Beyond Profit: A Talk With Muhammad Yunus
Wednesday, April 17, 2013
Today, in a ceremony at the United States Capitol, Congressional leaders will present the founder of the Grameen Bank, Muhammad Yunus, with the Congressional Gold Medal in recognition of his “efforts to combat global poverty.” The award places Yunus in the company of a small group of people – including Norman Borlaug, Martin Luther King, Jr., Nelson Mandela, Elie Wiesel, Daw Aung San Suu Kyi, and Mother Teresa — who have received this award, as well as the Presidential Medal of Freedom and the Nobel Peace Prize.
Yunus is best known for his work pioneering and spreading microfinance. Today, microfinance providers reach about 200 million clients globally. In Bangladesh, the Grameen Bank has 8.4 million borrowers, 96 percent women. Yunus has also developed many other enterprises that offer an array of products and services to the poor, including Grameen Phone, the largest cellphone operator in the country.