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Muhammad Yunus biography

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Quick Facts

  • NAME: Muhammad Yunus
  • OCCUPATION: Economist
  • BIRTH DATE: June 28, 1940 (Age: 72)
  • EDUCATION: Vanderbilt University, Chittagong University
  • PLACE OF BIRTH: Chittagong, Bangladesh
  • ZODIAC SIGN: Cancer

Best Known For

Muhammad Yunus won the 2006 Nobel Peace Prize for founding the Grameen Bank, which provides poor Bangladeshis with micro loans and credit.


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Born in Bangladesh on June 18, 1940, Muhammad Yunus was teaching economics at Chittagong University when he developed the idea of "micro" loans, a credit system that enabled poor Bangladeshis to borrow small amounts as part of a peer group, ensuring that they would repay. His Grameen Bank established a microfinance model followed all over the world. Yunus won the Nobel Prize for Peace in 2006.

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