The Nobel Peace Prize 2006
Awarded on: 2006-10-13
"for their efforts to create economic and social development from below"
Muhammad Yunus
Born: 1940-06-28 in Chittagong, British India (now Bangladesh)
Gender: male
Field: Bangladeshi economist and statesman (born 1940)
Biography
Muhammad Yunus is a Bangladeshi economist and social business entrepreneur. He led Bangladesh’s transition to democratic governance after the July Uprising in 2024, which resulted in the ouster of its former prime minister, Sheikh Hasina. During the transition period he served as the 5th Chief Adviser of Bangladesh from 2024 to 2026. 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.