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DR MUHAMMAD YUNUS

 

Muhammad Yunus was born in 28th June, 1940 in the village of Bathua, in Hathazari, Chittagong , the business centre of what was then Eastern Bengal. He was the third of 14 children of whom five died in infancy. His father was a successful goldsmith who always encouraged his sons to seek higher education. But his biggest influence was his mother, Sufia Khatun, who always helped any poor that knocked on their door. This inspired him to commit himself to eradication of poverty. His early childhood years were spent in the village. In 1947, his family moved to the city of Chittagong, where his father had the jewelery business.

 In 1974, Professor Muhammad Yunus, a Bangladeshi economist from Chittagong University , led his students on a field trip to a poor village. They interviewed a woman who made bamboo stools, and learnt that she had to borrow the equivalent of 15p to buy raw bamboo for each stool made. After repaying the middleman, sometimes at rates as high as 10% a week, she was left with a penny profit margin. Had she been able to borrow at more advantageous rates, she would have been able to amass an economic cushion and raise herself above subsistence level.

 Realizing that there must be something terribly wrong with the economics he was teaching, Yunus took matters into his own hands, and from his own pocket lent the equivalent of ? 17 to 42 basket-weavers. He found that it was possible with this tiny amount not only to help them survive, but also to create the spark of personal initiative and enterprise necessary to pull themselves out of poverty.

 Against the advice of banks and government, Yunus carried on giving out 'micro-loans', and in 1983 formed the Grameen Bank, meaning 'village bank' founded on principles of trust and solidarity. In Bangladesh today, Grameen has 1,084 branches, with 12,500 staff serving 2.1 million borrowers in 37,000 villages. On any working day Grameen collects an average of $1.5 million in weekly installments. Of the borrowers, 94% are women and over 98% of the loans are paid back, a recovery rate higher than any other banking system. Grameen methods are applied in projects in 58 countries, including the US, Canada, France, The Netherlands and Norway.

 Awards

1

BANGLADESH : President's Award : 1978

Originator of the concept of Three share Farming (Tebhaga Khamar) as a joint farming operation. Organised Nabajug Tebhaga Khamar in Jobra, Chittagong in 1975, around a deep tubewell which was lying unused because of management problems. Government of Bangladesh adopted the concept and introduced it in the country under the name of "Packaged Input Programme" (PIP) in 1977. Nabajug Tebhaga Khamar was awarded President's Award in 1978 for introducing an innovative organisation in agriculture.

2

PHILIPPINES : Ramon Magsaysay Award : 1984

Awarded Ramon Magsaysay Award in the Field of "Community Leadership" in 1984 for "Enabling the neediest rural men and women to make themselves productive with sound group managed credit."

3

BANGLADESH : Central Bank Award : 1985

Awarded the Bangladesh Bank Award 1985 in recognition of the contribution in devising a new banking mechanism to extend credit to the rural landless population, thereby creating self employment and socio economic development for them.

4

BANGLADESH : Independence Day award : 1987

Awarded the Independence Day Award, 1987, by the President for the outstanding contribution in rural development. This is the highest civilian national award of Bangladesh.

5

SWITZERLAND : Aga Khan Award For Architecture : 1989

Awarded Aga Khan Award For Architecture, 1989 by Geneva based Aga Khan Foundation for designing and operating Grameen Bank Housing Programme for the poor, which helped poor members of Grameen Bank to construct 60,000 housing units by 1989, each costing on an average $ 300.

6

U.S.A. : Humanitarian Award : 1993

Awarded 1993 Humanitarian Award by the CARE, U.S.A. in recognition of role in providing a uniquely pragmatic and effective method of empowering poor women and men to embark on income generating activities.

7

SRI LANKA : Mohamed Sahabdeen Award for Science (Socio Economic) : 1993

Awarded Mohamed Sahabdeen Award for Science (Socio Economic) in 1993.

8

BANGLADESH : Rear Admiral M. A. Khan Memorial Gold Medal Award : 1993

Awarded Rear Admiral Mahbub Ali Khan Memorial Gold Medal Award in 1993.

9

U.S.A. : World Food Prize : 1994

Awarded 1994 World Food Prize by World Food Prize Foundation, U.S.A. in recognition of the lifetime achievements of an economist who created a bank loan system that has given millions of people access to adequate food and nutrition for the first time in their lives.

10

U.S.A. : Pfeffer Peace Prize : 1994

Awarded 1994 Pfeffer Peace Prize by the Fellowship of Reconciliation, U.S.A. for his vision of non collateral lending through the Grameen Bank and the courage of persevere in the concept that credit is a human right.

