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Muhammad Yunus
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Muhammad Yunus

economist, entrepreneur, university teacher, banker

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1940

Muhammad Yunus is a Bangladeshi economist, academic, and businessman who has been serving as the fifth chief adviser of Bangladesh since 2024. Yunus pioneered the modern concept of microcredit and microfinance, for which he was awarded the Nobel Peace Prize in 2006. He is the founder of Grameen Bank and the first Bangladeshi to win the Nobel Peace Prize.

All Quotes by Muhammad Yunus

“Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things.”
— 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.”
— Muhammad Yunus
“I had no idea that I would ever get involved with something like lending money to poor people, given the circumstances in which I was working in Bangladesh.”
— Muhammad Yunus
“All human beings are born entrepreneurs. Some get a chance to unleash that capacity. Some never got the chance, never knew that he or she has that capacity.”
— Muhammad Yunus
“By simply capitalizing on core strengths and knowledge, companies and entrepreneurs can engage in an emerging business model that will enable them to create - and demonstrate - real, sustainable social impact in society.”
— Muhammad Yunus
“We have a list of human rights - right to food, right to shelter, right to health, right to education, many such items which are considered and accepted as bill of rights. These are to be insured to people. So all nations, all societies try to do that.”
— Muhammad Yunus
“I dismiss personal profit and focus exclusively on people and planet. That's what I call social business: a nondividend company dedicated to solving human problems. You can go all the way, forgetting about personal profit, being single-minded about solving problems. The company makes profit, but profit stays with the company.”
— Muhammad Yunus
“Good economic theory must give the people the chance to use their talents to build their own lives. We must get away from the traditional route where the rich will do the business and the poor will depend on private or public charity.”
— Muhammad Yunus
“The new millennium began with a great global dream. World leaders gathered at the United Nations in 2000 and adopted, among others, a historic goal to reduce poverty by half by 2015. Never in human history had such a bold goal been adopted by the entire world in one voice, one that specified time and size.”
— Muhammad Yunus
“My greatest challenge has been to change the mindset of people. Mindsets play strange tricks on us. We see things the way our minds have instructed our eyes to see.”
— 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.”
— Muhammad Yunus
“Today, the concept of business is to make money. Making money is the name of the business.”
— Muhammad Yunus
“Access to quality education has enabled me to reach far beyond the Bangladeshi village I grew up in.”
— Muhammad Yunus
“Making money is a happiness. And that's a great incentive. Making other people happy is a super-happiness.”
— Muhammad Yunus
“We have a list of human rights - right to food, right to shelter, right to health, right to education, many such items which are considered and accepted as bill of rights. These are to be insured to people. So all nations, all societies try to do that.”
— Muhammad Yunus
“The Grameen Bank Ordinance with amendments up to 2008 is a beautiful legal structure for the fulfillment of the ideals and objectives of the bank. Any change in this structure will be devastating for the bank.”
— Muhammad Yunus
“The Grameen clinics prove that a medical system 'for the poor' can be almost entirely self-supporting, and we hope we can make it fully self sufficient so we can expand it across Bangladesh.”
— Muhammad Yunus
“I was born in 1940 in Hathazari, Chittagong, which is now part of Bangladesh. Education was always important to my parents, and with what little we had, they were able to provide an education for their children.”
— Muhammad Yunus
“By simply capitalizing on core strengths and knowledge, companies and entrepreneurs can engage in an emerging business model that will enable them to create - and demonstrate - real, sustainable social impact in society.”
— Muhammad Yunus
“Good economic theory must give the people the chance to use their talents to build their own lives. We must get away from the traditional route where the rich will do the business and the poor will depend on private or public charity.”
— Muhammad Yunus
“Truly affordable but high-quality health care tools and services are the only means by which quality health care can be provided to all.”
— Muhammad Yunus
“Unprecedented technological capabilities combined with unlimited human creativity have given us tremendous power to take on intractable problems like poverty, unemployment, disease, and environmental degradation. Our challenge is to translate this extraordinary potential into meaningful change.”
— Muhammad Yunus
“Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.”
— Muhammad Yunus
“Peace should be understood in a human way - in a broad social, political and economic way. Peace is threatened by unjust economic, social and political order, absence of democracy, environmental degradation and absence of human rights.”
— Muhammad Yunus
“The poor themselves can create a poverty-free world. All we have to do is to free them from the chains that we have put around them!”
— Muhammad Yunus
“Making money is a happiness. And that's a great incentive. Making other people happy is a super-happiness.”
— 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.”
— Muhammad Yunus
“One day our grandchildren will go to museums to see what poverty was like.”
— Muhammad Yunus
“'I believe that "government", as we know it today, should pull out of most things except for law enforcement and justice, national defense and foreign policy, and let the private sector, a "Grameenized private sector", a social-consciousness-driven private sector, take over their other functions.'”
— Muhammad Yunus
“Poor people always pay back their loans. It's us, the creators of institutions and rules, who keep creating trouble for them.”
— Muhammad Yunus
“The poor themselves can create a poverty-free world — all we have to do is to free them from the chains that we have put around them.”
— Muhammad Yunus
“Poverty has been created by the economic and social system that we have designed for the world. It is the institutions that we have built, and feel so proud of, which created poverty.”
— Muhammad Yunus
“I will not spend the money for myself. I will rather spend it in special business on a no-profit-no-loss policy. We will also establish an eye hospital where even beggars will be given treatment at the cost of Taka 10-20.”
— Muhammad Yunus
“The new millennium began with a great global dream. World leaders gathered at the United Nations in 2000 and adopted, among others, a historic goal to reduce poverty by half by 2015. Never in human history had such a bold goal been adopted by the entire world in one voice, one that specified time and size.”
— Muhammad Yunus
“We will make yogurt with all kinds of nutritious elements. We want to provide nutrition to the poor and children.”
— Muhammad Yunus
“Making money is a happiness. And that's a great incentive. Making other people happy is a super-happiness.”
— Muhammad Yunus
“All human beings have an innate skill — survival skill. The fact that poor are still alive is a proof of their ability to survive. We do not need to teach them how to survive. They know this already.”
— Muhammad Yunus
“The developing world is full of entrepreneurs and visionaries, who with access to education, equity and credit would play a key role in developing the economic situations in their countries.”
— Muhammad Yunus
“We have a list of human rights - right to food, right to shelter, right to health, right to education, many such items which are considered and accepted as bill of rights. These are to be insured to people. So all nations, all societies try to do that.”
— Muhammad Yunus
“Poverty is the absence of all human rights. The frustrations, hostility and anger generated by abject poverty cannot sustain peace in any society.”
— Muhammad Yunus
“Human beings are much bigger than just making money.”
— Muhammad Yunus
“All human beings are born entrepreneurs. Some get a chance to unleash that capacity. Some never got the chance, never knew that he or she has that capacity.”
— Muhammad Yunus
“The Grameen Bank Ordinance with amendments up to 2008 is a beautiful legal structure for the fulfillment of the ideals and objectives of the bank. Any change in this structure will be devastating for the bank.”
— Muhammad Yunus
“Poverty is unnecessary.”
— Muhammad Yunus