What entrepreneurial ideas lead Muhammad Yunus to launch Grameen Bank?
What entrepreneurial ideas lead Muhammad Yunus to launch Grameen Bank?
In 1977 Dr. Muhammad Yunus launched Grameen Bank in Bangladesh, implementing an innovative strategy to provide very small loans for extremely low-income rural villagers. Within ten years the successful bank was owned by its borrowers and Yunus's concepts helped to launch the global microfinance movement now providing funds to nearly 100 million borrowers world-wide and making considerable progress reducing the cycle of poverty.