11

BANGLADESH : Dr. Mohammad Ibrahim Memorial Gold Medal Award : 1994

Awarded Dr. Mohammad Ibrahim Memorial Gold Medal Award in 1994.

12

SWITZERLAND : Max Schmidheiny Foundation Freedom Prize : 1995

Awarded Max Schmidheiny Foundation Freedom Prize in 1995.

13

BANGLADESH : RCMD Award : 1995

Awarded Rotary Club of Metropolitan Dhaka Foundation Award in 1995.

14

VENEZUELA & UNESCO : International Simon Bolivar Prize : 1996

Awarded International Simon Bolivar Prize in 1996.

15

U.S.A. : "Distinguished Alumnus Award" of Vanderbilt University : 1996

Awarded "Distinguished Alumnus Award" of Vanderbilt University in 1996.

16

U.S.A. : International Activist Award : 1997

Awarded International Activist Award Gleitsman Foundation, U.S.A., in 1997.

17

GERMANY : Planetary Consciousness Business Innovation Prize : 1997

Awarded "Planetary Consciousness Business Innovation Prize" by the club of Budapest in 1997.

18

NORWAY : Help for self help Prize : 1997

Awarded "Help for self help Prize" by the Stromme Foundation in 1997.

19

ITALY : Man for Peace Award : 1997

Awarded "Man for Peace Award" by the Together For Peace Foundation in 1997.

20

U.S.A. : State of the World Forum Award : 1997

Awarded "State of the World Forum Award" by the State of the World Forum, San Francisco in 1997.

21

U.K.: One World Broadcasting Trust Media Awards : 1998

Awarded “One World Broadcasting Trust Special Award” by the One World Broadcasting Trust in 1998.

22

SPAIN : The Prince of Austurias Award for Concord : 1998

Awarded “The Prince of Austurias Award for Concord” by The Prince of Austurias Foundation in 1998.

23

AUSTRALIA : Sydney Peace Prize : 1998

Awarded “Sydney Peace Prize” by the Sydney Peace Foundation in 1998.

24

JAPAN : Ozaki (Gakudo) Award : 1998

Awarded “Ozaki (Gakudo) Award” by the Ozaki Yukio Memorial Foundation in 1998.

25

INDIA : Indira Gandhi Prize : 1998

Awarded “Indira Gandhi Prize” for Peace, Disarmament and Development by the Indira Gandhi Memorial Trust in 1998.

26

FRANCE : Juste of the Year Award : 1998

Awarded "Juste of the Year" by the Les Justes D'or in 1998.

27

U.S.A. : Rotary Award for World Understanding 1999

Awarded “Rotary Award for World Understanding” by the Rotary International in 1999.

28

ITALY : Golden Pegasus Award : 1999

Awarded “Golden Pegasus Award” by the TUSCAN Regional Government in 1999.

29

ITALY : Roma Award for Peace and Humanitarian Action : 1999

Awarded “Roma Award for Peace and Humanitarian Action” by the Municipality of Rome in 1999.

30

INDIA : Rathindra Puraskar : 1998

Awarded “Rathindra Puraskar for 1998” by the Visva-Bharati in 1999.

31

SWITZERLAND : OMEGA Award of Excellence for Lifetime Achievement : 2000

Awarded “OMEGA Award of Excellence for Lifetime Achievement” in 2000.

32

ITALY : Award of the Medal of the Presidency of the Italian Senate : 2000

Awarded “The Medal of the Presidency of the Italian Senate” in 2000.

33

JORDAN : King Hussein Humanitarian Leadership Award : 2000

Awarded "King Hussein Humanitarian Leadership Award" by the King Hussein Foundation in 2000.

34

BANGLADESH : "IDEB Gold Medal" Award : 2000

Awarded IDEB Gold Medal Award by the Institute of Diploma Engineers in 2000.

35

ITALY : "Artusi" Prize : 2001

Awarded "Artusi" prize by Comune di Forlimpopoli in 2001.

36

JAPAN : Grand Prize of the Fukuoka Asian Culture Prize : 2001

Awarded "Grand Prize of the Fukuoka Asian Culture Prize " by the Fukuoka Asian Culture Prize Committee in 2001.

37

VIETNAM : Ho Chi Minh Award : 2001

Awarded “Ho Chi Minh Award” by the Ho Chi Minh City Peoples’ Committee in 2001.

