Nobel Laureate Professor Muhammad Yunus pioneered the concept of social business, utilizing micro-finance to help develop self-sustainable businesses. He established the Grameen Bank in Bangladesh in 1983, fueled by the belief that credit is a fundamental human right. He attended Dhaka University in Bangladesh, then received a Fulbright scholarship to study economics at Vanderbilt University. He received his Ph.D. in economics from Vanderbilt in 1969 and became an assistant professor of economics at Middle Tennessee State University. He returned to Bangladesh to head the economics department at Chittagong University.
Professor Yunus has been recognized with more than 100 awards from 26 countries, including the Nobel Peace Prize, the U.S. Presidential Medal of Freedom, and the U.S. Congressional Gold Medal. In 2006, Timemagazine listed him under “60 years of Asian Heroes” as one of the top 12 business leaders. In 2008, in an open online poll, he was voted the 2nd most intellectual person in the world on the list of Top 100 Public Intellectuals by Prospect magazine (UK). In 2012, Fortune magazine named him one of the 12 greatest entrepreneurs of all time.