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Published on Jan 15, 2015
Nobel Laureate Professor Muhammad Yunus, is the father of Microcredit, the father of social business, the founder of Grameen Bank, and of more than 50 other companies in Bangladesh. For his constant innovation and enterprise, the Fortune Magazine named Professor Yunus in March 2012 as “one of 12 greatest entrepreneurs of our time.”
In 1976, he started an experiment with providing collateral free loans to the poor. The project was called Grameen Bank Project and later, in 1983, it became a full-fledged bank for providing loans to the poor, mostly women, in rural Bangladesh. Today, Grameen Bank has over 8.4 million borrowers, 97% of whom are women and disburses over one and a half billion US dollars each year.
In 2006, Professor Yunus and Grameen Bank were jointly awarded the Nobel Peace Prize.
Professor Muhammad Yunus is the recipient of more than 50 honorary degrees from universities across 20 countries. He has received 112 awards from 26 countries including state honours from 10 countries.
This inspiring video message by him is to all the Yatris at Jagriti Yatra, motivating and celebrating the Entrepreneurs.