muhammad yunus

Muhammad Yunus (* 1940)

Muhammad Yunus achieved worldwide renown as the founder of Grameen Bank and a recipient of the Nobel Peace Prize.

Muhammad Yunus is a Bengal economics professor and founder of Grameen Bank.

Although he is not an investor in the stricter sense of the word, Yunus contributed to the establishment of a new type of investment – microcredit.

Microcredit involves the provision of microloans to less affluent borrowers. This practice is most common in developing countries, and loan amounts are typically very small by Swiss or U.S. standards.

Microcredit services borrowers which would not be considered creditworthy by most banks.

Yunus was awarded the Nobel Peace Prize in 2006 for his work in pioneering microcredit.

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