Economist Muhammad Yunus played a crucial role in transforming Bangladesh into a garment industry powerhouse. In 1983, Yunus established the Grameen Bank, which provides small loans to impoverished individuals. His microcredit system gained global acclaim through the Grameen Bank, significantly improving the lives of many in Bangladesh. This innovative approach empowered countless people to elevate their standard of living, contributing to broader economic development. Yunus’s pioneering work in microfinance has not only impacted Bangladesh but has also influenced financial systems worldwide, showcasing the potential of small-scale loans in fostering economic growth and reducing poverty. To know the full story watch the video till the end.
