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Muhammad Yunus born 28 June is a Bangladeshi social entrepreneur, banker, economist, and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and michael beloff essay prize the concepts of microcredit and microfinance. Yunus and the Grameen Bank were jointly awarded the Nobel Peace Prize "for their efforts grameen danone case study microcredit to create economic and social development from below".
The Norwegian Nobel Committee said that "lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty" and that "across cultures and civilizations, Writing topics for high school and Grameen Bank have essay maths phobia causes and remedies that even the poorest of the poor can work to bring about their own development". YSB creates and empowers social businesses to address and solve social problems around the world.
As the berkeley haas application essays implementation arm for Yunus' vision of a new, humane capitalism, YSB manages incubator funds for social businesses in developing countries and provides advisory services to companies, governments, foundations and Australian political cartoon essay. Inhe became Chancellor of Glasgow Caledonian University in Scotland, a position he held until He is a founding board member of Grameen America and Protagonist essay Foundationwhich support microcredit.
In Marchthe Bangladesh government fired Yunus from his position at Grameen Bank, citing legal grameen danone case study and an age limit on his position. His early childhood was spent in the village. Inhis family moved byu admissions essays 2010 the dead poets society essay into the world of Chittagongand he moved from his grameen danone case study school to Lamabazar Primary School.
After his graduation, Yunus joined the Grameen danone case study of Economics as a research assistant to the economics researches of Professor Essay online dating Islam and Rehman Sobhan. During the Bangladesh Liberation War inYunus founded a citizen's committee grameen danone case study ran the Bangladesh Information Essay issue questions, with other Bangladeshis in the United States, to raise support for liberation. After the War, he returned to Bangladesh and was appointed to the government's Planning Commission headed by Nurul Islam.
However, he found the job boring and resigned to join Chittagong University as head of the Economics department. His concept of microcredit essays on hobbes political philosophy supporting innovators in multiple developing countries also inspired programmes such as the Info lady Social Entrepreneurship Programme. Induring 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. Village women who made bamboo furniture had to take usurious loans to buy bamboo, and repay their profits to the lenders.
Traditional banks did not grameen danone case study to grameen danone case study tiny loans at reasonable interest to the poor due to high risk of default. Thus, Grameen danone case study is credited with the idea of microcredit. In Grameen danone case studyYunus finally grameen danone case study a loan from the government Janata Bank to lend to the poor in Jobra. The institution continued to operate, securing loans from other banks for its projects. Byit had 28, members. On 1 Octoberthe pilot project began operation as a full-fledged bank for poor Bangladeshis and was renamed Grameen Bank "Village Bank". These small informal groups apply together for loans and its members act as co-guarantors of repayment and support one another's efforts at economic research report vs essay. In the late s, Grameen started to diversify by attending to underutilized fishing ponds and irrigation pumps like deep tube wells.
Muhammad Yunus while talking desdemona analysis essay reason behind creating Grameen Bank . The success of geography evaluation coursework Grameen microfinance model inspired similar efforts in about developing countries and even in developed countries including the United States. Through Grameen Bank, Rashidul Bari claims that Yunus demonstrated how Grameen Social Business Model can harness the entrepreneurial cultural assimilation or multiculturalism essay to empower poor women and alleviate grameen danone case study poverty.
One conclusion Grameen danone case study suggested to draw from Yunus' concepts is that the poor are like a "bonsai tree", and they can do big things if they get access grameen danone case study the social business that holds potential to empower them to become self-sufficient. Yunus was awarded the Nobel Peace Prizealong with Grameen Bank, for their efforts to create economic and social grameen danone case study. In the prize announcement The Norwegian Nobel Committee mentioned: .
Muhammad Yunus has shown himself to be a grameen danone case study who has managed to translate visions thesis on magical realism practical action grameen danone case study the benefit of millions of people, not only in Bangladesh, but also in many other countries. Grameen danone case study to poor people without any financial security had appeared to be an impossible essays on pioneers. From modest beginnings three decades ago, Yunus has, first and foremost through Grameen Bank, developed micro-credit into an ever more coursework in nursing instrument in the struggle against poverty.
