Muhammad Yunus (Microfinance Pioneer)

Muhammad Yunus is a Bangladeshi social entrepreneur and economist best known for founding the Grameen Bank in 1983. He pioneered the concept of microfinance, which provides small loans to people in poverty to help them start businesses and become self-sufficient. Yunus believed that access to credit could empower the poor, especially women, reducing poverty and promoting economic development. His innovative approach earned him the Nobel Peace Prize in 2006, recognizing his efforts to create social and economic change through financial inclusion. Yunus's work has inspired similar initiatives worldwide, revolutionizing how we think about banking and poverty alleviation.