Muhammad Yunus is considered a pioneer in social entrepreneurship. He founded the Grameen Bank in 1983 to provide microcredit loans to the poor in Bangladesh, helping millions achieve financial self-sufficiency. For this work establishing microfinance, Yunus received the Nobel Peace Prize in 2006. He later co-founded Yunus Social Business to create and support social businesses addressing global social problems. Through Grameen Bank and other ventures, Yunus has improved lives and helped lift millions of families out of poverty around the world.
2. About Muhammad Yunus
Bring up social entrepreneurs and one of the first names you're likely
to encounter is that of Muhammad Yunus. Yunus has quite literally
written the book on social entrepreneurship, sharing his expertise in
microfinance and social capitalism through a number of books. Yunus
is the founder of the Grameen Bank, an institution that provides
microcredit loans to those in need to help them develop financial
self-sufficiency. Founded in 1983, the bank has brought in a net
income of more than $10 million, and his work with the organization
landed Yunus a Nobel Prize in 2006.
3. About Muhammad Yunus
In February 2011, Yunus together with Saskia Bruysten, Sophie
Eisenmann and Hans Reitz co-founded Yunus Social Business –
Global Initiatives (YSB). YSB creates and empowers social businesses
to address and solve social problems around the world. As the
international implementation arm for Yunus’ vision of a new,
humane capitalism, YSB manages Incubator Funds for social
businesses in developing countries and providing advisory services to
companies, governments, foundations and NGOs.
4. History and Impact of their Venture
Muhammad Yunus had improve the life of millions of poor families
around the World and using part of his share of the $1.4 million
award money to create a company to make low-cost, high-nutrition
food for the poor; while the rest would go toward setting up an eye
hospital for the poor in Bangladesh.
5. History and Impact of their ventures
He donated a lot of money to help the poor, he also benefit millions
of people, not only in Bangladesh, but also in many other countries
too.
