Grameen Bank provides microloans to impoverished individuals, especially women, in rural Bangladesh without requiring collateral. Founded by Muhammad Yunus in 1976, it pioneered the concept of providing credit based on mutual trust between borrowers. With over 8 million borrowers served through more than 2,500 branches, studies show Grameen Bank has significantly reduced poverty levels among its members over time through access to financial resources. It has also inspired similar microlending models globally to help the poor.