Muhammad Yunus: The Nobel winner tasked with leading Bangladesh

After former prime minister Sheik Hasina resigned and fled the country after months of unrest, Muhammad Yunus, winner of the Nobel Peace Prize, was chosen to lead Bangladesh’s time state.

A well-known critique of Ms Hasina, Mr Yunus called the day of Ms Hasina’s exit Bangladesh’s” next independence day”.

So what do we hear about the 84-year-old Nobel laureate?

Mr. Yunus was the only child born in Chittagong, a Muslim merchant family, in the southern area of Bangladesh. He left Bangladesh at age 25 to pursue a Foreign fellowship and traveled there for the next 25 years, the same year that Pakistan won its independence from Pakistan in a harsh, bloody conflict.

After winning the economics department at Chittagong University, Mr. Yunus immediately took up his passion for preventing the mid-’70s hunger that had ravaged Bangladesh.

In a 2005 presentation at the Commonwealth Institute in London, he said,” I became interested in the hunger matter not as a policymaker or scientist.” Because hunger was a constant source of my motivation, I became involved.

I wanted to help those around me right away, but I may not turn my head aside from it. ”

Mr. Yunus was a forerunner of the idea of “microcredit,” where people who are too poor to borrow from a traditional banks are given incredibly little loans, frequently enabling them to work independently.

Grameen Bank, the self-declared “pioneer entrepreneurship organization in the world,” was founded in 1983 by Mr. Yunus, who has since grown to more than nine million customers.

In a 2002 discussion with the BBC, he described entrepreneurship as a “need of the people”.

You must have those financial services coming to them because it is absolutely unfair, whatever name you give… to dispute half the population of the world economic services, ” he said.

Even gypsies had been able to borrow money through Mr. Yunus’s system because it was so successful.

According to the site for the Nobel Prize, Mr. Yunus and Grameen Bank were both honored with the Peace Prize in 2006.

However, some experts have criticized the concept of micro-financial institutions, claiming that they charge exorbitant interest rates and engage in aggressive debt collection practices.

However, even Ms. Hasina, the head he is currently expected to succeed him, has withstanded a barrage and disagreement in Bangladesh.

After announcing plans to launch his own” Citizen Power” party in 2007, he attracted the former prime minister’s indignation.

In 2011, Ms. Hasina infamously accused Mr. Yunus of having “sucking body from the poor ” and removed him from Grameen Bank. After signing a joint statement criticizing Uganda’s trial of queer people, he faced a state-backed smear campaign in 2013 that accused him of being anti-Islamic and pro-gay.

Additionally, Mr. Yunus has been accused of embezzling money from one of his company’s employees ‘ benefits finance and of receiving money without the government’s approval.

He was given a six-month prison sentence in January of this year for labor law breaches, which he denied, and he and 13 others were charged with larceny in June. He has since been released on bail, but he is currently facing allegations of graft and labor breaches in more than 100 circumstances.

Mr Yunus has denied all charges, claiming that strikes against him are politically motivated.

However, some of Mr. Yunus ‘ supporters claim that his intense dealings with Ms. Hasina have had a negative impact on his appeal.

A red tile with white text, the same format Mr. Mahmud has used for dozens of statements relating to the protests and their aftermath, was posted on Facebook on Tuesday by Asif Mahmud, a key figure in the Students Against Discrimination ( SAD ) movement.

This one had only five words: “ In Dr Yunus, we believe. ”