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Muhammad Yunus
- 1. GROUP 2 John Patrick Caparoso Cedric Caquilala Juan Miguel Estillore Anna Carmella Luczon
- 3. Muhammad Yunus Yunus saw a great need for a bank that would lend money to the poor. So he had an experiment in which he lent money to a group of borrowers and tracked results.
- 4. Muhammad Yunus His experiments was successful, the debts to him were repaid. He continued this lending model until he succeeded in founding the Grameen Bank in Bangladesh in 1983.
- 5. Grameen Bank “If you give a man a fish, you feed him for a day. If you teach him to fish, you feed him for a lifetime.”
- 6. Grameen Bank Grameen Bank in Bangladesh pioneered the idea of giving out micro-loans between $27 and $500 to poor people. These micro-loans were given to the poor so they can start or expand small businesses to pull themselves out of poverty.
- 7. Grameen Bank As of May 2008, Grameen Bank (GB) has provided loans totalling $6-billion to 7.5-million borrowers, 97% of whom are women. Most of the borrowers are women because GB believes that they looks to the future with a planned strategy to improve the family situation.
- 8. Grameen Bank Today, more than 250 institutions in nearly 100 countries operate micro-credit programs based on the Grameen methodology, placing Grameen Bank at the forefront of a burgeoning world movement toward eradicating poverty through micro-lending.
- 9. Nobel Peace Prize 2006
- 10. Nobel Peace Prize 2006 The Nobel Peace Prize 2006 was awarded jointly to Muhammad Yunus and Grameen Bank "for their efforts to create economic and social development from below."
- 11. Banker to the Poor Muhammad Yunus also published a book that is his autobiography entitled “Banker to the Poor: Micro-Lending and the Battle Against World Poverty.”
- 12. Banker to the Poor “If you go out into the real world, you cannot miss seeing that the poor are poor not because they are untrained or illiterate but because they cannot retain the returns of their labor. They have no control over capital, and it is the ability to control capital that gives people the power to rise out of poverty.”