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Posted on Thursday, Nov. 14, 2013 — 9:08 AM
Muhammad Yunus, Phd‘71, and the 1996 Vanderbilt Distinguished Alumnus, was an inspiring keynote speaker during the fifth annual Global Social Business Summit. After Vanderbilt, Yunus began his active work to fight poverty in Bangladesh by issuing microcredit loans to the poor, eventually creating the Grameen Bank. Yunus and the bank were awarded the Nobel Peace Prize in 2006 for the work in alleviating poverty. He is using that experience to develop and advance the concept of social business, in which businesses follow models that seeks to address social problems through affordable products and services rather than maximizing profits.
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