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Muhammad Yunus is the economist from Bangladesh who won the Nobel Peace Prize in 2006, 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 helpP 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.
Fact File Academic qualifications of Muharnmad Yunus Country where he was born Popular title he has been given International prize he has been awarded : Financial institution he started in 1983 : Fundamental human right believed by Professor Yunus and supplied by Grameen Bank : Yunus's objective : Yunus's ways of achieving it
Muhammad Yunus and Grameen Bank were awarded the Nobel Peace Prize for 2006 for their work to "create economic and social development from below". Grameen Bank's objective since its establishment in 1983 has been to grant poor people small loans on easy terms - so-called micro-credit - and Yunus was the bank's founder.
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