Mohammad Yunus

(b. 1940)

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(b. 28 June 1940).

Nobel Peace Prize winner Born in Chittagong, he studied economics and won a Fulbright scholarship to study for a doctorate at Vanderbilt University. After discovering that the poor often needed only small loans to enable them to overcome poverty and start a business, he founded the Grameen Bank. By 2006 this bank had made loans to over five million borrowers who were too poor to qualify for loans from other lenders. Yunus and his bank shared the 2006 Nobel Prize. As rivalry between the Awami League and its rival, the Bangladesh Nationalist Party, reached new levels to prevent scheduled elections from taking place, he announced in 2007 the creation of his own political movement to contest the elections.

Subjects: Contemporary History (Post 1945).

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