Who is the founder of modern micro finance ?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Muhammad Yunus.
Muhammad Yunus is widely regarded as the founder of modern microfinance. He introduced the concept in the 1970s while working in Bangladesh, where he provided small loans to impoverished individuals to help them start small businesses and improve their livelihoods. Yunus established the Grameen Bank in 1983, which focused on lending to women, promoting entrepreneurship, and empowering the marginalized. His innovative approach demonstrated that providing financial services to the poor could foster economic development and alleviate poverty. For his groundbreaking work, Yunus was awarded the Nobel Peace Prize in 2006, highlighting the global impact of microfinance.