Mohammad Yunus founded Grameen Bank in 1983 to provide microloans to poverty-stricken individuals in Bangladesh. Through field work in villages, he discovered that many workers were trapped in cycles of poverty and debt due to inability to access credit. He began lending small amounts to individuals and saw success, which led to the development of microcredit and microloans as an anti-poverty strategy. Grameen Bank has since grown tremendously, with over 8 million borrowers served across Bangladesh. It boasts repayment rates over 97%, allowing millions to work their way out of poverty through access to financial resources and credit. Yunus' visionary work earned him the Nobel Peace Prize and inspired micro