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
Cutler 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 26, 2012 <http://www.eoearth.org/article/Yunus,_Muhammad>
The Author
Editor-in-Chief
The Encyclopedia of Earth Cutler J. Cleveland is the founding Editor-in-Chief of the Encyclopedia of Earth. Dr. Cleveland is currently a Professor in the Department of Geography and Environment at Boston University, with joint appointments in the Center for Energy and Environmental Studies and the Pardee Center for the Study of the Longer Range Future. He also is a Senior Fellow at the National Council for Science and the Environment in Washington D.C. Dr. Cleveland is als ... (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
Muhammad Yunus.
Contact Us
Send to a Friend
Comments
There are no comments.