On this day, 85 years ago, June 28, 1940 (May 23, 1940 in the lunar calendar), Yunus, the father of microfinance and Nobel Peace Prize winner, was born. Mohammed Yunus (born June 28, 1940): Bangladeshi economist, founder of Grameen Bank (also translated as Grameen Bank), known as the "banker of the poor". Mohammed Yunus created and developed a "micro-loan" service specifically for entrepreneurs who are unable to obtain traditional bank loans due to poverty. In 2006, he and Grameen Bank jointly won the Nobel Peace Prize "in recognition of their efforts to promote economic and social development from the bottom of society." He has won more than 60 honors in total, such as the 1978 Bangladesh Presidential Award, the 1985 Bangladesh Bank Award, the 1994 World Food Award, the 1998 Sydney Peace Award, and the 2004 Social and Economic Innovation Award awarded by The Economist. In 1940, he was born in a wealthy Muslim family in Chittagong, Bangladesh. He graduated from Dhaka University with a bachelor's and master's degrees in economics. After graduation, he taught at Chittagong University. In 1966, he received a Fulbright Scholarship to study in the United States. In 1969, he received a doctor's degree in economics from Vanderbilt University. 1969-1972 He taught economics at Middle Tennessee State University. In 1972, Yunus returned to Bangladesh shortly after independence and became head of the Department of Economics at Chittagong University. In 1974, Bangladesh experienced a severe famine, and he began to look for solutions to hunger and poverty, experimenting with high-yield farming in villages. In 1976, during a rural survey, he lent $27 to 42 poor villagers to pay for the meager cost they used to make bamboo benches and avoid exploitation by usury. In 1979, he founded the Grameen (meaning "rural") branch within the state-owned commercial banking system and began to provide microfinance services to poor Bangladeshi women. On October 2, 1983, Grameen Bank was officially independent. Its way of issuing loans to the poor was independent and was called the "Grameen Model." In 1998, Grameen Bank was in danger of being affected by floods in Bangladesh. From 2001 to 2004, Grameen Bank completed its transformation from a "classic model" to a "Grameen II". He and his own founder Grameen Bank (meaning "Rural Bank") won the 2006 Nobel Peace Prize for their efforts to "promote economic and social development from the bottom of society." When Yunus founded Grameen Bank, he just wanted to help poor people in Bangladesh obtain the necessary capital; at the time, he did not expect that he would be driven by the times and created a modern model of microfinance. This is also evaluated by the world as an extraordinary achievement today. On January 14, 2004, Yunus (left) accompanied Queen Sophia of Spain (third from left) to visit a Bangladeshi farmer assisted by Grameen Bank. On April 22, 2005, Mohammed Yunus delivered a speech in Santiago, Chile. On April 30, the cover story of our newspaper's "Earth Weekly" provided a comprehensive report on the deeds of Yunus and the Bangladesh Rural Bank he founded.