- Grameen Bank was founded in Bangladesh in 1976 by Muhammad Yunus to provide small, collateral-free loans known as "microcredit" to impoverished individuals, especially women. - Using a group lending model where borrowers belong to five-member solidarity groups, Grameen Bank pioneered microcredit to promote self-employment and poverty alleviation among Bangladesh's poor. - In 2006, Grameen Bank and Muhammad Yunus received the Nobel Peace Prize for their efforts to create economic and social development through providing microcredit. Grameen Bank now has over 7 million borrowers, mostly women.

1. Prepared by: Catherine Anne I. Villanueva MM-Program

14. End of Presentation Thank You!