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