Muhammad Yunus | Pioneer of microfinance
1 year, 2 months ago

Muhammad Yunus | Pioneer of microfinance

The Hindu  

Muhammad Yunus and his grassroots Grameen Bank won the Nobel Peace Prize in 2006 for lending a social conscience to capitalism and “their efforts to create economic and social development from below” in Bangladesh. Wealth is a magnet.” Small loans Mr. Yunus modified this system by allowing humans to express selflessness through what is known as social business. More than a decade later, a criminal case against Mr. Yunus alleges three breaches under the country’s Labour Act and may lead to a jail sentence. On October 5, the nation’s anti-graft agency interrogated Mr. Yunus for more than an hour on money laundering charges.

Bangladesh Yunus Grameen Bank Small Loans  muhammad  grameen  bank  microcredit  mr  zero  system  world  microfinance  pioneer  social  wealth  yunus

History of this topic

INTERVIEW | 'Professor Yunus has always seen India as a natural ally of Bangladesh'
4 months, 1 week ago

INTERVIEW | 'Professor Yunus has always seen India as a natural ally of Bangladesh'

New Indian Express  

A My love of South Asia was born after I watched the film Gandhi. As a student at the Cornell University in the mid-1980s, I got excited about the possibilities of micro credit, especially the way Professor Yunus and the Grameen Bank provided it. I got a Fulbright Scholarship to support my first year in Bangladesh with Grameen, became fluent …

Nobel laureate Muhammad Yunus to lead Bangladesh interim government
4 months, 2 weeks ago

Nobel laureate Muhammad Yunus to lead Bangladesh interim government

Al Jazeera  

The microfinance pioneer has been tapped to lead an interim government after the ouster of PM Sheikh Hasina. Bangladesh’s Nobel laureate Muhammad Yunus will head the country’s interim government after former Prime Minister Sheikh Hasina stepped down and fled the country amid a mass uprising against her rule led mostly by students. Nahid Islam, a leader of the student group, …

Bangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case
10 months, 3 weeks ago

Bangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case

Associated Press  

DHAKA, Bangladesh — An appeals court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus, who had been sentenced earlier to six months in prison for violating the country’s labor laws. Sunday’s court decision said the bail would remain effective until a final decision is made on the appeal for the sentencing. Yunus’ supporters said the case is …

Bangladesh convicts Nobel laureate Muhammad Yunus in labour law case
11 months, 3 weeks ago

Bangladesh convicts Nobel laureate Muhammad Yunus in labour law case

Al Jazeera  

The microfinance pioneer is accused by PM Sheikh Hasina of ‘sucking blood’ from the poor, but supporters say charges politically motivated. Nobel laureate Muhammad Yunus has been convicted of violating Bangladesh’s labour laws in a case decried by his supporters as politically motivated. “Professor Yunus and three of his Grameen Telecom colleagues were convicted under labour laws and sentenced to …

176 World Leaders and Nobel Laureates Urge Bangladesh to Halt Legal Cases Against Peace Prize Winner
1 year, 4 months ago

176 World Leaders and Nobel Laureates Urge Bangladesh to Halt Legal Cases Against Peace Prize Winner

The Diplomat  

Muhammad Yunus, who pioneered the use of microcredit to help the poor, is being tried on charges of corruption and violating labor laws. Nobel Laureate Muhammad Yunus, founder-manager of the Grameen Bank, Bangladesh, at the Annual Meeting of the World Economic Forum in Davos, Switzerland, January 29, 2009. More than 170 global leaders and Nobel laureates have urged Bangladesh’s prime …

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