caption birth_place school_tradition image_size article_title birth_date repec_prefix image repec_id name
muhammad university of salford on 18 may 2013 yunus at a special summit hosted by the chittagong , british raj -rcb- -rcb- microcredit 300px muhammad yunus
 28 june 1940 e professor 8758300102 -rrb- . jpg muhammad yunus - building social business summit -lrb- pyu122 muhammad yunus
muhammad yunus

muhammad yunus -lrb- ; born 28 june 1940 -rrb- is a bangladeshi social entrepreneur , banker , economist and civil society leader who was awarded the nobel peace prize for founding the grameen bank and pioneering the concepts of microcredit and microfinance .
these loans are given to entrepreneurs too poor to qualify for traditional bank loans .
in 2006 , yunus and the grameen bank were jointly awarded the nobel peace prize `` for their efforts through microcredit to create economic and social development from below '' .
the norwegian nobel committee noted that `` lasting peace can not be achieved unless large population groups find ways in which to break out of poverty '' and that `` across cultures and civilizations , yunus and grameen bank have shown that even the poorest of the poor can work to bring about their own development '' .
yunus has received several other national and international honours .
he received the united states presidential medal of freedom in 2009 and the congressional gold medal in 2010 .
in 2008 , he was rated # 2 in `` foreign policy '' magazine 's list of the ` top 100 global thinkers ' .
in february 2011 , yunus together with saskia bruysten , sophie eisenmann and hans reitz co-founded yunus social business -- global initiatives -lrb- ysb -rrb- .
ysb creates and empowers social businesses to address and solve social problems around the world .
as the international implementation arm for yunus ' vision of a new , humane capitalism , ysb manages incubator funds for social businesses in developing countries and providing advisory services to companies , governments , foundations and ngos .
in 2012 , he became chancellor of glasgow caledonian university in scotland .
he is a member of the advisory board at shahjalal university of science and technology .
previously , he was a professor of economics at chittagong university in bangladesh .
he published several books related to his finance work .
he is a founding board member of grameen america and grameen foundation , which support microcredit .
yunus also serves on the board of directors of the united nations foundation , a public charity created in 1998 by american philanthropist ted turner 's $ 1 billion gift to support un causes .
in march 2011 , the bangladesh government fired yunus from his position at grameen bank , citing legal violations and an age limit on his position .
bangladesh 's high court affirmed the removal on 8 march .
yunus and grameen bank are appealing the decision , claiming yunus ' removal was politically motivated .
