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Published By Katherine Rodota on April 17, 2013
Nobel Laureate Professor Muhammad Yunus, the founder of Grameen Bank, will receive the US Congressional Gold Medal award today, Wednesday April 17th. Professor Yunus will become only the seventh person in history to receive the Nobel Peace Prize, the Presidential Medal of Freedom, and the Congressional Gold Medal. Congress will present Professor Yunus with the Gold Medal to honor his pioneering microfinance work. Earlier, the House of Representatives voted unanimously to award Professor Yunus with the medal. The Congressional Gold Medal, along with the Presidential Medal of Freedom and the Presidential Citizens Medal award are the highest civilian awards in the US.
In 1983, Professor Yunus founded the Grameen Bank in Bangladesh to provide small loans to mostly very poor women living in rural areas. He developed an innovative way to help millions of poor people access safe financial services and lift themselves out of poverty. Congratulations Professor Yunus and keep up the good work!