UKM Confers Honorary Doctorate In Social Business On Bangladesh Chief Adviser
KUALA LUMPUR, Aug 13 (Bernama) -- Chief Adviser to the Government of Bangladesh Prof Dr Muhammad Yunus has been conferred an Honorary Doctorate of Philosophy in Social Business by Universiti Kebangsaan Malaysia (UKM) at a special convocation ceremony today.
Yunus, who is on a three-day official visit to Malaysia, received the doctorate from UKM Chancellor, Yang di-Pertuan Besar of Negeri Sembilan Tuanku Muhriz Tuanku Munawir at Auditorium Hospital Tunku Ampuan Besar Tuanku Aishah Rohani, UKM Specialist Children's Hospital.
"In recognition of your remarkable achievements in reducing poverty and transforming countless lives in the People's Republic of Bangladesh, it is my great pleasure, on behalf of UKM, to present you the Honorary Doctorate in Social Business," Tuanku Muhriz said in his brief royal decree.
Also present were Tunku Ampuan Besar of Negeri Sembilan Tuanku Aishah Rohani Tengku Besar Mahmud, Higher Education Minister Datuk Seri Dr Zambry Abd Kadir and the Prime Minister's wife Datuk Seri Dr Wan Azizah Wan Ismail.
Delivering his public lecture after receiving the doctorate, Yunus said the award was more than a personal honour, as he viewed it as recognition of the strength, courage and determination of the people of Bangladesh, especially the millions of young and women entrepreneurs.
'This recognition reminds me of my responsibility to work for the dreams of our young people. We have seen time and again that when the most disadvantaged people, especially women, receive small financial support and basic training, they bring lasting change to their communities.
'From working as an economist to founding Grameen Bank, one belief has always guided me: people are not poor because they lack talent or dreams, but because the system never gave them a fair chance.
'Our financial system serves the rich, not the poor. So I created a way for even the poorest to get small loans, start businesses, and change their lives,' said Yunus.
The social entrepreneur, economist and Nobel Peace Prize laureate is best known for pioneering microcredit and microfinance, which provide small loans to impoverished individuals without requiring collateral, enabling them to start small businesses and break the cycle of poverty.
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