Muhammad Yunus and the Grameen Bank were awarded the Nobel Peace Prize for their efforts to create economic and social development from below. Yunus pioneered the concept of microcredit, providing small loans to the poor without requiring collateral, empowering millions of people, especially women, to lift themselves out of poverty.
Prize List
Nobel Prize YEAR 2006 - Muhammad Yunus
Curated award and prize reference list.
VARIANT_MARKER_field
VARIANT_MARKER_field
VARIANT_MARKER_field
VARIANT_MARKER_field
VARIANT_MARKER_field