Muhammad Yunus

Muhammad Yunus is a Bangladeshi social entrepreneur and economist, best known for founding the Grameen Bank in 1983. He pioneered the concept of microcredit, which provides small loans to impoverished individuals, especially women, to help them start small businesses and improve their livelihoods. Yunus's work aims to alleviate poverty by empowering people financially. In 2006, he and Grameen Bank were awarded the Nobel Peace Prize for their efforts to promote economic and social development from below. His innovative approach has inspired microfinance initiatives worldwide, demonstrating that even small amounts of capital can lead to significant social change.