Muhammad Yunus (Grameen Bank)

Muhammad Yunus is a Bangladeshi social entrepreneur known for founding the Grameen Bank in 1983, which pioneered the concept of microfinance. The bank provides small loans to impoverished individuals, primarily women, to help them start small businesses and improve their livelihoods. Yunus’s approach empowers communities by enabling self-sufficiency without requiring collateral. His work has received global recognition, including the Nobel Peace Prize in 2006, for promoting economic and social development through innovative financial solutions. Yunus's model has inspired similar initiatives worldwide, demonstrating how access to credit can uplift the poor and foster economic growth.