Dr. Muhammad Yunus Paragraph | All class 100,150 to 300

Professor Muhammad Yunus is a renowned social entrepreneur, economist and civil society leader and an Interim Prime Minister of Bangladesh. He is known throughout the world as the founder of Grameen Bank and pioneer of the concept of microcredit and microfinance. Below are English essays on famous social entrepreneurs:-

Dr. Muhammad Yunus Paragraph

Professor Muhammad Yunus Paragraph class 6,7 - 100 words

Muhammad Yunus was born in Chittagong, Bangladesh, in 1940, and is an accomplished economist and microcredit pioneer. From Chittagong, he did his education, went on to earn a Ph.D. at Vanderbilt University, USA, on a Fulbright scholarship, and started teaching at Chittagong University as the head of the Economics department in 1972. Yunus founded Grameen Bank, introducing microcredit to help poor people become self-employed. His ingenuity has made millions rise out of poverty, earning him international recognition. In 1997 he organized the world's first Micro Credit Summit in Washington, D.C., entrenching his legacy as a champion for the poor.

Dr. Muhammad Yunus Paragraph class 8 - 150 words

Born in 1940 in Chittagong, Bangladesh, Muhammad Yunus became an innovative leader in the global fight against poverty. He was the third of 14 children; Yunus completed his education in Chittagong and earned his PhD from Vanderbilt University in the United States on a Fulbright scholarship. He returned to the country in 1972 as the Head of the Economics Department at Chittagong University. After witnessing the struggle of the poor, Yunus developed the concept of microfinance, a bank that provides small loans to poor people without any collateral.

Read more: The Grameen Bank Paragraph For SSC & HSC in 150, 200 & 300 Words

In 1983, he founded Grameen Bank, his institution above poverty by empowering thousands of poor people, mostly women, to engage in small business ventures. Then Yunus's work on microfinance crossed borders to millions of people around the world, thereby gaining international recognition. In 1997, he hosted a Micro Credit Summit in Washington, D.C., and truly cemented his position as a world leader in poverty reduction and social entrepreneurship.

Dr. Muhammad Yunus Paragraph class 9 - 200 words

Bangladeshi economist and social entrepreneur Muhammad Yunus is the founder of Grameen Bank. Yunus, who was born on June 28, 1940 in Chittagong, British India (now Bangladesh), is largely credited with developing the concepts behind microcredit and microfinance, which have transformed the lives of millions of poor people around the world. He invented a banking model that provided small loans without collateral to poor people, especially women, to start their own businesses, thereby improving their socio-economic status.

Yunus' pioneering approach to poverty reduction was recognized when he won the Nobel Peace Prize in 2006 along with Grameen Bank. Indeed, his approach goes beyond finance to advocate businesses designed to address social problems, not maximize profits. Through his efforts, Yunus has become a global advocate for sustainable development and economic empowerment. He is the author of several books, including *Bankers to the Poor* and *Building Social Business*, explaining his philosophy and experience. Yunus' work inspires people and organizations around the world working for a world that is more just - a world where every person has the opportunity to rise out of poverty.

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Dr. Muhammad Yunus Paragraph class 10 - 250 words

Mohammad Yunus is a well-known Bangladeshi economist, social entrepreneur and pioneer in the microfinance and microfinance industry. Yunus was born on June 28, 1940 in Chittagong, British India (now Bangladesh). His creative ideas have changed the face of economic development and poverty alleviation around the world. Her best-known achievement is founding Grameen Bank, an organization that transformed the banking industry by providing small, collateral-free loans to the underprivileged, especially women, so they could start small businesses and improve their lives.

With Grameen Bank, Yunus has demonstrated that even the most impoverished individuals can be granted credit – a striking contravention of conventional banking wisdom. Its microcredit programs have helped millions of ablebodied men and women leave the shackles of poverty through self-employment as entrepreneurs. The borrowers built a feeling of financial resources even though they were idealistic, and additionally some what dexterousness which is again splendid. His innovative work led him and Grameen Bank in 2006 with the Nobel Peace Prize, making Yunus a world icon of poverty reduction.

Beyond microlending, Yunus is a passionate advocate of the concept of social business: businesses that focus on solving social problems rather than making money. Illustrative of that has been his advocacy for the role business can play in advancing social good, reflected in work he has done and various projects and publications including during books such as Creating a World Without Poverty: Social Business and The Future Of Capitalism, Banker to the Poor.

Yunus has helped to redefine the role of business and profits, driven by his vision that even as small a thing as lending money can do. circulate in order to really change things; it is not only positive for the world but creates good businesses.

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Dr. Muhammad Yunus Paragraph class 11-12 - 300 words

Mohammad Yunus is one of the most noted Bangladeshi economists, social entrepreneurs, and visionaries in microfinance and microcredit. He was born on June 28, 1940, in Chittagong, British India, now in Bangladesh. His work has been instrumentally groundbreaking in changing the whole approach toward alleviating poverty and furthering economic development. Best known for founding Grameen Bank, his work broke banking barriers by offering minute, no-collateral loans to the poorest segments of society, mostly women. This model has empowered millions to start small businesses, gain financial independence, and get out of poverty.

The approach by Yunus was revolutionary because it went against conventional wisdom in traditional banking, often leaving out the poor since they had no collateral. In offering micro-loans, Yunus empowered poor people—who hitherto were rated as "unbankable"—into entrepreneurs with an added income stream, propelling economic development in respective communities. The success of Grameen Bank proved that even the poorest of the poor were quite capable of repaying loans and using credit effectively to enhance their lives, thus giving birth to a global microlending movement.

The change-making work brought the Nobel Peace Prize to Yunus and Grameen Bank in 2006. Recognition of this fact underscored the intimate connection between economic empowerment and social peace and helped establish Yunus as a global front-runner in eradication poverty.

Yunus is and has been hardly just about traditional microfinance, as his work for some time includes if not centered around the idea of social business developed to solve social problems in non-loss business models. His philosophy is that businesses should be more oriented towards solving social problems rather than maximizing profits. He expounded his philosophy and gave detailed practical experiences on how to do things right in books such as Banker to the Poor and Creating a World Without Poverty, therefore providing others with a blueprint to follow.

The collaboration between Yunus and Grameen Bank challenges the conventional wisdom in banking, demonstrating that credits can even be obtained from the poorest people. Its microcredit programs, or small loans with little to no collateral that for impoverished individuals offer a way out of poverty via self-employment or entrepreneurship have benefited millions. This approach imparted some sort of financial back-up to the borrowers but reduced their self-respect and independence. Yunus and Grameen Bank, however, catapulted into international fame as pioneers against circular poverty when they were awarded the Nobel Peace Prize in 2006 for their groundbreaking efforts.

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