Muhammad Yunus, Father of Social Business and Microcredit
Tuesday, September 26, 2017
Nobel Prize Winner Muhammad Yunus is the father of both social business and microcredit, the founder of Grameen Bank, and of more than 50 other companies in Bangladesh.
Yunus’s Grameen America has provided small but life-changing loans, totaling more than $535 million and with a repayment rate of 99% to low-income women entrepreneurs across the U.S.
In Bangladesh alone, the Grameen Bank operates in all 80,000 villages. For his constant innovation and enterprise, the Fortune Magazine named Yunus “one of the greatest entrepreneurs of our time.”
Yunus creation of microcredit field has provided small loans to hundreds of millions of people globally, which has allowed them to improve their standard of life while creating businesses.
The world’s richest eight people now own more wealth than the entire bottom half of the population. Yunus believes there is much more work yet to do. Wealth disparity and unemployment exist at unprecedented levels.
Muhammad Yunus's vision is the total eradication of poverty from the world. Yunus says he hopes to put poverty in a museum so that one day our children will visit it and ask how we could have allowed such a terrible thing to go on for so long.
The World Bank recently acknowledged that this business approach to the alleviation of poverty has allowed millions of individuals to work their way out of poverty with dignity.
Credit is the last hope left to those faced with absolute poverty. That is why Yunus believes that the right to credit should be recognized as a fundamental human right. It is this struggle and the unique and extraordinary methods he invented to combat human despair that Yunus continues to have strong humility and conviction. It is also the view of Yunus, familiar with both Eastern and Western cultures on the failures and potential for good of industrial countries.
Yunus is the recipient of 55 honorary degrees from universities across 20 countries. He has received 112 awards from 26 countries including state honors from 10 countries.
He has appeared on the cover of Time Magazine, Newsweek and Forbes Magazine.
Each paid attendee will receive Yunus’s new book A World of Three Zeros: The New Economics of Zero Poverty, Zero Unemployment, and Zero Net Carbon Emissions. Yunus makes his most compelling argument yet for how we can tackle worldwide poverty in a way that creates jobs and effectively curbs climate change.
Early RSVPs are strongly suggested for Yunus, the father of both social business and microcredit, as the event will reach capacity quickly.
|Event Type||Regular Event|
|Event Date||Tuesday, September 26, 2017|
|Event Time||12:00 PM|
|Guests Registered by a Member||$49.00|
|Basic Membership - Ad Club||$39.00|
|NYU Alumni Violet Membership||$39.00|
|Special Membership - Artist/Student/Rhodes Scholars/White House Fellows||$35.00|