 

He was voted 2nd in "Prospect Magazine"'s 2008 global poll of the world's top 100 intellectuals add something

 

In 2008, in an open online poll, Yunus was voted the 2nd topmost intellectual person in the world on the list of Top 100 Public Intellectuals by "Prospect Magazine" and "Foreign Policy" add something

 

In January 2008, Houston , Texas declared 14 January as "Muhammad Yunus Day" add something

 

The Green Children - The hospital was opened on May 12th 2008 by The Green Children and Professor Muhammad Yunus, the 2006 Nobel Peace Prize winner


2009

He received the Dwight D. Eisenhower Medal for Leadership and Service from the Eisenhower Fellowships at a ceremony in Philadelphia on 21 May 2009 add something

 

In July 2009, Yunus became a member of the SNV Netherlands Development Organisation International Advisory Board to support the organisation's poverty reduction work add something

 

Yunus was named among the most desired thinkers the world should listen to by the FP 100 in the December 2009 issue of "Foreign Policy" magazine add something


2010

In 2010, The British Magazine New Statesman Listed Muhammad Yunus at 40th in the list of "The World's 50 Most Influential Figures 2010" add something

 

Since 2010, Yunus has served as a Commissioner for the Broadband Commission for Digital Development, a UN initiative which seeks to use broadband internet services to accelerate social and economic development add something

 

On 15 May 2010, Yunus gave the commencement speech at Rice University for the graduating class of 2010 add something

 

On 16 May 2010, Yunus gave the commencement speech at Duke University for the graduating class of 2010 add something

 

The lure of profits has attracted some for-profit microfinance institutions to hold Initial Public Offerings , including the largest Indian microfinance institution, SKS Microfinance, which held an IPO in July 2010 add something

 

Sundance Film Festival - A documentary on Yunus' work titled "To Catch a Dollar" was shown at the 2010 Sundance Film Festival and is due to be released in theaters in the US on September 2010 add something

 

In October 2010, He received the Social Entrepreneur of the Year Award at The Asian Awards add something

 

Since late November 2010, several allegations have been made against Yunus add something

 

A Danish documentary called "Caught in Micro Debt", produced and directed by journalist Tom Heinemann, aired on Norwegian national television NRK on 30 November 2010 add something

 

Though Grameen Bank was quickly cleared by the Norwegian government of all allegations surrounding misused or misappropriated funds in December 2010, in March 2011 the Bangladeshi government launched a three-month investigation of all Grameen Bank's activities add something


2011

In 2011, Yunus was part of the Jury which chose the universal Logo for Human Rights add something

 

On 18 January 2011, Yunus appeared in court in a defamation case filed by a local politician from a minor left-leaning party in 2007, complaining about a statement that Yunus made to the AFP news agency, Politicians in Bangladesh only work for power add something

 

On 27 January 2011, Muhammad Yunus appeared on court about a food-adulteration case filed by the Dhaka City Corporation Food Safety Court, accusing him of producing an adulterated yogurt in that the fat content would not comply with the legal minimum requirements add something

 

On 15 February 2011, the Finance Minister of Bangladesh, Abul Maal Abdul Muhith, declared that Muhammad Yunus should stay away from Grameen Bank while it is being investigated add something

 

On 28 February 2011, he presented a letter written by a Bangladesh Bank official at a meeting of the Grameen Bank Board of Directors, saying that Muhammad Yunus staying in the post for an indefinite period add something

 

In March 2011, after months of government attack, the Bangladesh government controversially fired Yunus from his position at Grameen Bank, citing legal violations and an age limit on his position add something

 

On 3 March 2011, Muhammad Yunus filed himself a writ at the High Court challenging the legality of the decision from the Bangladeshi Central Bank to remove him as Managing Director of Grameen Bank add something

 

Following Hillary Clinton, John Kerry expressed his support to Yunus in a statement released on 5 March 2011 and declared that he was deeply concerned by this affair add something

 

In Bangladesh, thousands of people protested and formed human chains on 5 March 2011 to support Yunus add something

 

The High Court hearing on these petitions, initially planned on 6 March 2011, was postponed add something

 

On 8 March 2011, the Bangladeshi Court finally confirmed the dismissal of Yunus as Grameen Bank Managing Director add something

 

