Micro-loans

Microfinance Pioneer Muhammad Yunus


March 09, 2011 | Social Finance

Nobel Prize winner Muhammed Yunus began pioneering the idea of microfinance in which country?





Quiz Results
Answer Key #1 India
#2 Bangladesh
#3 Sri Lanka
#4 Pakistan

Correct Answer: # 2



Explanation:
Muhammad Yunus is an economist from Bangladesh who founded the Grameen Bank. The Grameen Bank is a financial institution that provides micro loans to help its clients establish creditworthiness and financial independence. Mr. Yunus and the Grameen Bank won the Nobel Peace Prize in 2006.



Quiz Answer History

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Microfinance Pioneer Muhammad Yunus
By Finance Ocean

Nobel Prize winner Muhammed Yunus began pioneering the idea of microfinance in which country?

Pick an answer:

  1. India
  2. Bangladesh
  3. Sri Lanka
  4. Pakistan


Answer: # 2

Explanation: Muhammad Yunus is an economist from Bangladesh who founded the Grameen Bank. The Grameen Bank is a financial institution that provides micro loans to help its clients establish creditworthiness and financial independence. Mr. Yunus and the Grameen Bank won the Nobel Peace Prize in 2006.

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