Question
Download Solution PDFSelect the correct match in the context of microfinance.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Muhammad Yunus - Grameen Bank.
Key Points
- Muhammad Yunus, an economist from Bangladesh, founded the Grameen Bank, an institution focused on providing the poor with access to credit without the need of collateral - popularly known as 'Microcredit'.
- The initiative started in Bangladesh and has since been replicated in several countries worldwide.
- For this innovative approach to alleviating poverty, Muhammad Yunus along with Grameen Bank were awarded the Nobel Peace Prize in 2006.
Last updated on Jun 30, 2025
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