[315]

After the resignation of Prime Minister Sheikh Hasina, Muhammad Yunus was nominated to serve as the head of the interim government of Bangladesh.
Yunus is a Nobel Peace Prize awardee known for pioneering the concepts of microfinance through a bank that he founded.
Identify the bank.

Show Answer
Grameen Bank
The bank focuses on giving small loans to the poor with no collateral. Over 95% of the loans go to women or groups of women & has only 2% default rate (which is very low).
Read why the concept won a Nobel Prize in 2006.