Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1097 Mon. July 02, 2007  
   
Front Page


Yunus among 30 greatest entrepreneurs


Nobel laureate Professor Muhammad Yunus has been named as one of the 30 greatest business entrepreneurs of all time by the BusinessWeek magazine of the US, for his contribution to economy and market.

BusinessWeek in its June 27 issue wrote that Yunus, the winner of 2006 Nobel Peace Prize, founded a banking system 30 years ago to lend small amounts of money to the rural poor in Bangladeshi villages.

"Most of the low-interest micro-loans go to women, who use them to start their own profit-making enterprises, mainly in agriculture, crafts, or services."

Grameen Bank now has 2,422 branches, employs more than 20,000 people, and has given loans of more than $6 billion since its founding. Borrowers own most of the equity in the bank. The company has been profitable in all but three years since it was founded, it said.

The other persons bracketed with Prof Yunus are Zheng He (1371-1433), Benjamin Franklin (1706- 1790), Mayer Amschel Rothschild (1744-1812), John Jacob Astor (1763- 1848), John D. Rockefeller (1839-1937), Thomas Edison (1847-1931), Milton Hershey (1857-1945), W.K. Kellogg (1860-1951), Joseph Horn (1861-1941) and Frank Hardart (1850-1918), Henry Ford (1863-1947), Ray Kroc (1902-1984), Madam CJ Walker (1867-1919), Estée Lauder (1907-2004), Ernest Gallo (1909-2007), Thomas Watson Sr. (1874-1956), Thomas Watson Jr. (1914-1993), Sam Walton (1918-1992), Earl Graves (1935), Andy Grove (1936), Ralph Lauren (1939), Martha Stewart (1941), Azim Premji (1945), Richard Branson (1950), Oprah Winfrey (1954), Steve Jobs (1955), Bill Gates (1955), Jeff Bezos (1964), Michael Dell (1965) and Pierre Omidyar (1967).