i economist and founder of the Grameen Bank
, an institution that provides microcredit
(small loans to poor people possessing no collateral) to help its clients establish creditworthiness and financial self-sufficiency. In 2006 Yunus and Grameen received the Nobel Peace Prize
. Yunus himself has received several other national and international honors.
He is a member of advisory board at Shahjalal University of Science and Technology
.
'I believe that "government", as we know it today, should pull out of most things except for law enforcement and justice, national defense and foreign policy, and let the private sector, a "Grameenized private sector", a social-consciousness-driven private sector, take over their other functions.'
Poor people always pay back their loans. It's us, the creators of institutions and rules, who keep creating trouble for them.
Poverty has been created by the economic and social system that we have designed for the world. It is the institutions that we have built, and feel so proud of, which created poverty.them.
I will not spend the money for myself. I will rather spend it in special business on a no-profit-no-loss policy. We will also establish an eye hospital where even beggars will be given treatment at the cost of Taka 10-20.
We will make yogurt with all kinds of nutritious elements. We want to provide nutrition to the poor and children.