38

SPAIN : International Cooperation Prize Caja de Granada : 2001

Awarded “International Cooperation Prize Caja de Granada” Caja de Ahorros de Granada in 2001.

39

SPAIN : “NAVARRA” International Aid Award : 2001

“NAVARRA” International Aid Award by the Autonomous Government of Navarra together with Caja Laboral (Savings Bank) in 2001.

40

U.S.A : Mahatma Gandhi Award :2002

Awarded “Mahatma Gandhi Award” by the M.K Gandhi Institute for Nonviolence, in 2002.

41

U.K. : World Technology Network Award 2003

Awarded "World Technology Network Award 2003" for Finance by the World Technology Network in 2003.

42

SWEDEN : Volvo Environment Prize 2003

Awarded "Volvo Environment Prize 2003" by the Volvo Environment Prize Foundation in 2003.

43

COLOMBIA : National Merit Order Award

Awarded "National Merit Order" by the Honorable President of the Republic of Colombia in 2003.

44

FRANCE : The Medal of the Painter Oswaldo Guayasamin Award

Awarded "The Medal of the Painter Oswaldo Guayasamin" by the UNESCO in 2003.

45

SPAIN : Telecinco Award : 2004

Awarded "Telecinco Award for Better Path Towards Solidarity" by the Spanish TV Netwark - Channel 5 in 2004.

46

ITALY : City of Orvieto Award : 2004

Awarded "City of Orvieto Award" by the Municipality of Orvieto in 2004.

47

U.S.A : The Economist Innovation Award : 2004

Awarded "The Economist Award for Social and Economic Innovation" by The Economist in 2004.

48

U.S.A. : World Affairs Council Award : 2004

Awarded "World Affairs Council Award for Extra-ordinary Contribution to Social Change" by the World Affairs Council of Northern California in 2004.

49

U.S.A. : Leadership in Social Entrepreneurship Award

Awarded "Leadership in Social Entrepreneurship Award" by Fuqua School of Business of Duke University, U.S.A. in 2004.

50

ITALY : Premio Galileo 2000 - Special Prize for Peace : 2004

Awarded "Premio Galileo 2000 - Special Prize for Peace" by Ina Assitalia Fireuze in 2004.

51

JAPAN : Nikkei Asia Prize : 2004

Awarded "Nikkei Asia Prize for Regional Growth" by the Nihon Keizai Shimbun, Inc. (Nikkei) in 2004.

52

SPAIN : Golden Cross of the Civil Order of the Social Solidarity : 2005

Awarded "Golden Cross of the Civil Order of the Social Solidarity" by the Spanish Ministry of Labour and Social Affairs in May, 2005.

53

U.S.A. : Freedom Award : 2005

Awarded "Freedom Award" by the America's Freedom Foundation, Provo, Utah, U.S.A. in July, 2005.

54

BANGLADESH : Bangladesh Computer Society Gold Medal : 2005

Awarded "Bangladesh Computer Society Gold Medal" by the Bangladesh Computer Society, Bangladesh in July, 2005.

55

ITALY : Prize Il Ponte : 2005

Awarded " Prize Il Ponte " by the Fondazione Europea Guido Venosta, Italy in November, 2005.

56

SPAIN : Foundation of Justice : 2005

Awarded "Foundation of Justice 2005" by the Foundation of Justice, Valencia, Spain in January, 2006.

57

U.S.A : Harvard University, Neustadt Award : 2006

Awarded "Neustadt Award" by Kennedy School of Government, Harvard University, U.S.A. in May, 2006.

58

U.S.A : Global Citizen of the Year Award: 2006

Awarded "Global Citizen of the Year Award" by Patel Foundation for Global understanding, Tampa, Florida, U.S.A in May, 2006.

59

NETHERLAND : Franklin D. Roosevelt Freedom Award: 2006

Awarded "Franklin D. Roosevelt Freedom Award" by Roosevelt Institute, Middleburg, Province of New Zeeland, The Netherlands in May, 2006.

60

SWITZERLAND : ITU World Information Society Award: 2006

Awarded "ITU World Information Society Award" by International Telecommunication Union , Geneva , Switzerland in May, 2006.

61

KOREA : Seoul Peace Prize : 2006

Awarded "Seoul Peace Prize 2006" by Seoul Peace Prize Cultural Foundation, Seoul, Korea in October, 2006.

62

SPAIN : Convivencia (Good Fellowship) of Ceuta Award : 2006

Awarded "Convivencia (Good Fellowship) of Ceuta 2006" by Fundacion Premio Convivencia, Ceuta, Spain in October, 2006.

