“Soon we saw that money going to women brought much more benefit to the family than money going to the men. So we changed our policy and gave a high priority to women. As a result, now 96% of our four million borrowers in Grameen Bank are women.”

Bangladeshi economist and statesman

Muhammad Yunus is a Bangladeshi economist and statesman. He pioneered the modern concept of microcredit and microfinance, and won the Nobel Peace Prize in 2006. He is also the founder of Grameen Bank and the first Bangladeshi to receive the award. Yunus became widely known for promoting small loans as a tool for reducing poverty and expanding opportunity. His public life has since moved between economics and state service, and after the July Uprising he was appointed as Bangladesh’s fifth chief adviser, leading the interim government from 2024 to 2026.