Muhammad Yunus (Nobel laureate)

Muhammad Yunus is a Bangladeshi social entrepreneur and economist, best known for founding the Grameen Bank in 1983, which pioneered the concept of microcredit. This bank provides small loans to low-income individuals without requiring collateral, enabling them to start their own businesses and improve their livelihoods. In 2006, Yunus and the Grameen Bank were awarded the Nobel Peace Prize for their efforts to combat poverty and promote economic and social development. His work has inspired similar initiatives worldwide, demonstrating the power of entrepreneurship in addressing social issues.