Conference of Professor Muhammad Yunus
Campus Montpellier Business School
On Monday the 4th of March, Montpellier Business School is pleased to welcome Professor Muhammad Yunus, Nobel Peace Prize in 2006, founder of the world’s first microcredit institution, the Grameen Bank.
This conference is part of the YY Campus Tour, organized by the Centre Yunus Paris with the support of the YY Foundation. The YY Campus Tour aims at raising awareness on social business according to Professor Muhammad Yunus among the academic. This winter, unique inspiring events will take place in several French universities.
Biography of Professor Muhammad Yunus
Founder of the world’s first microcredit institution, the Grameen Bank, Professor Yunus is a pioneer of social business.
Born in 1940 in the seaport city of Chittagong, Professor Yunus studied at Dhaka University in Bangladesh, then received a Fulbright scholarship to study economics at Vanderbilt University. He received his Ph.D. in economics from Vanderbilt in 1969 and the following year became an assistant professor of economics at Middle Tennessee State University. Returning to Bangladesh, Yunus headed the economics department at Chittagong University.
Banker to the Poor, 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 help 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.
In October 2006, Muhammad Yunus was awarded the Nobel Peace Prize, along with Grameen Bank, for their efforts to create economic and social development. The Norwegian Nobel Committee stated: “Muhammad Yunus has shown himself to be a leader who has managed to translate visions into practical action for the benefit of millions of people, not only in Bangladesh but also in many other countries.”