63

NORWAY : Nobel Peace Prize : 2006

Awarded "Nobel Peace Prize 2006" in October, 2006.

64

INDIA : Disaster Mitigation Award 2006:

Awarded "Disaster Mitigation Award 2006" by FIRST INDIA Disaster Management Congress 2006, Delhi, India in November, 2006.

65

INDIA : Shera Bangalee 2006 :

Awarded "SHERA BANGALEE 2006" by ETV, India in February, 2007.

66

USA : Global Trailblazer Award 2007 :

Awarded "Global Trailblazer Award 2007" by the Vital Voices, Washington DC, USA in March, 2007.

67

USA : ABICC Award For Leadership In Global Trade : 2007 :

Awarded "ABICC Award For Leadership in Global Trade 2007" by ABICC, Miami , USA in March, 2007.

68

USA : Social Entrepreneur Award 2007 :

Awarded "Social Entrepreneur Award 2007" by the Geoffrey Palmer Center for Social Entrepreneurship and the Law, Pepperdine School of Law, USA in January, 2007.

69

USA : Global Entrepreneurship Leader Award 2007 :

Awarded "Global Entrepreneurship Leader Award 2007" by the National Foundation for Teaching Entrepreneurship, USA in April, 2007.

70

SPAIN : RED CROSS Gold Medal 2007 :

Awarded "Red Cross Gold Medal 2007" by the Red Cross Society, Spain in 2007.

71

INDIA : Rabindra Nath Tagore Birth Centenary Plaque 2007 :

Awarded "Rabindra Nath Tagore Birth Centenary Plaque 2007" by the Asiatic Society, Kolkata, India in May, 2007.

72

NETHERLAND : EFR-Business Week Award 2007 :

Awarded "EFR-Business Week Award 2007" by the University of Rotterdam, The Netherlands in May 2007.

73

U.S.A. : Nichols-Chancellor’s Medal :

Awarded "Nichols-Chancellor’s Medal" by the Vanderbilt University, U.S.A. in May, 2007.

74

GERMANY : Vision Award 2007 :

Awarded "Vision Award 2007" by the Global Economic Network, Berlin, Germany in June, 2007.

75

U.S.A : BAFI Global Achievement Award 2007 :

Awarded "BAFI Global Achievement Award 2007" by the Bangladesh-American Foundation Inc., U.S.A in July, 2007.

76

INDIA : Sakaal Person of the Year Award 2007 :

Awarded "Sakaal Person of the Year Award 2007" by the Sakaal Group of Publications, India in November, 2007.

77

PHILIPPINES : First AHPADA Global Award :

Awarded "1st AHPADA Global Award" by the ASEAN Handicraft Promotion and Development Association (ASPADA), Philippines in November, 2007.

 

 

 

 

Honorary Degrees Received by Professor Muhammad Yunus :

1

U.K. : Awarded the Degree of Doctor of Letters, honoris causa, by the University of East Anglia, U.K., in 1992.

2

U.S.A. : Awarded the Degree of Doctor of Humanities by the Oberlin College, U.S.A. in 1993.

3

CANADA : Awarded the Degree of Doctor of Law, honoris causa, by the University of Toronto, Canada in 1995.

4

U.S.A. : Awarded the Degree of Doctor of Law by the Haverford College, U.S.A. in May, 1996.

5

U.K. : Awarded the Degree of Doctor of Law by the Warwick University, U.K. in July, 1996.

6

U.S.A.: Awarded the Degree of Doctor of Public Service by the Saint Xaviers' University, U.S.A. in May, 1997.

7

U.S.A. : Awarded the Degree of Doctor of Civil Law, Honoris Causa by the University of the South, U.S.A. in January, 1998.

8

BELGIUM : Awarded the Degree of Doctor Honoris Cause by the Katholieke Universiteit Leuven, Belgium in February, 1998.

9

U.S.A. : Awarded the Degree of Doctor of Social Science, honoris causa by the Yale University, U.S.A. in May, 1998.

10

U.S.A. : Awarded the Degree of Doctor of Humane Letters, honoris causa by the Brigham Young University, U.S.A. in August, 1998.

11

AUSTRALIA : Awarded the Honorary Degree of Doctor of Science in Economics by the University of Sydney, Australia in November, 1998.

12

AUSTRALIA : Awarded the Honorary Degree of Doctor of the University by the Queensland University of Technology, Brisbane, Australia in February, 2000.

