APRENDIZ: YICELA CAICEDO SÁNCHEZ

MÓDULO: 3

Crónica GAI1-240202501-AA4-EV01.

INSTRUCTOR: MARCO ANTONIO TORRES MERCADO

TÉCNICA DE SERVICIOS Y OPERACIONES MICROFINANCIERA

SERVICIO NACIONAL DE APRENDIZAJE SENA

2024
Muhammad Yunus: A Pioneer of Microfinance

In the world of microfinance, the figure of Muhammad Yunus stands as a beacon of

hope and inspiration. His innovative vision and commitment to the economic
empowerment of the most vulnerable communities have made him a global icon.

Professional Background:

Born in Bangladesh in 1940, Yunus studied economics and earned his Ph.D. from
Vanderbilt University. After a successful career as a university professor, in the
1970s he experienced firsthand the extreme poverty that plagued his country.

Motivated by the need to generate tangible change, Yunus founded the Grameen
Bank in 1976. This non-profit financial institution provided microloans to low-
income people, mainly women, so that they could start or strengthen their small
businesses.

Yunus's initiative had a transformative impact on Bangladesh. Millions of people

lifted themselves out of poverty thanks to access to credit and financial training.
The success of the Grameen Bank inspired the creation of similar institutions
around the world, consolidating microfinance as a powerful tool for economic and
social development.

Significant Contributions

Muhammad Yunus's legacy extends beyond microfinance. He is a tireless

advocate for social justice and environmental sustainability. He has written
numerous books and articles on economics and development, and has received
numerous international awards, including the Nobel Peace Prize in 2006.