Muhammad Yunus, Nobel Peace Prize Winner Muhammad Yunus, often called "the world's banker to the poor" received the Nobel Peace Prize in 2006 for his pioneering work against poverty/Yunus said he would use the $1.35 million prize money to "find more innovative ways" to help the poor. Yunus founded the Grameen Bank in 1976 with just $27 from his own pocket. The idea 5 came to him while he was teaching economics at Chittagong University in southern Bangladesh, which is one of the poorest nations in the world,