13

ITALY : Awarded the Honorary Degree of Doctor in Economics and Business (Laurea Honoris Causa) by the University of Turin, Turin, Italy in October, 2000.

14

U.S.A. : Awarded the Degree of Humane Letters, Honoris Causa by the Colgate University, Hamilton, U.S.A. in May 2002.

15

BELGIUM : Awarded the Degree of Doctor Honoris Causa by the University Catholique of Louvain in February, 2003.

16

ARGENTINA : Awarded the Degree of Doctor Honoris Causa by the Universitad Nacional De Cuyo in April, 2003.

17

SOUTH AFRICA : Awarded the Degree of Doctor of Economics, honoris Causa by the University of Natal in December 2003.

18

INDIA : Awarded the Degree of Doctor of Science, Honoris Causa by the Bidhan Chandra Krishi Viswayvidyalaya, India in February, 2004.

19

THAILAND : Awarded the Degree of Doctor of Technology, Honoris Causa by the Asian Institute of Technology in August, 2004.

20

ITALY : Awarded the Degree of Doctor in Business Economics, Honoris Causa by the University of Florence in September, 2004.

21

ITALY : Awarded the Honorary Degree of Doctor in Pedagogyst by the University of Bologna in October, 2004.

22

SPAIN : Awarded the Degree of Doctor Honoris Causa by the Universidad Complutense, Madrid in October, 2004.

23

SOUTH AFRICA : Awarded the Honorary Doctorate Degree in Economics by the University of Venda, South Africa in May, 2006.

24

LEBANON : Awarded the Doctor of Humane Letters by the American University of Beirut, Lebanon in June, 2006.

25

SPAIN : Awarded the Doctor of Honoris Causa by the University of Alicante in Valencia, Spain in June, 2006.

26

SPAIN : Awarded the Doctor of Honoris Causa by the University of Valencia, in Valencia, Spain in June, 2006.

27

SPAIN : Awarded the Doctor of Honoris Causa by the University of Jaume I in Valencia, Spain in June, 2006.

28

BANGLADESH : Awarded the Honorary Degree of Doctor of Laws by the University of Dhaka, Bangladesh in February, 2007.

29

JAPAN : Awarded the Honorary Degree of Doctor of Humanities by the Rikkyo University, Tokyo, Japan in July, 2007.

30

MALAYSIA : Awarded the Honorary Degree of Doctor of Economics by the Universiti Sains Malaysia, Penang, Malaysia in August, 2007.

31

KOREA : Awarded the Honorary Degree of Doctor of Philosophy by the Ewha Womans University in September, 2007.

 

 

Special Honour :

1

PHILIPPINES : Legislature of Negros Occidental, a province of the Philippines, passed a resolution awarding the status of "Adopted Son of Negros Occidental" for the contribution made to the poorest of the poor of the province, in 1992.

2

BANGLADESH : Chosen by The Daily Star, a daily newspaper of Bangladesh, as the "Man of the Year 1994".

3

U.S.A. : Was Chosen as the" Person of the Week"

Professor Muhammad Yunus was chosen as the "Person of the Week" by American TV ABC's World News Tonight with Peter Jennings on September 15, 1995 at the conclusion of the World Summit on Women held in Beijing.

This is how Peter Jennings announced the news :
"Finally this evening, our Person of the Week. As we reported elsewhere in this broadcast, the International Women’s Conference in China is now over. And the women there, from many parts of the world, will go home and try to inspire others to translate all the talking into action which will benefit women. On this final day of the women’s conference, we choose a man. He was on the agenda of the women’s conference because he truly understands the value of women."

4

HONG KONG : The ASIAWEEK, a weekly international news magazine has selected as one of the "Twenty Great Asians (1975 1995)".

5

INDIA : The Ananda Bazar Patrika a daily leading newspaper of India has selected as one of the “Ten Great Bangalees of the century" (1900-1999).

6

HONG KONG : The ASIAWEEK, a weekly international news magazine has selected as one of the “Asians of the Century (1900-1999).

7

U.S.A. : The U.S. NEWS a weekly leading news-magazine of U.S.A. has selected as one of the 20 Heroes in the world in 2001.

8

U.S.A. : Appointed as an International Goodwill Ambassador for UNAIDS by the United Nations in June, 2002.

9

BANGLADESH : Elected as a Fellow of the Society by the Asiatic Society of Bangladesh in September, 2003.

