Question

In which one of the following years was the Bangladesh Grameen Bank established?

• A. 1960
• B. 1980
• C. 1976
• D. 1950

Hint:

The Grameen Bank's microcredit model has empowered millions of people, especially women, by providing them with financial independence and helping them break the cycle of poverty.

Answer 1

The Correct Option is C

The Bangladesh Grameen Bank was founded by Professor Muhammad Yunus in 1976 in Bangladesh . It is renowned for its pioneering work in microfinance , providing small loans to impoverished individuals, particularly women, who do not have access to traditional banking services. The Grameen Bank's model of microcredit has been replicated around the world as an effective method for alleviating poverty and fostering self-sufficiency among the poor.
- The bank was established in 1976 , with the objective of helping people in rural areas start small businesses and improve their livelihoods.
- It became internationally recognized, and Professor Yunus was awarded the Nobel Peace Prize in 2006 for his efforts to create economic and social development from below.