Muhammad Yunus, Father of Social Business and Microcredit
Nobel Prize Winner Muhammad Yunus is the father of both social business and microcredit, the founder of Grameen Bank,
and of more than 50 other companies in Bangladesh.
Yunus's Grameen America has provided small but life--changing loans, totaling more than $535 million and with a
repayment rate of 99% to low--income women entrepreneurs across the U.S.
In Bangladesh alone, the Grameen Bank operates in all 80,000 villages. For his constant innovation and
enterprise, the Fortune Magazine named Yunus "one of the greatest entrepreneurs of our time."
Yunus creation of microcredit field has provided small loans to hundreds of millions of people globally, which has
allowed them to improve their standard of life while creating businesses.
The world's richest eight people now own more wealth than the entire bottom half of the population. Yunus believes
there is much more work yet to do. Wealth disparity and unemployment exist at unprecedented levels.
Muhammad Yunus's vision is the total eradication of poverty from the world. Yunus says he hopes to put poverty in a
museum so that one day our children will visit it and ask how we could have allowed such a terrible thing to go on for
The World Bank recently acknowledged that this business approach to the alleviation of poverty has allowed millions
of individuals to work their way out of poverty with dignity.
Credit is the last hope left to those faced with absolute poverty. That is why Yunus believes that the right to
credit should be recognized as a fundamental human right. It is this struggle and the unique and extraordinary methods
he invented to combat human despair that Yunus continues to have strong humility and conviction. It is also the view of
Yunus, familiar with both Eastern and Western cultures on the failures and potential for good of industrial
Yunus is the recipient of 55 honorary degrees from universities across 20 countries. He has received 112 awards from
26 countries including state honors from 10 countries.
He has appeared on the cover of Time Magazine, Newsweek and Forbes Magazine.
Each paid attendee will receive Yunus's new book A World of Three Zeros: The New Economics of Zero Poverty, Zero
Unemployment, and Zero Net Carbon Emissions. Yunus makes his most compelling argument yet for how we can tackle
worldwide poverty in a way that creates jobs and effectively curbs climate change.
Early RSVPs are strongly suggested for Yunus, the father of both social business and microcredit, as the event will
reach capacity quickly.
Early RSVPs are suggested here as the event will reach capacity.