The professor and innovator has inspired many people, and influenced the lives of millions; these Muhammad Yunus features explore some of the innovations he's contributed to creating, as well as the many social entrepreneurs who have drawn on his legacy to create an impact in their own communities.
Yunus won the Nobel Peace Prize in 2006 for creating the Grameen Bank in Bangladesh almost two decades earlier. The Grameen Bank is a microfinance institution which allows small-scale entrepreneurs to be lent money in order to further their own businesses. Microlending as a form of poverty eradication has become a success story in many respects, and the model has been replicated in countless forms as indicated by these Muhammad Yunus features. At the same time, the failures of microfinance are also being presented loud and clear. especially in recent years.
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