Yunus, Muhammad
Published: August 25, 2008, 1:19 am
Updated: August 25, 2008, 1:19 am
This article has been reviewed by the following Topic Editor:
Peter Saundry
Muhammad Yunus.
Muhammad Yunus (1940-) is a Bangladeshi economist and founder of the Grameen Bank, meaning 'village bank.' Grameen Bank is founded on the principles of trust and solidarity and is known for introducing 'micro-loans' to the rural poor in Bangladesh. Of the borrowers, 94% are women and over 98% of the loans are paid back, a recovery rate higher than any other banking system. One of the spin-off companies was Grameen Shakti/Energy, a not-for-profit rural power company whose purpose is to supply renewable energy to villages in Bangladesh lacking electricity. Projects supported by Grameen Shakti supplies renewable energy services that also create employment and income-generation opportunities in rural Bangladesh. Yanus was awarded the 2006 Nobel Prize for Peace
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Citation
Cutler J. Cleveland (Lead Author);Peter Saundry (Topic Editor) "Yunus, Muhammad". In: Encyclopedia of Earth. Eds. Cutler J. Cleveland (Washington, D.C.: Environmental Information Coalition, National Council for Science and the Environment). [First published in the Encyclopedia of Earth August 25, 2008; Last revised Date August 25, 2008; Retrieved May 25, 2013 <http://www.eoearth.org/article/Yunus,_Muhammad>
The Author
Cutler J. Cleveland is Professor of Earth and Environment at Boston University, where he also is on the faculty of the Center for Energy and Environmental Studies. Professor Cleveland is Editor-in-Chief of the Encyclopedia of Energy (Elsevier, 2004), winner of an American Library Association award, the Dictionary of Energy (Elsevier, 2005), Handbook of Energy (Elsevier, forthcoming), and is the Founding Editor-in-Chief of the Encyclopedia of Earth. He is the recipient of the Adelma ... (Full Bio)
Muhammad Yunus.
Muhammad Yunus (1940-) is a Bangladeshi economist and founder of the Grameen Bank, meaning 'village bank.' Grameen Bank is founded on the principles of trust and solidarity and is known for introducing 'micro-loans' to the rural poor in Bangladesh. Of the borrowers, 94% are women and over 98% of the loans are paid back, a recovery rate higher than any other banking system. One of the spin-off companies was Grameen Shakti/Energy, a not-for-profit rural power company whose purpose is to supply renewable energy to villages in Bangladesh lacking electricity. Projects supported by Grameen Shakti supplies renewable energy services that also create employment and income-generation opportunities in rural Bangladesh. Yanus was awarded the 2006 Nobel Prize for Peace
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