MICROFINANCE EVENT: Toronto International Microfinance Summit to Feature Muhammad Yunus, September 29, 2016, Toronto, Canada

Event Name: Toronto International Microfinance Summit 2016, Muhammad Yunus and Social Business: What is the Opportunity for Indigenous & Underrepresented Communities?

Event Date: September 29, 2016

Event Location: Royal Canadian Military Institute, 426 University Avenue, Toronto, Canada

MICROCAPITAL BRIEF: Muhammad Yunus, Grameen Foundation, Grameen Bank, Brazil Foods (BRF) to Invest in Small Businesses, Genetically-Modified Organisms (GMOs) in Haiti

Nobel Peace Prize winner Dr Muhammad Yunus reportedly announced in June 2013 a new partnership between the Grameen Foundation, a US-based nonprofit of which Yunus serves is a board member, the Grameen Bank, a Bangladesh-based microfinance institution (MFI) founded by Dr Yunus, and Brazil Foods (BRF), a Brazil-based food production and processing company, to offer an unspecified amount of money through microfinance loans to small businesses in Haiti that are engaged in the production of genetically-modified organisms (GMOs), particularly in the poultry industry [1,2].

MICROCAPITAL BRIEF: Muhammad Yunus Promotes Holistic Social Business Movement (HSBM) of African Development Bank (AfDB), Yunus Social Business

The African Development Bank (AfDB), a multilateral institution that provides loans and grants to governments and private companies in Africa, and Yunus Social Business (YSB) Global Initiatives, a Germany-based company that aims to fight poverty by promoting businesses that solve social problems, recently announced that they have established the Holistic Social Business Movement (HSBM).

MICROCAPITAL BRIEF: Yunus Social Business Fund Begins Financing Small and Medium-Sized (SMEs) in Haiti

Grameen Bank founder and 2006 Nobel Peace Prize Winner Dr Muhammad Yunus recently announced the support of the Germany-based Yunus Social Business Fund for social businesses in Haiti through a mix of loans and equity.

MICROCAPITAL BRIEF: Bangladeshi Government to Investigate Muhammad Yunus, Social Businesses Associated With Microfinance Institution Grameen Bank

Bangladesh Finance Minister A M A Muhith reportedly has announced that the national government “will form a commission to ensure ‘accountability’ of the Grameen social businesses run by Nobel peace laureate Muhammad Yunus.”

MICROCAPITAL BRIEF: Bangladesh Government Declines to Have Muhammad Yunus Recruit New Managing Director of Microfinance Institution Grameen Bank

After a wait of several months, the government of Bangladesh reportedly has vetoed a suggestion made in 2011 by the board of Grameen Bank to task Dr Muhammad Yunus, founder of the bank, with finding a managing director for it.

MICROCAPITAL BRIEF: SKS Microfinance Founder Vikram Akula Says “Yunus Was Right” About Dangers of Private Investment to Microborrowers

Vikram Akula, the founder of Indian for-profit microfinance institution (MFI) SKS Microfinance Limited, reportedly acknowledged that Dr Muhammad Yunus was “right” about the challenges of “bringing private capital into social enterprise.”

MICROCAPITAL BRIEF: Bangladeshi Prime Minister Proposes Microfinance Pioneer Muhammad Yunus as Next World Bank President

Bangladeshi Prime Minister Sheikh Hasina has reportedly recommended the appointment of Dr Muhammad Yunus, founder of Grameen Bank, as the next president of the World Bank, an institution that provides loans to developing countries.

MICROCAPITAL BRIEF: Dr Muhammad Yunus, Indian Institute of Management – Ahmedabad to Raise $10m for Social Business in India

Dr Muhammad Yunus, the founder of Grameen Bank in Bangladesh, recently partnered with the Indian Institute of Management- Ahmedabad (IIM-A), a public business school, to pool a INR 50 crore (USD 10.1 million) investment fund for social ventures.

