Identify the correct match in the context of microfinance.
Show answer & explanation
Correct answer: C
Explanation
The Correct Answer is option 3 i.e. Muhammad Yunus – Grameen Bank – Bangladesh.
Muhammad Yunus, a Bangladeshi economist and social entrepreneur, is the founder of Grameen Bank, a pioneering institution in the field of microfinance and microcredit. Established in Bangladesh, Grameen Bank provides small loans to the poor—especially women—without requiring collateral. This innovative model empowers low-income individuals to start or expand small businesses, thereby promoting financial inclusion and poverty alleviation. For his revolutionary work, Yunus and Grameen Bank jointly received the Nobel Peace Prize in 2006. His model has since inspired microfinance initiatives across the globe, becoming a cornerstone of development economics.
Other options :
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Muhammad Yunus – Pakistan: Incorrect country; Yunus is from Bangladesh.
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Muhammad Yasir – Grameen Bank: No known association of Yasir with Grameen Bank.
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Muhammad Yasir – Pakistan: Incorrect person and country; unrelated to Grameen Bank.