Date post: | 14-Jun-2015 |
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Economy & Finance |
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“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