Muhammad Yunus was born in 1940 in Chittagong, the business center of Eastern Bangladesh. He was the third of 14 children. Educated in Chittagong, he was awarded a full bright scholarship and he received his Ph. D from Vanderbilt University. in the U.S.A. In 1972 he became head of the Economics department at Chittagong University. He is the founder and Managing Director of the Grameen Bank. In 1997. Professor Yunus organized the world’s first Micro Credit Summit in Washington D. C. Professor Yunus is an economist. He planned to alleviate poverty in the world. He introduced the microcredit system to a limited number of poor people and his plan worked. Then he set up a bank, Grameen Bank. Through this bank, he worked for the poor and gave financial support to make them self-employed. His programs succeeded and thousands of poor. powerless people could escape from poverty. They trusted Yunus as a helping hand and he was trusted to be a famous name. His micro-credit brought wealth to the underprivileged many
nations.
