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In October of 1983, Muhammad Yunus founded the Grameen Financial institution and pioneered the microfinance and microcredit motion. Grameen Financial institution served the impoverished inhabitants in Bangladesh by offering small loans to small companies. The microfinance model was hailed a hit and Yunus, together with Grameen Bank, obtained the Nobel Peace Prize in 2006 for his work in lowering poverty and stimulating economic growth. Since then, the microfinance mannequin change into a widely standard answer to stimulating growth in creating countries and has been applied in tons of of developing nations and even in some developed nations.

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This yr has been particularly worrying, because the COVID-19 pandemic induced job loss, political uncertainty, well being issues, and elevated debt for hundreds of thousands of Individuals. You may need seen a few of your worst financial fears played out on a nationwide stage. How would you handle this situation should you needed to do it over once more?