Professor Yunus was named "Nobel-Laureate-in-Residence" at Universiti Kebangsaan Malaysia on 15 July 2011 add something

 

Kamal Hossain - In 2011, he defended Nobel laureate Muhammad Yunus in court following Hasina's decision to sack Yunus from the board of Grameen Bank

 

Grameen Bank - In 2011, the Bangladesh Government forced Muhammad Yunus to resign from Grameen Bank, saying that at age 72, he was years beyond the legal limit for the position


2012

In 2012 Yunus was installed as Chancellor of Glasgow Caledonian University add something

 

In 2012, he was installed Chancellor of Glasgow Caledonian University in Scotland, serving in this capacity as the university's titular head add something

 

Professor Yunus was named by Fortune Magazine in March 2012 as one of 12 greatest entrepreneurs of the current era add something


2013

The 2013 report will outline issues relating to oil, gas, and mining in Africa add something

 

U.S House and Senate leaders held a ceremony to present Professor Yunus with the Congressional Gold Medal on April 17, 2013 in Washington, D.C for his contributions to the fight against global poverty add something

 

Lily Cole - In 2013, it was announced that Cole would receive the Doctor of Letters for her "outstanding contribution to humanitarian and environmental causes" from the chancellor of Glasgow Caledonian University, Professor Muhammad Yunus


2014

Jimmy Wales - On June 25, 2014, Wales received an Honorary Degree of Doctor of Letters from Nobel laureate Muhammad Yunus at Glasgow Caledonian University in Scotland


2015

Royal Institute of International Affairs - Recent speakers include Shinzo Abe, David Cameron, Aung San Suu Kyi, Christine Lagarde, Madeleine Albright, Ellen Johnson Sirleaf, Abdullah Gül, Anders Fogh Rasmussen, Herman Van Rompuy, Muhammad Yunus, Ban_Ki-moon and on the 26th of February, 2015, Muhammadu Buhari, presidential candidate of All Progressive Congress, Nigeria, spoke on the prospects of democratic consolidation in Africa : Nigeria's transition

 

Chatham House - Recent speakers include Shinzo Abe, David Cameron, Aung San Suu Kyi, Christine Lagarde, Madeleine Albright, Ellen Johnson Sirleaf, Abdullah Gül, Anders Fogh Rasmussen, Herman Van Rompuy, Muhammad Yunus, Ban_Ki-moon and on the 26th of February, 2015, Muhammadu Buhari, presidential candidate of All Progressive Congress, Nigeria, spoke on the prospects of democratic consolidation in Africa : Nigeria's transition

 

Royal Institute of International Affairs - Recent speakers include Shinzo Abe, David Cameron, Aung San Suu Kyi, Christine Lagarde, Madeleine Albright, Ellen Johnson Sirleaf, Abdullah Gül, Anders Fogh Rasmussen, Herman Van Rompuy, Muhammad Yunus, Ban_Ki-moon and on 26 February 2015, Muhammadu Buhari, presidential candidate of All Progressive Congress, Nigeria, spoke on the prospects of democratic consolidation in Africa : Nigeria's transition

 

Chatham House - Recent speakers include Shinzo Abe, David Cameron, Aung San Suu Kyi, Christine Lagarde, Madeleine Albright, Ellen Johnson Sirleaf, Abdullah Gül, Anders Fogh Rasmussen, Herman Van Rompuy, Muhammad Yunus, Ban_Ki-moon and on 26 February 2015, Muhammadu Buhari, presidential candidate of All Progressive Congress, Nigeria, spoke on the prospects of democratic consolidation in Africa : Nigeria's transition


2016

On 11 June, 2016, Yunus gave the commencement speech at UC San Diego for the graduating class of 2016 add something

 

On 11 June 2016, Yunus gave the commencement speech at UC San Diego for the graduating class of 2016 add something


2017

In March 2017, the employees of Bangladesh's Grameen Telecom , established by Muhammad Yunus, sued him over alleged unpaid dues add something

 

Annie Lennox - In 2017, Lennox was appointed Glasgow Caledonian University's first female Chancellor, taking over the role from Nobel Peace Prize laureate Muhammad Yunus

 

Sheikh Hasina - On 24 January 2017, in her speech in the parliament, Prime Minister Sheikh Hasina blamed Muhammad Yunus for the World Bank's pulling out of the project