Muhammad Yunus, a native of Bangladesh, was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. In 1972, he became head of the economics department at Chittagong University. He is the founder of Grameen Bank and the father of microcredit, an economic movement that has helped lift millions of families around the world out of poverty. He is also the creator of social business. Yunus and Grameen Bank are winners of the 2006 Nobel Peace Prize, and Yunus won the Presidential Medal of Freedom, 2009, and the Congressional Gold Medal, 2013.