[QODLink]
One on One
Mohammed Yunus
This week on One on One meet Bangladeshi banker and economist Mohammed Yunus.
Last Modified: 09 Jul 2007 13:16 GMT

Mohammed Yunus
Bangladeshi banker and economist Mohammed Yunus, is the developer and founder of the concept of microcredit, the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans. Yunus is also the founder of Grameen Bank.

In 2006, Yunus and the bank were jointly awarded the Nobel Peace Prize, "for their efforts to create economic and social development from below."Yunus himself has received several other international honors, including the World Food Prize and the Sydney Peace Prize. He is the author of Banker to the Poor and a founding board member of Grameen Foundation.

Born into a large family and raised in rural Bangladesh, Mohamed Yunus traveled to the USA to study economics at Vanderbilt University in the 1960’s.

The 2006 Nobel Peace Laureate began the business of fighting poverty more than three decades ago, when he returned to Bangladesh to teach. Disillusioned that his economics lessons within the classroom couldn’t explain the famine outside in the street, he launched a movement targeting the poor with easily available small loans.

Disbelievers say the Grameen Bank is outside the realm of mainstream banking - but it’s now a system that has been emulated in more than 23 countries.

Dr Yunus say the challenge is far from over, and he will not rest until everyone has been freed from the suffering of poverty.


This episode of One on One aired on 19 May 2007

Watch Part One here:

Watch Part Two here:



Contact the show:

You can ask your questions in advance for any of our guests, or if you have any comments and questions on any other topics please click on 'Send your feedback' at the top right hand side of the page under tools.

Click here to see Riz Khan's biography

Click here to watch other AlJazeera English programmes on Youtube


Topics in this article
People
Featured on Al Jazeera
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
Indonesian and Malaysian authorities are keeping a close eye on local supporters of the hard-line Middle East group.
Wastewater ponds dot the landscape in US states that produce gas; environmentalists say they’re a growing threat.
China President Xi Jinping's Mongolia visit brings accords in the areas of culture, energy, mining and infrastructure.
An estimated 36 people die each day in embattled town where pro-Russia rebel separatists fight Ukrainian soldiers.
People are starving in southern Somalia while relief efforts are blocked by government and rebel fighting.
join our mailing list