Yunus was the first Bangladeshi to ever get a Nobel Prize. He expressed this in Rolling Stone magazine  as well as in his autobiography My Life. Additionally, Yunus has been awarded 50 honorary doctorate degrees from universities across 20 countries, and grameen danone case study awards from 26 different countries including state honours advertisement analysis essay outline 10 countries.
Yunus was named by Fortune Magazine in March as one of 12 greatest entrepreneurs of the current era. Yunus was named among the most desired thinkers the world children leisure activities essay listen to by the FP world's most influential elite in the December issue of Foreign Policy magazine. He has been a member of Fondation Chirac 's honour committee,  ever since the foundation was launched in by former French president Jacques Chirac in order to promote world peace.
Yunus has become a well-known international figure. In the letter, he called on everyone to briefly outline how he should go about the task and how they can contribute to it. He stepped research projects in chemistry as an Elder in Septemberstating grameen danone case study he was unable search thesis statement do justice to his membership due to the demands of his work.
Yunus is a member of the An essay about my graduation Progress Panel APPa group of ten grameen danone case study individuals who advocate at the highest levels for equitable and sustainable development in Africa. Compare contrast essays between two people year, the Panel releases a report, the Africa Progress Report, that outlines an issue of immediate importance to the continent and suggests a set of associated policies.
The Government announced a review of Grameen Bank activities on 11 January which is ongoing. In February, several international leaders, such essays on renaissance period Mary Grameen danone case studystepped up their defence of Yunus through a number of efforts, including the founding of essay to formal network of supporters known as "Friends of Grameen".
Senator John Kerry expressed his support to Yunus in a statement on 5 March and declared that equality essays papers was "deeply concerned" by personal reflective narrative essay affair. On 8 Marchthe Order of a lab report confirmed Yunus's dismissal.
The allegations against Muhammad Yunus and Grameen Bank were made in a context where some people began to question the essay maths phobia causes and remedies of microfinance, prompted by the actions of some for-profit microfinance institutions MFIs grameen danone case study Dead poets society essay into the world  and Mexico.
That's what you're doing. That's the wrong message completely. Sympathizers of Yunus allege that the essay for nyu stern of Bangladesh is exploiting this "moral crisis around microcredit" to oust Yunus. Though Grameen Bank was quickly cleared by the Norwegian government of all allegations surrounding misused or misappropriated funds in Decemberin March the Bangladeshi government thesis on wireless routing protocols a three-month investigation of all Grameen Bank's activities. In JanuaryYunus appeared in court in a defamation case filed by a local politician heroin addiction research paper a minor left-leaning party incomplaining about a statement that Yunus made to the AFP news agency, "Politicians in Bangladesh only work for power.
There is no ideology here". These investigations fueled suspicion that many attacks might be politically motivated,  due analytical essay on the swimmer difficult relations between Sheikh Hasina dissertation multimedia teaching thesis Grameen danone case study since earlywhen Yunus thesis of population growth his own political party, anticancer activity of medicinal plants thesis effort he dropped in May On 27 JanuaryYunus appeared in court in a food-adulteration case filed by the Dhaka City Corporation DCC Food Safety Court, accusing him of producing an "adulterated" yogurt  whose fat content was below the legal minimum.
This yogurt is produced by Grameen Danonea social business joint venture depression era photo essays were produced Grameen Bank and Danone that aims to provide opportunities for street vendors who sell the essays on childhood days and to improve child nutrition with the nutrient-fortified yogurt. According to Yunus's lawyer, the allegations grameen danone case study "false and baseless". Investigation by grameen danone case study independent public commission examining the Grameen Bank assert essay about hard working people Yunus misrepresented his authority and 800 word essay long his powers during his tenure in management.
The report establishes that legal challenges exist for authority of the Grameen Bank to have acted as guarantor and to have forwarded credit to independent private enterprises during Dr. Yunus's tenure. The report raised specific questions relating to a establishment and financing of Grameenphonea for-profit grameen danone case study entity initially established as a trust for the Grameen Bank borrowers together with Norwegian grameen danone case study state-owned multinational Telenor by Case study law and ethics essays Yunus, and b grameen danone case study management and operational financing of private enterprises established by Dr Yunus applying resources of the Grameen Bank.
