Quinnipiac University presented its Albert Schweitzer Humanitarian Award to Muhammad Yunus, who founded the practice of microcredit as a means to combat global poverty before his March 6 lecture at the university. Yunus, who was awarded Quinnipiac's most prestigious humanitarian award, also accepted an invitation to join the Albert Schweitzer Institute's honorary board.
"Dr. Yunus has demonstrated a life-long commitment to finding creative solutions to some of life's most challenging problems," said Mark Thompson, senior vice president for academic and student affairs.
"Dr. Yunus has made significant contributions in the area of international business. In addition to microloans, his innovative idea of social business has also attracted a lot of attention in international forums, including the World Economic Forum in Davos," said Mohammad Elahee, professor and chair of international business in the School of Business. "Many global firms, especially those based in Europe, are now setting up social businesses. For example, Danone has set up a yogurt factory in Bangladesh to provide nutrient fortified yogurt for malnourished children in Bangladesh. The concepts of microloans and social business have no boundary."