Grameen Bank is a microfinance organization founded in Bangladesh by Muhammad Yunus in 1983. Its main goal is to provide small loans to poor individuals, especially women, who lack access to traditional banking services. By offering these loans without requiring collateral, the bank empowers people to start their own businesses and improve their living conditions.
The success of Grameen Bank has inspired similar initiatives worldwide, promoting financial inclusion and entrepreneurship. The bank's unique model focuses on community support and group lending, where borrowers form small groups to encourage repayment and mutual assistance. This approach has helped millions escape poverty and achieve financial independence.