In Bangladesh, 3.7 million people have reportedly signed a petition urging the prime minister of Bangladesh to allow Dr Yunus to continue as the head of Grameen Bank. The event, organized by “The Citizens’ Committee to Protect the Honour of Nobel Laureate Professor Yunus,” was held after the Bangladesh High Court upheld the argument of the government of Bangladesh invalidating the original appointment of Dr Yunus as the managing director of Grameen Bank.
Founder and chief executive officer Alex Counts of the Grameen Foundation, a US-based nonprofit, recently expressed his concern in an open letter over the removal of Dr Muhammad Yunus as managing director of Grameen Bank, a Bangladeshi microfinance institution (MFI) that manages total assets of USD 1.4 billion .
In an email exchange with US-based newspaper The Wall Street Journal, Grameen Bank founder and Nobel Peace Prize winner Dr Muhammad Yunus has been asked for his thoughts on efforts by the Bangladesh Bank (BB), the central bank of Bangladesh, to remove him from his position as managing director of Grameen Bank   .
Grameen Bank Founder and Nobel Peace Prize Winner Dr Muhammad Yunus has appealed against the Bangladesh High Court’s recent ruling in favor of an attempt by the Bangladesh Bank (BB), the central bank of Bangladesh, to remove Dr Yunus from his position as managing director of Grameen Bank.  . The Grameen Bank is a Bangladeshi microfinance institution (MFI) that manages total assets of USD 1.4 billion.
The US-based nonprofit data provider Microfinance Information Exchange (MIX) recently published an updated review of the methodology for categorizing microcredit interest rates proposed by Nobel laureate Dr Muhammad Yunus in his book “Creating a World Without Poverty”. The review, which uses 2009 data from approximately 1,020 microfinance institutions (MFIs) covering approximately 88 million borrowers, updates the findings of the previous review presented by MIX that uses 2008 data.
An estimated 20,000 employees and customers of Grameen Bank, a Bangladeshi microfinance institution (MFI) that manages total assets of USD 1.4 billion, convened in protest against the move of Bangladesh Bank, the central bank of Bangladesh, to dismiss Nobel laureate Dr Muhammad Yunus as managing director of the MFI .
The Bangladesh High Court ruled on March 8, 2011, in favor of the effort by Bangladesh Bank, the central bank of Bangladesh, to remove Nobel laureate Dr Muhammad Yunus from his position as managing director of Grameen Bank, a Bangladeshi microfinance institution (MFI) that manages total assets of USD 1.4 billion as of 2009.
Bangladesh Bank, the central bank of Bangladesh, has reportedly attempted to remove Nobel laureate Dr Muhammad Yunus from his position as managing director of Grameen Bank, a microfinance institution (MFI) based in Bangladesh in which the government holds a 25-percent stake.
The finance minister of Bangladesh, Mr Ama Muhith, reportedly said that the government has asked Nobel laureate Dr Muhammad Yunus of Grameen Bank, a microfinance institution (MFI) based in Bangladesh, to transfer his authority as director of the MFI to the deputy director on the grounds that, at age 70, Dr Yunus’ age exceeds the retirement age limit by five years .
Dr Muhammad Yunus, founder of Grameen Bank and winner of the Nobel Peace Prize for his work in microcredit, has again spoken out against the commercialization of microfinance institutions (MFIs) and their deviation from the mission of poverty alleviation.
Grameen Bank founder and 2006 Nobel Peace Prize Winner, Dr Muhammad Yunus, who had been accused of ‘siphoning’ approximately USD 100 million from Grameen Bank to its affiliated health insurer Grameen Kalyan, has reportedly been cleared of any allegations of mishandling funds by the Norwegian Ministry of Affairs.
Bdnews24.com, a web-based Bangladeshi newspaper, reports that Muhammed Yunus, the founder of microfinance institution (MFI) Grameen Bank of Bangladesh and a 2006 Nobel Prize winner for championing microcredit, has been accused of secretly transferring approximately USD 100 million in 1996 to Grameen Kalyan, a sister company of Grameen Bank that offers affordable health insurance to Grameen members and their families but does not engage in microlending.
At the annual meeting of the Clinton Global Initiative, a forum on international development founded in 2005 by former US President Bill Clinton, Nobel laureate Muhammad Yunus and Vikram Akula, founder of Indian SKS Microfinance, which recently went public, discussed different models for microfinance institutions (MFIs).
Mr Muhammad Yunus, Nobel Laureate recipient and founder of Grameen Bank, a Bangladeshi microfinance institution which popularized the concept of community lending, promoted a “social business funding” concept to address social problems in Haiti at a recent speaking engagement in Miami, Florida, USA.
John Cookson, a writer for an online “forum for connecting people and ideas,” Big Think, recently wrote a blog entry entitled “Microfinance: For Community or for Gain?” which questions the present-day motives of microfinance institutions (MFIs) quoting Jonathan Morduch, Professor of Public Policy and Economics at the New York University Wagner Graduate School of Public Service.
Grameen America, a non-profit microfinance organization founded by Dr. Muhammad Yunus, recently held the grand opening of a new Manhattan, New York, branch . This grand opening brings the total number of branches of Grameen America to four, with branches in Queens and Brooklyn, New York, and a third in Omaha, Nebraska. The ceremony took place at City College of New York and was hosted by the Colin Powell Center for Policy Studies. The event featured previous Grameen America borrowers who had used their loans develop retail and culinary businesses .
In an interview with Vikash Humar, Editor in Chief of Microfinance Focus, Mohammad Yunus, founder of Grameen Bank, blasted profit-seeking microfinance institutions (MFIs). He likened these institutions, which he defined as those who charge more than 15 percent plus the cost of funds, to the loan sharks that necessitated the foundation Grameen. While reluctant to name names, Mr Yunus offered Compartamos Banco, a Mexican microfinance bank founded in 1990, as an example of one of these firms. Mr Yunus additionally spoke out against IPOs by MFIs, such as Compartamos Banco and SKS Microfinance, a microfinance institution (MFI), launched in 1998, which caters to women clients in India.
Microfinance Information Exchange (MIX) Lead Researcher, Mr Adrian Gonzalez, has published a report on MIX titled, “Analyzing Microcredit Interest Rates: A Review of the Methodology Proposed by Mohammed Yunus.”