Unlimited Potential : a Conversation with Muhammad Yunus.
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Unlimited Potential book. Read reviews from world's largest community for readers. Nobel Peace Prize winner Muhammad Yunus advocates in.
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It makes small loans known as microcredit or "grameencredit"  to the impoverished without requiring collateral. Grameen Bank originated in , in the work of Professor Muhammad Yunus at University of Chittagong , who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October the Grameen Bank was authorised by national legislation to operate as an independent bank. The bank grew significantly between and As of January , the total borrowers of the bank number 8. Yunus developed the principles of the Grameen Bank from his research and experience. In , the village of Jobra and other villages near the University of Chittagong became the first areas eligible for service from Grameen Bank.
Grameen Bank and I are deeply honoured to receive this most prestigious of awards. We are thrilled and overwhelmed by this honour. Since the Nobel Peace Prize was announced, I have received endless messages from around the world, but what moves me most are the calls I get almost daily, from the borrowers of Grameen Bank in remote Bangladeshi villages, who just want to say how proud they are to have received this recognition. Nine elected representatives of the 7 million borrowers-cum-owners of Grameen Bank have accompanied me all the way to Oslo to receive the prize. By giving their institution the most prestigious prize in the world, you give them unparalleled honour. Thanks to your prize, nine proud women from the villages of Bangladesh are at the ceremony today as Nobel laureates, giving an altogether new meaning to the Nobel Peace Prize.
Grameen Bank Founder Muhammad Yunus thinks so. And he explains why changing the world is a lot more fun than just making money. Even as his ideas spread around the world, Yunus has remained firmly dedicated to alleviating the burden of poverty in his home country through a growing variety of means. For example, in , Yunus helped found two companies: GrameenPhone for profit and Grameen Telecom nonprofit , which brought mobile-phone technology to the villages of Bangladesh. Out of those companies Yunus developed the Village Phone Project, where women borrowers would take a loan to buy a handset and solar-powered charger and function as their village pay phone, providing the women with substantially increased income. Yunus recently spoke with BusinessWeek Online reporter Jeffrey Gangemi about his purpose in life, how technology can be used for ramping up microfinance, and his next challenge in helping the poor.
The Future of Finance - Professor Muhammad Yunus