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Quote by Muhammad Yunus

“Credit markets were originally created to serve human needs; to provide businesses and individuals with capital to start or expand businesses or fulfill other financial needs.”

Quote by Muhammad Yunus

Author

Muhammad Yunus, born on June 28, 1940, is a renowned entrepreneur, economist, and philanthropist from Bangladesh. He is best known for founding Grameen Bank, which provides microloans to the poor to help them start businesses and improve their lives. For his work, Yunus was awarded the Nobel Peace Prize in 2006. more

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“Engaging in social business is beneficial to a company because it leverages on business competencies to address social issues, involves one-time investment with sustainable results, and produces other positive effects such as employee motivation and improved organizational culture.”

“Grameen Bank was formed as an institution owned by its borrower members, who are poor women. Through its unique decision-making process, Grameen Bank has given millions of women the means to emerge from the shadows in a male-dominated society and to make something of themselves.”

Mean Given Process Decision Poor Millions Members Unique Shadow Institutions Males Decision Making Borrowers Decision Making Process

Author:Muhammad Yunus

“Health care can be made more affordable for the poor without requiring major new scientific developments, just the smart application of current technologies. We have seen a $25 incubator and diagnostic instruments that are built tough, cheap, and reusable for the developing world.”

World Made Care Poor Technology Development Majors Smart Tough Built Instruments Currents Developing Health Care Application Affordable

Author:Muhammad Yunus

“Here we were talking about economic development, about investing billions of dollars in various programs, and I could see it wasn't billions of dollars people needed right away.”

People Talking Economic Development Needed Program Dollars Investing Various Billions Economic Development

Author:Muhammad Yunus

“I founded Grameen Bank to provide loans to those considered traditionally unbankable. Grameen Bank works with the poorest and often illiterate, providing uncollateralized micro-loans for tiny business enterprises by which they can lift themselves and their families out of poverty.”

Poverty Tiny Lifts Enterprise Providing Loan Poorest Illiterate

Author:Muhammad Yunus

“I have always said that human beings are multidimensional beings. Their happiness comes from many sources, not, as our current economic framework assumes, just from making money.”

Humans Said Human Beings Economic Source Assuming Currents Making Money Framework

Author:Muhammad Yunus

“I was teaching in one of the universities while the country was suffering from a severe famine. People were dying of hunger, and I felt very helpless. As an economist, I had no tool in my tool box to fix that kind of situation.”

People Kind Country Suffering Felt Situation Teaching Dying Tools University Hunger Boxes Helpless Severe Economist Famine Tool Boxes

Author:Muhammad Yunus

“In my experience, poor people are the world's greatest entrepreneurs. Every day, they must innovate in order to survive. They remain poor because they do not have the opportunities to turn their creativity into sustainable income.”

People World Order Turns Opportunity Poor Creativity Entrepreneur Income Poor People

Author:Muhammad Yunus

“Money begets money. If you don't have that, you wait around to be hired by somebody at the mercy of others. If you have that money in your hand, you desperately try to make the best use of it and move ahead. And that's generating income for yourself.”

Ifs Trying Use Hands Moving Waiting Mercy Income Begets Moving Ahead

Author:Muhammad Yunus

“Money commands everything because that's our interpretation of capitalism ... what kind of world is that? It's a very uncomfortable interpretation of a human being. We have been turned into robots.”

World Humans Kind Has Beens Human Beings Capitalism Command Uncomfortable Interpretation Robots

Author:Muhammad Yunus