Economist and Nobel Peace Laureate Muhammad Yunus has become internationally renowned for his revolutionary system of micro-credit (small loans to entrepreneurs too poor to qualify for traditional bank loans) that has helped millions to escape poverty.
Muhammad Yunus, winner of the Nobel Peace Prize, invented the idea for the Grameen Bank. Yunus believes that “small loans can produce big dream” and that “micro finance has that ability to change the world.” Microfinance appears as an effective solution to reduce poverty. It can improve income and establish self sufficient businesses. It can also help with self employment and brings.