As founder of the Grameen Movement, Professor Muhammad Yunus is a revolutionary. His ideas couple capitalism with social responsibility and have changed the face of rural economic and social development forever. The Nobel Institute awarded Professor Yunus the 2006 Nobel Peace Prize in recognition of the clear connection between ending poverty and creating a world of peace, and the extraordinary contribution that Professor Yunus has made to this campaign.

Born in 1940 in the seaport city of Chittagong, Professor Yunus studied at Dhaka University in Bangladesh, then received a Fulbright scholarship to study economics at Vanderbilt University. He received his Ph.D. in economics from Vanderbilt in 1969 and the following year became an assistant professor of economics at Middle Tennessee State University. Returning to Bangladesh, Yunus headed the economics department at Chittagong University.

Professor Yunus is responsible for many innovative programs benefiting the rural poor. In 1974, he pioneered the idea of Gram Sarker (village government) as a form of local government based on the participation of rural people. This concept proved successful and was adopted by the Bangladeshi government in 1980. In 1978, he received the President's award for Tebhaga Khamar (a system of cooperative three-share farming, which the Bangladeshi government adopted as the Packaged Input Program in 1977).

Professor Muhammad Yunus established the Grameen Bank in Bangladesh in 1983, fueled by the belief that credit is a fundamental human right. His objective was to help poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few sound financial principles so they could help themselves.

From Dr. Yunus' personal loan of small amounts of money to destitute basket weavers in Bangladesh in the mid-70s, the Grameen Bank has advanced to the forefront of a burgeoning world movement toward eradicating poverty through micro lending. Replicas of the Grameen Bank model operate in more than 100 countries worldwide.

The UN secretary general appointed Professor Yunus to the International Advisory Group for the Fourth World Conference on Women in Beijing from 1993 to 1995. Professor Yunus has also served on the Global Commission of Women's Health (1993-1995), the Advisory Council for Sustainable Economic Development (1993-present), and the UN Expert Group on Women and Finance. He also serves as the chair of the Policy Advisory Group (PAG) of Consultative Group to Assist the Poorest (CGAP). Yunus has also served on many committees and commissions dealing with education, population, health, disaster prevention, banking, and development programs. He is currently on the boards of many international organizations including Amanah Ikhtiar Malaysia (a Grameen replication project), the International Rice Research Institute in the Philippines, and Credit and Savings for the Poor in Malayasia. Professor Yunus also sits on the board of the Calvert World Values Fund, the Foundation for International Community Assistance, the National Council for Freedom From Hunger, RESULTS and the International Council of Ashoka Foundation, all of which are located in the US. He is a member of the board of the United Nations Foundation.

Professor Yunus has received the following International awards: the Ramon Magsaysay Award (1984) from Manila; the Aga Khan Award for Architecture (1989) from Geneva; the Mohamed Shabdeen Award for Science (1993) from Sri Lanka; and the World Food Prize by World Food Prize Foundation (1994) from the US. Within Bangladesh, he has received the President's Award (1978), Central Bank Award (1985), and the Independence Day Award (1987), the nation's highest award. Professor Yunus has also received the Sydney Peace Prize (1998), the Prince of Asturias Award (1998), and The Economist newspaper's Prize for Social and Economic Innovation (2004). In 2006, Professor Yunus received the Mother Teresa Award, the Seoul Peace Prize and the Nobel Peace Prize.

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