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Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, and a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled nearly US$40 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent. The first economist who had invented the idea of microloans was Jonathan Swift in the 1720s. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founded in Bangladesh in 1983 by their current Chief Adviser Muhammad Yunus. Many traditional banks subsequently introduced microcredit despite initial misgivings. The United Nations declared 2005 the International Year of Microcredit. As of 2012, microcredit is widely used in developing countries and is presented as having "enormous potential as a tool for poverty alleviation."
Muhammad Yunus is a Bangladeshi economist, entrepreneur, politician, and civil society leader, who has been serving as Chief Adviser of the Interim Government of Bangladesh since 8 August 2024. Yunus was awarded the Nobel Peace Prize in 2006 for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. Yunus has received several other national and international honors, including the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010. Yunus is one of only seven people in the world to have received all of these awards.
The University of Chittagong is a public research university located in Hathazari, Chattogram, Bangladesh. It was established on 18 November 1966. It is one of the oldest universities in Bangladesh. Its 2,312.32 acres (935.76 ha) campus is the largest among universities in Bangladesh. It is one of the four autonomous by the act universities of Bangladesh.
Chittagong College is a public educational institution in Chittagong, Bangladesh. It is a higher secondary school and also a degree awarding college of National University, Bangladesh. It is the second higher secondary school in Bangladesh, established in 1869 after the Dhaka College.
Sirajganj District is a district in the North Bengal region of Bangladesh, located in the Rajshahi Division. It is the 25th largest district by area and 9th largest district by population in Bangladesh. It is known as the gateway to North Bengal.
Syed Ali Ahsan was a Bangladeshi poet, writer and university academic. He was awarded Ekushey Padak (1982) and Independence Day Award (1987) by the Government of Bangladesh. In 1987, he was selected as the National Professor of Bangladesh. He was credited as the official English translator of the National Anthem of Bangladesh.
Sajeeb Ahmed Wazed also known as Sajeeb Wazed Joy is a Bangladeshi businessman and politician. He is a member of the Bangladesh Awami League and served as an advisor to his mother, former Prime Minister Sheikh Hasina, on information and communication technology affairs.
Nalchity is an upazila of Jhalokati District in the division of Barisal, Bangladesh.
Hathazari is an upazila of Chattogram District in Chattogram Division, Bangladesh.
British Bangladeshi Power & Inspiration 100 is an annual publication listing the 100 leading British Bangladeshi figures. It was established in 2012 and also holds an annual launch ceremony in London, England.
Alauddin Ali was a Bangladeshi music composer. He won the Bangladesh National Film Award for Best Music Director eight times for the films Golapi Ekhon Traine (1978), Sundori (1979), Koshai (1980), Jogajog (1988) and Lakhe Ekta (1990). He won the Best Music Composer award for the film Laal Doriya (2002) and the Best Lyrics award for Premik (1985). Moreover, he won the Ifad Film Club Award and the Bachsas Award in the category of Best Music Director. He directed music for more than 300 films.
Wahiduddin Mahmud is an economist from Bangladesh. He has been serving as an adviser of the interim government of Bangladesh since 16 August 2024. He is a member of the United Nations Committee for Development Policy. He was in charge of the Ministry of Finance and Planning in the caretaker government of Bangladesh in 1996.
Shia Muslims are a minority in Bangladesh, with roughly 2% of the population being Shia. Many Bangladeshi Shi'a Muslims belong to the Bihari community. Even though there are only small numbers of Shi'as, the observance commemorating the martyrdom of Ali's sons, Hasan and Husayn, are still widely observed by the nation's Sunni community; highlighting the historical influence that the Shi'ites had in Bengal.
Moḥammad Abū Bakr Ṣiddīque was a Bengali Islamic scholar and the inaugural Pir of Furfura Sharif in West Bengal. He is regarded by his followers, who are scattered across eastern India and Bangladesh, as a mujaddid (reviver) of Islam in the region, due to his significant contributions in religious propagation via the establishment of mosques and madrasas, publication of newspapers and education development in neglected areas. He was the founding president of the sociopolitical Anjuman-i-Wazin-i-Bangla organisation, which advocated for causes such as the Khilafat Movement and Pakistan Movement. Siddique died in 1943, and his shrine is greatly venerated as one of West Bengal's most prominent Sufi centres.
Md. Habibul Gani is a judge on the High Court Division of Bangladesh Supreme Court.
Syed Shahed Reza is the general secretary of the Bangladesh Olympic Association and former ambassador of Bangladesh to Kuwait and Yemen. He is a former president of Dhaka Club.
An interim government led by Muhammad Yunus was formed on 8 August 2024 in Bangladesh, following the resignation and fleeing of Prime Minister Sheikh Hasina on 5 August 2024 amid nationwide student and public protests against the government. Following the dissolution of the 12th Jatiya Sangsad on 6 August 2024, the interim cabinet will remain in office until a new Prime Minister is appointed after a snap general election. The government, like the previous non-caretaker government interim administrations, is extra-constitutional. However, the Appellate Division of the Supreme Court of Bangladesh affirmed the legality of the stopgap government on 9 August 2024, citing the urgent need to manage state affairs and address the constitutional vacuum, similar to previous cases. The main pledge of his ministry is organize a constituent assembly to draft and adopt a new, democratic and inclusive constitution, ensuring the inviolability of human dignity.
The leadership of Muhammad Yunus began on 8 August 2024 when he was sworn in as the Chief Adviser of Bangladesh by President Mohammed Shahabuddin. In August 2024, after the resignation of Sheikh Hasina as prime minister and her departure to India following the Student–People's uprising, the key coordinators of the uprising announced that Yunus would be Chief Adviser of the interim government. The main pledge of this government is organise a constituent assembly to draft and adopt a new, inclusive, democratic constitution, ensuring the inviolability of human dignity.
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