Cat Stevens slated for Nobel Prize show

OSLO, Norway, Nov. 1 (UPI) -- Cat Stevens will make a rare appearance next month at a concert in Norway to be held in connection with the Nobel Peace Prize. Stevens, who was popular in the 1970s and now goes by the Muslim name Yusuf Islam, will appear at the Dec. 11 Nobel Peace Concer

Bangladeshi banker wins Nobel Peace Prize

OSLO, Norway, Oct. 13 (UPI) -- Bangladesh's Muhammad Yunus and the bank he founded to deliver small loans to impoverished people have been selected for the 2006 Nobel Peace Prize.

World Information Society Day celebrated

GENEVA, Switzerland, May 17 (UPI) -- The International Telecommunications Union celebrated the first annual World Information Society Day Tuesday in Geneva, Switzerland.

Nokia's high hopes for Bagladeshi market

Some of the world's most impoverished nations have turned to mobile technology when it comes to meeting their telecommunications needs. Unlike land lines, which
SHIHOKO GOTO, UPI Senior Business Correspondent

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U.S. newspaper editorial comment on issues of international interest.
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Muhammad Yunus
Muhammad Yunus, 2006 Nobel Peace Prize winner for his Grameen Bank's micro-lending policies to help the impoverished in Bangladesh, speaks during a luncheon in Washington on November 20, 2006. (UPI Photo/Roger L. Wollenberg)

Muhammad Yunus (Bengali: মুহাম্মদ ইউনুস, pronounced Muhammôd Iunus) (born 28 June 1940) is a Bangladeshi 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 previously was a professor of economics where he developed the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. He is the author of Banker to the Poor and a founding board member of Grameen America and Grameen Foundation. In early 2007 Yunus showed interest in launching a political party in Bangladesh named Nagorik Shakti (Citizen Power), but later discarded the plan. He is one of the founding members of Global Elders.

Yunus also serves on the board of directors of the United Nations Foundation, a public charity created in 1998 with entrepreneur and philanthropist Ted Turner’s historic $1 billion gift to support United Nations causes. The UN Foundation builds and implements public-private partnerships to address the world’s most pressing problems, and broadens support for the UN.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Muhammad Yunus."
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