Microfinance Quiz

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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