” DEEP IN OUR HEARTS, WE all recognize that the old dreams of the economic theorists have been exposed as fairy tales. The existing capitalist engine is producing more damage than solutions. It needs to be redesigned, piece by piece — or replaced by an entirely new engine.”— Nobel Peace Laureate, Dr Muhammad Yunus
Dr. Yunus inspired the birth of YGB fourteen years ago with his philosophy and microcredit revolution. Today, we are funding nearly 550 mothers in India with our micro loan program. Our Sister Aid program continues to grow every year thanks to your support.
Nobel Laureate Professor Muhammad Yunus is the father of both social business and microcredit, the founder of Grameen Bank, and of more than 50 other companies in Bangladesh. For his constant innovation and enterprise, Fortune Magazine named Professor Yunus in March 2012 as “one of the greatest entrepreneurs of our time.” He has appeared on the cover of Time, Newsweek and Forbes Magazine.
Today, Grameen Bank lends out over $2.5 billion a year to 9 million poor women on the basis of trust only, no collateral with a repayment of over 98%.
The impact of microcredit in enabling millions of people to lift themselves out of poverty helped to expose the shortcomings of a traditional banking system that denied its services to those who needed them most—the world’s poorest people.
In 2006, Professor Yunus and Grameen Bank were jointly awarded the Nobel Peace Prize. He is the recipient of 61 honorary degrees from universities across 24 countries. He has received 136 awards from 33 countries including state honors from 10 countries. He is one of only seven individuals to have received the Nobel Peace Prize, the United States Presidential Medal of Freedom, and the United States Congressional Gold Medal.
Dr. Yunus has expanded his micro credit to a much broader concept as Social Business, a selfless business whose purpose is to bring and end to a social problem.
” The redesigned economic engine has three basic elements. First, we need to embrace the concept of social business—a new form of enterprise based on the human virtue of selflessness. Second, we need to replace the assumption that human beings are job seekers with the new assumption that human beings are entrepreneurs. Third, we need to redesign the entire financial system to make it work efficiently for the people at the bottom of economic ladder. “
Learn more about Dr. Yunus and the Yunus Center https://www.muhammadyunus.org/
We are honored to present Dr. Yunus with our Namaste Award 2021 at the Annual Gala, 7p.m. PDT, Saturday, November 13th, 2021. Join us for a thought-provoking session with Q&A.
Yoga Gives Back’s Annual Global Gala is an exciting opportunity for our global community to come together to give back to India with a full day of inspiring programs. The event will be held virtually on November 13th featuring esteemed YGB ambassadors, teachers and artists including Kino MacGregor, Elena Brower, Belinda Carlisle, David Swenson, C.C. White Soul Kirtan, Krishna Das, Nina Rao, Harmony Slater, Nadine McNeil, Anouk Prop, and many more!
Our goal is to raise $50,000! Donations and sponsorships will empower over 2400 women and children in India with education, micro-loans, and the opportunity to escape the cycle of poverty and achieve their goals!
SPONSORSHIP OPPORTUNITIES ARE NOW AVAILABLE: Click here to learn more about becoming a sponsor or donating an auction item!
