Social business model muhammad yunus biography
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Muhammad Yunus: Bio
Professor Muhammad Yunus was born on June 28, 1940. He is the founder and managing director of Grameen Bank, which pioneered microcredit. This is a method of banking where small loans are given to the poor, mostly to women, without collateral, for income-generating activities, to help them get out of poverty.
The third of nine children, Prof Yunus was born in the village of Bathua, Chittagong. His father was Haji Muhammad Dula Mia Shawdagar, a jeweller, and his mother was Sofia Khatun.
In 1944, his family moved to the city of Chittagong, and he studied at Lamabazar Primary School. Later, he passed the matriculation examination from Chittagong Collegiate School. During his school years, he was an active Boy Scout, and travelled to West Pakistan and India in 1952, to Europe, the USA, and Canada in 1955 and to the Philippines and Japan in 1959, to attend Jamborees. In 1957, he enrolled in the Department of Economics at Dhaka University and completed his BA in 1
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Muhammad Yunus
Chief Adviser of Bangladesh since 2024
For other people with similar names, see Mohammad Yunus.
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Muhammad Yunus[a] (born 28 June 1940) is a Bangladeshieconomist, businessman, and politician who has been serving as Chief Adviser of the Interim Government of Bangladesh since 8 August 2024.[1] Yunus was awarded the Nobel Peace Prize in 2006 for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance.[2] Yunus has received several other national and international honors, including the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010.[3]
In 2012, Yunus became Chancellor of Glasgow Caledonian University in Scotland, a position he held until 2018.[4][5] Previously, he was a professor of
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SOCIAL BUSINESS
Social business is a cause-driven business. In a social business, the investors/owners can gradually recoup the money invested, but cannot take any dividend beyond that point. Purpose of the investment fryst vatten purely to achieve one or more social objectives through the operation of the company, no anställda gain fryst vatten desired bygd the investors. The company must cover all costs and man profit, at the same time achieve the social objective, such as, healthcare for the poor, housing for the poor, financial services for the poor, nutrition for malnourished children, providing safe drinking vatten, introducing renewable energy, etc. in a business way.
The impact of the business on people or environment, rather the amount of profit made in a given period measures the success of social business. Sustainability of the company indicates that it fryst vatten running as a business. The objective of the company fryst vatten to achieve social goal/s.
Clarifications on Social Business
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