Nobel Peace Prize winner Muhammad Yunus established the Grameen Bank in Bangladesh in 1983, fuelled 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.
From humble beginnings lending small personal loans to destitute Bangladeshi basketweavers in the mid 1970s, the Grameen Bank is now at the forefront of a burgeoning world movement looking to eradicate poverty through microlending. Versions of the Grameen Bank model have proliferated and now operate in more than 100 countries worldwide.
The University of Salford is delighted to host one of the world’s most inspiring individuals and hope you will come and join us on Saturday 18 May 2013. You will have the opportunity to hear from Yunus and find out how his social business concept, building businesses with a social conscience, can transform communities and lives.
The summit will also involve a number of guest speakers, who will present ideas and case studies on social business and social enterprise. Come along and find out how you can help to make the world a better place.
For programme details and to book your place for this free event, visit the registration page.
More about Muhammad Yunus
Born in 1940 in the seaport city of Chittagong, Professor Yunus studied at Dhaka University in Bangladesh and then received a Fulbright scholarship to study economics at Vanderbilt University. He received his PhD 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.
From 1993 to 1995, Professor Yunus was a member of the International Advisory Group for the Fourth World Conference on Women, a post to which he was appointed by the UN Secretary General. He has served on the Global Commission of Women's Health, the Advisory Council for Sustainable Economic Development and the UN Expert Group on Women and Finance.
In 2006 Yunus and Grameen Bank received the Nobel Peace Prize "for their efforts through microcredit to create economic and social development from below". Yunus himself has received several other national and international honours. On 17 April 2013 leaders of the US House and Senate bestowed the Congressional Gold Medal award to Professor Muhammad Yunus in recognition of his efforts to combat global poverty. The Gold Medal represents Congress’s highest expression of national appreciation for distinguished achievements and contributions.