2. • Muhammad Yunus was born on 28 June 1940. He is a Bangladeshi social
entrepreneur, banker, economist and civil society leader
• He was awarded the Nobel Peace Prize for founding the Grameen
Bank and pioneering the concepts of microcredit and microfinance.
• He has shown that even the poorest of the poor can work to bring about
their own development.
• In 2008, he was rated #2 in Foreign Policy magazine's list of the 'Top 100
• In February 2011, Yunus together with Saskia Bruysten, Sophie Eisenmann
and Hans Reitz co-founded Yunus Social Business – Global
Initiatives (YSB), which creates and empowers social businesses to address
and solve social problems around the world.
• More of Muhammad Yumus’ work will be shown on the next slide that
introduces what Grameen Bank is about.
WHO IS MUHAMMAD YUNUS?
3. • The Grameen Bank is a Nobel Peace Prize-winning microfinance organization
and community development bank founded in Bangladesh by Muhammad Yunus.
• The name Grameen is derived from the word gram which means "rural" or "village"
in the Sanskrit language.
• Grameen Bank originated in 1976, in the work of Professor Muhammad
Yunus 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.
• In October 1983 the Grameen Bank was authorized by national legislation as an
independent bank and in 2006, the bank and its founder, Muhammad Yunus, were
jointly awarded the Nobel Peace Prize.
• Grameen Bank is founded on the principle that loans are better than charity to
interrupt poverty: they offer people the opportunity to take initiatives in business or
agriculture, which provide earnings and enable them to pay off the debt.
• The bank is founded on the belief that people have endless potential, and
unleashing their creativity and initiative helps them end poverty.
WHAT IS GRAMEEN BANK?
4. Muhammad Yunus :
Muhmmad yunus researched on how to create a credit delivery
system for the poor in rural areas as he wanted the poor to have
an access to money loaning. Thus he created a bank known
worldwide as grameen bank. He had the idea after from seeing
how loan sharks threaten and injure poor villagers, especially
women. He then started to lend money to those people and
starting workshops to listen to their life stories.
WHAT THEY DID TO HELP AGAINST
5. Grameen Bank :
The bank provides money lending services to those who are poor
in rural areas although each loan must to be given to a five
member group.It has low interest rates thus making it an ideal
bank for the poor too. Ever since it was created, it has lent over
318 billion to over 78,101 villages.
6. • In 1976, Prof. Yunus lent USD 27 to 42 people – focusing on the poorest of the
poor This led to the innovation of micro finance and the foundation of the
Grameen Bank in 1983.
• This bank lent money without collateral, at very small amounts and at
comparatively low interest rates almost exclusively to poor women
• The bank is the first social business which gives the poor not only access to the
capital, but allows them to be the owners of the bank and thereby benefit from any
• Education is a central part of Grameen Bank. Scholarships are awarded every year
to the highest performing children of Grameen borrowers.
• With its 2,500 branches, Grameen Bank reaches out to almost 85,000 villages in
Bangladesh. Grameen bank also impacts lives of more than 40 million people by
giving credit to almost 8 million people
• The loan recovery rate is higher than 98 percent. 100 percent are financed from the
Bank’s deposits making it entirely independent of external support.
• 60 percent of the borrowers find their way out of poverty. The even more
significant effect of the Bank’s activities are on the next generation – it achieves
100 percent literacy in the second generation of borrowers.
WHAT IS THE SOCIAL IMPACT?