Skip to main content

PROSE 3 - Muhammad Yunus


SUMMARY

Early life:
Yunus was born on 28 June 1940 to a Muslim family in Hathazarai, Chittagong. In 1940, that was part of British-controlled India. But, after independence in 1947, became East Pakistan. (and later Bangladesh)
Yunus was an excellent student, becoming one of the best students in the year at Chittagong Collegiate School, and later Chittagong College. He completed a BA degree in economics at Dhaka University in 1960, and his MA in 1961.
After graduation, he taught economics at Chittagong College and served as a research assistant under Nurul Islam. In 1965 he gained a Fulbright scholarship to study in the UN. Later in 1971, he gained a PhD in economics from the Vanderbilt University Graduate Program in Economic Development. He also worked as an assistant professor of economics at Middle Tennessee State University.
In 1970, he met Vera Forostenko a Russian immigrant to the US. They had one child, Monica Yunus, but Vera did not want to live in Bangladesh and the couple split. Yunus later married Afrozi Yunus, and they had one daughter Deena Afroz Yunus.
 Muhammad Yunus is a Bangladeshi banker and recipient of the Nobel Peace Prize (2006). Yunus is credited with developing the concepts of microfinance and microcredit. These are schemes which offer small loans to the rural poor – to enable them to invest and lift themselves out of poverty.
“When we want to help the poor, we usually offer them charity. Most often we use charity to avoid recognizing the problem and finding the solution for it. Charity becomes a way to shrug off our responsibility. But charity is no solution to poverty.

Yunus decided to lend some of his own money to 42 women in the village of Jobra, near Chittagong. It was only a total of US$27, and he was repaid with a profit of $0.02 on each loan. This convinced him microloans were a viable business model.
Video Lecture Links:
https://youtu.be/9eNOyyky_GE



Contents 1  2  3  4  5  6  7  8  9  10
 
Labels:

Comments

Post a Comment

Popular posts from this blog

Interview Notes / Questions - US Taxation 1065 & 1120

  1.     163 J: Business Interest Expense limitation: Example: Capital Structure: Debt - 98% Equity - 2% 8890 Fedra Form Why IRS limiting a corporation? Corporation highly leverage on debt so they pay high interest expense to claim deductions.   2.     Sec 78 Gross up: If parent paid taxes of it's foreign subsidiaries, then the parent Can Claim that tax in us and can pay less tax Ex. 100$ (CFC) earn & paid 10$ tax & in Us parent must 21% 21$ pay can deduct 10$, must pay only 11$. line 30 state 50% deduction line 28 State 100% deduction   $210 $ 10 = $ 11 3.     Sub part F: If Sub part f is an income which is relatively movable from one taxing jurisdiction to another and that is Subject to low rates of foreign tax - This applies to CFC only.   4.     DRD: Dividend Received Deduction It is a tax deduction available to corporations in the US that receive dividen...
Post a Comment
Read more

Unit II - B2C Internet Marketing

No business-to-consumer (B2C) company could survive — never mind thrive — without doing some kind of marketing. B2C marketing, which differs from business-to-business (B2B) marketing in that it focuses on promoting goods and services to individual consumers (rather than other organizations), is the wizardry that makes a company both visible and attractive to their target audience.  It’s how you create interest in your offering, how you bring in new customers (acquisition), how you hold onto existing ones (retention), how you boost sales, and how you turn your hard work into profit. It is, in many ways, the lifeblood of a business. But “doing” B2C marketing isn’t as simple as shouting from the rooftops about your new clothing line or app. You need to know who you’re talking to. You need to be familiar with the channels available to you. And fortunately, thanks to digital transformation, there are now plenty.  The rise of online media and technologies has la...
Post a Comment
Read more

Section - 9 - Interview and Interviewing skills.

1. "Tell me a little about yourself." If you're the interviewer, there's a lot you should already know: The candidate's resume and cover letter should tell you plenty, and LinkedIn and Twitter and Facebook and Google can tell you more. The goal of an interview is to determine whether the candidate will be outstanding in the job, and that means evaluating the skills and attitude required for that job. Does she need to be an empathetic leader? Ask about that. Does she need to take your company public? Ask about that. If you're the candidate, talk about why you took certain jobs. Explain why you left. Explain why you chose a certain school. Share why you decided to go to grad school. Discuss why you took a year off to backpack through Europe, and what you got out of the experience. When you answer this question, connect the dots on your resume so the interviewer understands not just what you've done, but also  why . 2. "What are your biggest ...
Post a Comment
Read more