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Muhammad Yunus at UBC March 14

1 March 2008 at 03:15 | 1107 views

“I congratulate Vancity in Canada for providing access to microcredit loans for low income entrepreneurs and new Canadians who have challenges with access to financial services. The Vancity Microcredit Toolkit will help expand microcredit in North America and allow organizations to use microcredit to empower their clients, create livelihoods and alleviate poverty from below” - Mohammed Yunus Nobel Prize Winner

Vancity is proud to announce that Professor Muhammad Yunus, recipient of the Nobel Peace Price in 2006, will be visiting the University of British Columbia on March 14th 2008

Professor Muhammad Yunus will receive an honorary doctor of laws and hold a public lecture at the Chan Centre for Performing Arts. Dr. Muhammad Yunus is a world renowned economist praised for building the field of “micro-credit,” which has created financial independence for thousands of people in the world’s poorest countries.

For more information on how to obtain tickets, please visit The lecture will start @ 8pm, doors open at 7pm.

Vancity has been providing Microcredit loans for the past 10 years. Their programs provide opportunities for entrepreneurs to launch and expand their small business ideas. For more information on how Vancity programs can help you, please visit or email

Muhammad Yunus, born May 22, 1940, is a Bangladeshi banker and economist. He previously was a professor of economics and is famous for his successful application of microcredit; the extension of small loans.

These loans are given to entrepreneurs too poor to qualify for traditional bank loans. Yunus is also the founder of Grameen Bank. In 2006, Yunus and the bank were jointly awarded the Nobel Peace Prize, "for their efforts to create economic and social development from below."

Yunus himself has received several other national and international honours. He is the author of Banker to the Poor and a founding board member of Grameen Foundation. In early 2007 Yunus showed interest in launching a political party in Bangladesh named Nagorik Shakti (Citizen Power), but later discarded the plan. He is one of the founding members of Global Elders.

Photo: Professor Muhammad Yunus.