“The fact that the poor are

alive is clear proof of

their ability.”-Muhammad

Yunus

Alleviating

Poverty

(Please look at the notes below for we do not believe in choking slides with text)

Thank You

Born 1940Bathua, Hathazari, Chittagong, Bangladesh

Muslim family

Moved to city Passed matriculation exam as 16th of 39,000 studentsStudied at Chittagong College then Dhaka University

Research assistant, Lecturer, ProfessorScholarship to USA

Obtained PhD in economics

Returned to Bangladesh after war in 1971Appointed to government’s Planning Commissions

Found job boring

Famine of 1974Established various rural economic programmes

Economic PhDExperience with similar projects

Willingness to help poor

Secured loan from Janata bankThen secured loans from various other banks

Visit to poorest people in Jobra

Gave $27 to a group of womenSaw potential in small loans

Small loans to poorEncourage poor to start small

businesses

Thought up by Muhammad

Yunus

Can eventually provide for themselves

Return to poverty cycle

December 11 2011Issued over USD 11.4

billionTo over 8.3 billion

borrowers

Success of ‘microcredit’ inspired similar efforts

Over hundred countries, mainly developingEven USA

Muhammad Yunus has been awarded many accolades

Including Nobel Peace Prize 2006

http://web.archive.org/web/20080416113101/http://muhammadyunus.org/content/view/19/34/lang,en/http://www.thedailystar.net/2006/10/14/d6101401033.htmhttp://www.prothom-alo.org/archive/news_details_mcat.php?dt=2006-10-14&issue_id=48&cat_id=4&nid=NzUxOA==&mid=NA==http://www.vanderbilt.edu/register/articles?id=32834http://www.akhtar-hameed-khan.8m.com/statesman-10-20-06.htmlhttp://www.bbc.co.uk/news/world-south-asia-11901625http://www.grameen-info.org/index.php?option=com_content&task=view&id=792&Itemid=759http://www.hindu.com/biz/2006/10/23/stories/2006102301011600.htm

Banker To The Poor - Book

Mr. Liew for being our facilitator and giving us an introduction to social ventures

Benjamin Lui, Bernard Lee, Joshua Leong, Samuel Koh