Mohammad Yunus is the founder of the Grameen Bank. He developed the concept of microcredit for which he was awarded the Nobel Peace Prize in 2006. His efforts focus on creating economic and social development, helping the impoverished escape poverty by providing loans on terms suitable to them, and teaching them sound financial principles. Yunus’ work has been recognised by many international organisations, including the King Hussein Foundation, Jordan, and UNESCO. In 2012, he was named the Chancellor of Glasgow Caledonian University, Scotland. In 2016, United Nations Secretary General Ban Ki-moon appointed him to the High-Level Commission on Health Employment and Economic Growth, which was co-chaired by presidents François Hollande of France and Jacob Zuma of South Africa.