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About Muhammad Yunus: Recipient of the 2006 Nobel Peace Prize, Professor Muhammad Yunus is...Recipient of the 2006 Nobel Peace Prize, Professor Muhammad Yunus is recognized for his work in poverty alleviation and the empowerment of poor women. Prof. Yunus has melded capitalism with social responsibility to create the Grameen Bank, a microcredit institution committed to providing small amounts of working capital to the poor for self-employment. Grameen Bank has provided loans to 5 million clients in Bangladesh, 96% of who are women. The innovative approach to poverty alleviation pioneered by Professor Yunus in a small village in Bangladesh has inspired a global microcredit movement reaching out to millions of poor women from rural South Africa to inner city Chicago. Professor Yunus is a proud member of Ashoka's Global Academy for Social Entrepreneurship.