Muhammad Yunus is a Bangladeshi social entrepreneur and economist, best known for founding the Grameen Bank. He pioneered the concept of microcredit, which provides small loans to people in poverty without requiring collateral. His innovative approach has helped millions of individuals, especially women, start their own businesses and improve their living conditions. In 2006, Yunus and the Grameen Bank were awarded the Nobel Peace Prize for their efforts to alleviate poverty through economic empowerment. His work has inspired similar initiatives worldwide, demonstrating that financial support can lead to significant social change and uplift entire communities.