Who among the following is a Nobel Prize winner, also known as the Father of Microfinance Systems?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3, i.e. Muhammad Yunus.
Muhammad Yunus, a Nobel Prize winner, is widely regarded as the Father of Microfinance Systems. In 2006, he was awarded the Nobel Peace Prize for his pioneering work in developing microcredit and microfinance, which provide small loans to impoverished individuals, primarily women, to help them start or expand small businesses. Yunus founded the Grameen Bank in Bangladesh, which has helped millions escape poverty. His innovative approach to financial inclusion has had a transformative impact on global poverty reduction.