10

U.S.A. : PBS Documentary : The 25 Most Influential Business Persons of the Past 25 Years

Professor Yunus was chosen by Wharton School of Business for PBS documentary, as one of "The 25 Most Influential Business Persons of the Past 25 Years" Among others were : Bill Gates, George Soros, Oprah Winfrey, Jeff Bezos, Richard Branson, Warren Buffertt, Michael Dell, Alan Greenspan, Lee Lacocca, Charles Schwab, Frederick Smith, and Sam Walton. PBS aired the programme on January 19, 2004, in their "Nightly Business News".

11

U.S.A. : Profiled in Discovery Channel

In 2004, TV Cable Channel Discovery produced an autobiography documentary film series titled "Crossings". In each episode it featured "one individual who made significant contribution to society as a result of certain experiences in life." Twelve Asians were profiled in this series. Professor Muhammad Yunus was one of them. He was the only one from the South Asian countries. Among others were : Chinese actress-director Joan Chan, international action movie star Jackie Chan, Thai elephant keeper Saudia Shawalla, and Malaysian cartoonist Datuk Laat.

12

FRANCE : Inducted as a Member of the Legion d'Houneur by President Chirac of France in May, 2004.

13

BELGIUM : Appointed as a Special Advisor to Hon'ble Mr. Louis Michel, E.U. Commissioner for Development and Humanitarian Aid in March 2005.

14

FRANCE : Awarded "Professeur Honoris Causa" by the most prestigious business school of France, HEC, in October, 2005.

15

TURKEY : Addressed the "Members of the Turkish Grand National Assembly" at the invitation of the Speaker of the Grand National Assembly Mr. Bulent ARINC, on May 15, 2006.

16

COLOMBIA : Received the "Key of Bogota City" from the Mayor of Bogota City, the capital of Columbia in October, 2006.

17

COLOMBIA : Addressed Upper House of Parliament (Senate) and formal conferment of the title of "Knight", Colombia in October, 2006.

18

CHINA : Appointed as "Honorary Professor" by Peking University, China on October, 2006.

19

HONG KONG : "TIME" a weekly International news-magazine has selected as an "ASIAN HERO" of their "60 Years of ASIAN HEROS" issue in November, 2006.

20

U.S.A. : MSN chosen as one of "Ten Most Influential Men of 2006" in their MSN LIFESTYLE : MEN category in December, 2006.

21

KOREA : Selected as a "Distinguished Fellow" of the Ewha Academy for Advanced Studies, EWHA WOMENS UNIVERSITY, Seoul, Korea in March, 2007.

22

BAHRAIN : Conferred the highest honour "Medal of the First Order of Merit" by the Kingdom of Bahrain in February, 2007.

23

U.S.A. : “Business Week” a weekly international news magazine has selected as one of the “Greatest Entrepreneurs of All Time” in July, 2007.

24

CHINA : The Government of Hainan Province of the People’s Republic of China has honoured as an Adviser to the Government of Hainan Province in July, 2007

25

KINGDOM OF SAUDI ARABIA : The King of Saudi Arabia has honoured the highest Civil Award "King Abudl Aziz Medal" in September, 2007.

 

 

Awards Received by Grameen Bank:

1

SWITZERLAND : Aga Khan Award For Architecture : 1989

Awarded Aga Khan Award For Architecture, 1989 by Geneva based Aga Khan Foundation for designing and operating Grameen Bank Housing Programme for the poor, which helped poor members of Grameen Bank to construct 60,000 housing units by 1989, each costing on an average $ 300.

2

BELGIUM : King Baudouin International Development Prize : 1993

Awarded "The King Baudouin International Development Prize 1992" for its recognition of the role of women in the process of development and the novelty of a financial credit system contributing to the improvement of the social and material condition of women and their families in rural areas.

3

BANGLADESH : Independence Day Award : 1994

Awarded Independence Day Award for outstanding contribution to Rural Development.

4

MALAYSIA : Tun Abdul Razak Award : 1994

Awarded 1994 Tun Abdul Razak Award for the Bank's unique programme to lend money to the poorest of the poor and thus transform the lives of thousands of impoverished people.

5

UNITED KINGDOM : World Habitat Award : 1997

Awarded “World Habitat Award : 1997” by Building and Social Housing Foundation.

6

INDIA : Gandhi Peace Prize : 2000

Awarded "Gandhi Peace Prize :2000" by Government of India.

7

U.S.A. : Petersberg Prize : 2004

Awarded "Petersberg Prize 2004" by the Development Gateway Foundation, U.S.A. in 2004.

8

Norway : Nobel Peace Prize : 2006

Awarded "Nobel Peace Prize 2006" in October, 2006