Muhammad Yunus (Microfinance)

Muhammad Yunus is a Bangladeshi social entrepreneur who founded the concept of microfinance, which provides small loans to individuals in poverty who lack access to traditional banking. In 1976, he started the Grameen Bank, focusing on empowering women and fostering entrepreneurship by enabling them to start their own businesses. Yunus believes that alleviating poverty is possible through financial inclusion and self-reliance. His innovative approach has inspired similar programs worldwide and earned him the Nobel Peace Prize in 2006, highlighting the potential of microcredit to create sustainable economic development.