Muhammad Yunus (Economist)

Muhammad Yunus is a Bangladeshi economist and social entrepreneur known for founding the Grameen Bank in 1983. He pioneered the concept of microcredit, which provides small loans to impoverished individuals, particularly women, to start their businesses and improve their livelihoods. His innovative approach aims to alleviate poverty by empowering people economically. In 2006, Yunus and Grameen Bank were awarded the Nobel Peace Prize for their efforts in promoting economic and social development through microfinance. He has become a leading voice in discussions on social business and the role of entrepreneurship in addressing global poverty.