FUTURESAVERS

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FUTURESAVER OF THE WEEK ENDING 2-19-2000

Muhammad Yunis is the founder and managing director of the Grameen Bank which began in Bangladesh. This revolutionary bank manages loans to very poor people (mostly women) and has been very successful in helping them live better lives through micro-entrepreneurship. The repayment rate is between 96 and 100 percent. The Grameen Bank now has 40,000 village centers and 2.4 million borrowers. Muhammad Yunis has served on many advisory committees for the Bangladesh government, the United Nations and other bodies concerned with poverty, women and health. He has received the World Food Prize, the Ramon Magsaysay Award, the Humanitarian Award, the Man for Peace Award, numerous other distinctions and six honorary degrees. He has a Ph.D. in economics from Vanderbilt University. The Grameen model has been applied in 40 countries with outstanding success. About 22 million poor people around the world now have access to small loans. Muhammad believes that the eradication of poverty starts with people being able to control their own fates. For bringing hope and success to the seemingly hopeless, Dr. Muhammad Yunis has been named Futuresaver of the Week. Click the links below for more information.

Links to other sites on the Web

Muhammad (SALON)
Muhammad (Grameen Bank/People's Fund)
Muhammad (Grameen Foundation USA)