Since the list added Gorbachev, Arafat, Peres, Annan while MK Gandhi missing from the list, the prize appeared nothing more than an annual ritual. For me, it changed yesterday with the triumph of Yunus and his Grameen bank. The beauty of everything is the simplistic yet practical approach that Yunus and his bank uses. In 1976 Muhammad Yunus loaned 27 to some 40 stool makers in a village in Bangladesh.
Muhammad yunus religion how to#
I was reminded of an African proverb that if you give fish to a hungry man, he’ll eat it and go hungry again while if you teach him how to catch a fish, you’ll resolve the hunger. Seven years later, in 1983, he founded the Grameen Bank. It has always bothered me when the rich nations go and drop food and medicine in war torn or otherwise consistently poor areas. The way everything is structured today makes it easier for the rich to get richer while the poor wait for the charity. Now, I am not a communist, but it doesn’t take a genius to see how flawed the socio-economic structure is where people live and die hoping for a charity. And again, with religious charities tapping into the race for exploitation, it just worsens the situation. The best part of the story is that Yunus has his heart and mind at the right place. The other day I was reading about first woman tourist in space- Anousheh Ansari. She has one of the most successful and incredible immigrant stories. And I was a total sucker when she appeared on Oprah and spoke so well of how all the politicians of the world should make a space trip and see how there are no geographical boundaries that divide the planet the only home that we have in the universe. That is until I switched to comics and cynics. The fact that she spent $20 million to learn the simple fact that boundaries- all- are manmade just seemed so disconnected. I couldn’t help but wonder how many people were going without food and medicine the very moment that she was looking at the earth and making this assumption. Now again, I don’t believe that those who have the money should simply give it to the poor- remember that I don’t believe in charity for the sake of charity. But I can only wonder how many Grameen bank-like projects such money could have initiated. Well, for the time being I will just smile and relive the pride that Yunus has brought to the Nobel prize instead of the other way around.The Nobel Peace Prize recipient in 2006, Dr. 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. Yunus’ personal loan of small amounts of money to destitute basketweavers in Bangladesh in the mid-70s, the Grameen Bank has advanced to the forefront of a burgeoning world movement toward eradicating poverty through microlending. Replicas of the Grameen Bank model operate in more than 100 countries worldwide.īorn in 1940 in Chittagong, Professor Yunus studied at Dhaka University in Bangladesh, then received a Fulbright scholarship to study economics at Vanderbilt University. in economics from Vanderbilt in 1969 and the following year became an assistant professor of economics at Middle Tennessee State University. Nobel Peace Prize laureate Muhammad Yunus of Bangladesh gestures during an interview with Reuters in Oslo, Dec 9, 2006.
Returning to Bangladesh, Yunus headed the economics department at Chittagong University.įrom 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. The Fatimid political and religious dynasty took its name from Fatimah, the daughter of the Prophet Muhammad. 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. The Fatimids headed a religious movement.
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