The Grameen Bank was founded by Professor Muhammad Yunus in Bangladesh. In 2006 he won a Nobel Peace Prize for this work. The Grameen Bank, known as the 'bank for the poor', reversed conventional banking practice by removing the need for collateral. It created a banking system based on mutual trust, accountability, participation and creativity.… Read More »1977 First loans offered by Grameen Bank

The Grameen Bank was founded by Professor Muhammad Yunus in Bangladesh. In 2006 he won a Nobel Peace Prize for this work. The Grameen Bank, known as the 'bank for the poor', reversed conventional banking practice by removing the need for collateral. It created a banking system based on mutual trust, accountability, participation and creativity.… Read More »1977 First loans offered by Grameen Bank