MICROFINANCE EVENT: Muhammad Yunus Documentary “Bonsai People” to be Screened in Los Angeles, New York February 10 – February 16, 2012

Event Name: Bonsai People: The Vision of Dr Muhammad Yunus

Event Date: February 10 – February 16, 2012

Event Location:
Laemmle’s Noho 7, 5240 Lankershim Boulevard, North Hollywood, California 91601 USA
The Quad 34, West 13th Street, New York, New York 10013 USA

MICROCAPITAL BRIEF: Muhammad Yunus International Centre for Microfinance and Social Business Launched at Okan University in Turkey

The Okan University in Istanbul, Turkey, has launched the Muhammad Yunus International Centre for Microfinance and Social Business, which aims to contribute to poverty reduction and sustainable development by “promoting, developing and implementing social business ideas and projects” [1].

MICROCAPITAL BRIEF: Dr Muhammad Yunus to Seek Court Review of His Removal as Managing Director of Bangladeshi Microfinance Institution Grameen Bank

Nobel laureate Dr Muhammad Yunus reportedly has sought a review of the court decision that upheld his removal from his position as managing director of Bangladeshi microfinance institution (MFI) Grameen Bank.

MICROCAPITAL BRIEF: Dr Muhammad Yunus to Address Microfinance at Rotary International Convention, Bangkok, Thailand, May 6 – 9, 2012

The Rotarian Action Group for Microcredit (RAGM), the vehicle through which US-based service organization Rotary International conducts its microcredit activities, has recently announced that Dr Muhammad Yunus, the founder of Bangladeshi microfinance institution Grameen Bank, will be addressing the Rotary International Convention to be held in Bangkok, Thailand, from May 6 to May 9, 2012.

MICROCAPITAL BRIEF: Dr Muhammad Yunus Suggests Microfinance “Misinterpreted” as Charity in the Arab World due to Outdated Regulation

Dr Muhammad Yunus, the founder of Bangladeshi microfinance institution (MFI) Grameen Bank, recently argued that the Arab world has “misinterpreted the system’s true principles” by operating it as a “charity affair” [1].

MICROCAPITAL BRIEF: Dr Muhammad Yunus Advises Nigeria’s Microfinance Banks to “Look At Conventional Banking And Do It the Opposite Way”

Dr Muhammad Yunus, the founder and former chairman of Bangladeshi microfinance institution (MFI) Grameen Bank, recently offered guidance to the leaders of Nigeria’s microfinance banks (MFBs) relating to social mission, capital structure and interest rates.

MICROCAPITAL BRIEF: Under Pressure Since February, Dr Muhammad Yunus, Founder of Bangladesh Microfinance Institution (MFI) Grameen Bank, Resigns as Managing Director

Dr Muhammad Yunus, the founder of Grameen Bank, a nonprofit microcredit organization in Bangladesh, has officially resigned from his post as managing director in accordance with a ruling of the country’s Supreme Court [1].

MICROCAPITAL BRIEF: Bangladesh Supreme Court Dismisses Attempt by Dr Muhammad Yunus to Remain as Managing Director of Microfinance Institution (MFI) Grameen Bank

Bangladesh’s Supreme Court has dismissed Dr Muhammad Yunus’ final bid to overturn the Bangladesh High Court’s ruling upholding the effort of the Bangladesh Bank (BB), the central bank of Bangladesh, to remove Dr Yunus from his position as managing director of Grameen Bank [1] [2] [3].

MICROCAPITAL BRIEF: Bangladesh Probe Clears Dr Yunus of Misappropriation of Norwegian Aid Money

A recent probe by the government of Bangladesh has cleared Dr Muhammad Yunus, founder of Grameen Bank, of misusing Norwegian aid money. The Norwegian government previously cleared Dr Yunus of any allegations of mishandling funds following the release of a Norwegian documentary in 2010 that accused Dr Yunus of diverting approximately USD 96 million of aid money from Grameen Bank to Grameen Kalyan, a sister company of Grameen Bank that offers affordable health insurance to Grameen members.