Muhammad Yunus founded the Grameen Bank in Bangladesh in 1983 to provide microloans to the poor, especially women. He pioneered the concept of microcredit by giving small, collateral-free loans to impoverished borrowers who were then able to lift themselves out of poverty. By 2007, the bank had loaned over $6 million to around 7 million people in Bangladesh, though it faced challenges from defaulters and radical groups opposed to its work. Yunus won the Nobel Peace Prize in 2006 for his efforts in reducing global poverty through microcredit.

1. MR MUHAMMAD YUNUS

2. Bangladeshi banker and social entreprenneur.
Economist and a civil society leader.
He founded the Grameen Bank for the poor in
Jobra in 1983
He was awarded the Nobel Peace Prize in the
year 2006
Won several other awards such as the
Congressional Gold Medal.

3. Mr Muhammad Yunus saw the poor in the area of
Jobra in India and he felt sad and sympathy for
them in 1976. He got loans from Janata bank to
lend the money to the poor in Jobra. From doing
this, he later on set up the Grameen Bank, which
is a full pledged back dedicated to the poor in
India.

4. This Bank lent money without collateral, at very
small amounts and at comparatively low
interest rates almost exclusively to poor
women. Why women? Grameen discovered
that women are more reliable in paying back
and that they use the loans more wisely than
men. They impacted the men and women such
that they use the money the loaned to make a
business and to earn money, eventually paying
back. This helped the poor have a brighter
future.

5. This bank became a full-pledged bank in 1983
In the year 2007, it was estimated that the bank
had loaned out an approximated amount of
US$6 million to around 7 million people in
India.
The bank faced many people who did not
return money, thus losing money and they
faced violent radical leftists and many others
who disliked what the bank was doing.

6. Sources:
Wikipedia.org
Huffingtonpost.com
Grameen-info.org
Grameencreativelab.com
Done By:
Cpl Ezra John Ngi
Cpl Samuel Eng
Cpl Noel Wee
Cpl Joshua Quah