Muhammad Yunus

Muhammad Yunus was born in Bangladesh and earned his Ph.D. in economics at Vanderbilt University. After returning to Bangladesh to teach, he was inspired by the country's crushing famine of 1974 to leave academia to help the poor. His revolutionary microcredit concept began by giving out loans totaling twenty-seven dollars to forty-two villagers with no collateral. Microcredit has now spread to more than fifty countries worldwide. With a repayment rate of 98 percent and two million borrowers, Yunus's $2.5 billion Grameen Bank has expanded into dozens of other projects for empowering the poor, including telecommunications and venture capital.


Resources for Teachers and Students

Reflections on Working Towards Peace