Muhammad Yunus was born in 1940 in Bangladesh. Spent his childhood in Bathua, the village he was born, Muhammad Yunus graduated from Dhaka University Economics Department in 1960 and received a masters degree from the same university a year after. After completing his doctorate studies in Vanderbilt University, US, Muhammad Yunus started giving lectures on economics at Middle Tennessee State University. Supported the Bangladesh Liberation War of 1971 with other Bangladesh citizens living in United States, Muhammad Yunus returned home after the war and served in the Planning Committee of the Government of Bangladesh for a while. After his resignation, Yunus became the head of Economics department in Chittagong University. During a visit to poor village of Jobra near Chittagong University, Yunus discovered that small amounts of loans could make huge differences in the life of a poor household. After giving a low amount of loan to the poor household from his own pocket, Muhammad Yunus tried to institutionalize this approach, also known as “microfinance and microcredit”. His efforts resulted with the foundation of Grameen Bank in 1976. Received its independent identity in 1982, Grameen Bank help the development of poor areas by providing microcredits to people and both the Bank and Yunus received the Nobel Peace Prize in 2006 with their efforts. The vision of Muhammad Yunus is based on ending the poverty in the world completely. The World Bank recently declared that the efforts of Yunus saved millions from poverty.