Who amongst the following stated the Grameen model of microfinance?
Show answer & explanation
Correct answer: D
Explanation
The Correct answer is option 4 i.e. Prof. Muhammad Yunus.
The Grameen model of microfinance was pioneered by Prof. Muhammad Yunus, a Bangladeshi economist and social entrepreneur. He introduced this model in the 1970s by providing small, collateral-free loans to poor women in rural Bangladesh to help them start small businesses. This initiative led to the founding of the Grameen Bank in 1983. The model focuses on financial inclusion, group lending, and empowering the poor, especially women. For his innovative approach to poverty alleviation, Prof. Yunus was awarded the Nobel Peace Prize in 2006 along with Grameen Bank.