Grameen Bank: Microcredit Pioneer Owned by Its Borrowers
Grameen Bank lends small, collateral-free loans to 10.8 million members — 96.7 percent of them women — who together own 90 percent of the bank itself.
Microcredit
Muhammad Yunus: Founder of Grameen Bank and Nobel Peace Laureate
Muhammad Yunus (born 1940), Bangladeshi economist and founder of Grameen Bank, pioneered microcredit and shared the 2006 Nobel Peace Prize with the bank.
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