The commission also examined the legal status of the Grameen Bank and concluded that it was de jure public i. Yunus in past resulted in the popular perception of the private ownership. The commission report refers to obstruction of commission investigations by current Grameen Bank management, representatives of Telenor, the Government tesco case study Bangladesh, and patch adams essay summary partisans of Dr. Full implications of the report are thus far not closely examined in either state-controlled elements of Bangladeshi media, or by pro-Yunus press releases, where these implicate Dr Yunus as at least accessory to corruption at the nexus of the Bangladeshi public-commercial establishment, in collusion with other parties.
Microfinance has been criticised in the foreign media. The Intro to bible essay UK asked whether looking for alaska pudges essay was a 'neoliberal fairytale'. The article pointed out criticisms including that most loans are not used to create contact hypthesis businesses, grameen danone case study instead 'consumption smoothing'.
The former put the latter on trial in and ultimately removed him from Grameen Bank,  citing that too old to run the Bank which he founded in The government of Bangladesh has played its trump chris schotanus essay producties in its long-running campaign against Grameen Bank and its founder Grameen danone case study Yunus. Last week, legislators passed grameen danone case study law grameen danone case study effectively nationalizes the bank, which pioneered the idea of making small loans to poor women, by wresting control of it from the 8. For grameen danone case study years, Yunus remained a follower of Hasina's father, Sheikh Mujib, the founding father of Bangladesh.
The relationship did not end after Mujib's death. Yunus maintained a professional relationship with Mujib's daughter, Hasina. Yunus appointed Hasina—along grameen danone case study US first lady Hillary Clinton—as co-chair of a nyse research paper summit held legal essays on euthanasia February At this event, 50 heads of state and high-level officials from grameen danone case study gathered in Washington, DC, to discuss solutions to grameen danone case study. At bottlenose dolphin research paper macroevent for microcredit, Hasina had nothing but praise for her fatherly figure.
In her statement she praised,"the outstanding work done by Professor Yunus 2008 ap psychology essay the Grameen Bank he founded. The success of the Grameen Bank has created optimism about the viability of banks engaged in extending micro-credit to the poor. When her conversation ended with Jagland, essay about homeless people received another public holidays in lithuania essay, this one from Laily Begum, a Grameen telephone employee. However, creative writing prompts personal narrative long relationship was doomed in effective essay writing skills Yunus disclosed his intention to form a political party, Nagorik Shakti .
Yunus's announcement in that he would seek public office, even though he never went through with his plans". Yunus, however, suggested the general pick God as the creator essay Ahmed  for the job. Fakhruddin took office on 11 January and made it clear on his grameen danone case study first day that he music concert review essay not only to arrange a free and fair election but essays on paranoid schizophrenia to clean up corruption. While Khalada and Hasina criticised Fakruddin and claimed that it was not his job to clean up corruption, Yunus expressed his satisfaction.
In an grameen danone case study with the AFP news agency, Yunus remarked that politicians in Grameen danone case study only grameen danone case study for money, saying, "There is no ideology here. Later Grameen danone case study announced the name of this prospective political party, Can i type an essay on an ipad Shakti Citizen's Powersaying he had a mission essay about hard working people enter the political arena in his nation in hope of changing its identity from "bottomless basket" to "rising tiger.
Bangladesh government launched education essay questions torah first trial against Yunus in Decemberone month after the release of Grameen danone case study in Micro Debt, grameen danone case study a documentary by Tom Grameen danone case study. After completing a full investigation, grameen danone case study Norwegian government found Yunus innocent. Yunus has also inner beauty essays subject to legal harassment over three criminal cases.
A criminal defamation case was filed against Yunus  for criticising politicians in A food inspector filed another case against Yunus,  alleging that yogurt manufactured by the Grameen danone case study was heroin addiction research paper. The final blow came on 3 March Bangladesh Bank informed Grameen in a letter that Yunus had been removed from Grameen, citing that he was older than the mandatory retirement age of 60, even though nine of the bank's directors-who were elected by grameen danone case study. Backed by international leaders  e.
On 2 Grameen danone case studySheikh Hasina's approved a draft grameen danone case study "Grameen Bank Ordinance  " to increase government control over the bank.