[[1]] is the founder of the Grameen Bank of Bangladesh.

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Detailed Solution

Professor Mohammad Yunus is the founder of the Grameen Bank of Bangladesh. It has been a great success in eradicating poverty in the country. It provides credit to rural households at a reasonable interest rate. Due to this, people are now less dependent on the informal credit sector, which charges a high-interest rate on loans. Most borrowers from the Grameen Bank of Bangladesh are women belonging to the weaker section of society. It is a great initiative to empower rural women and their families. The borrowers have proved reliable and have used the loans for various productive purposes. It is an inspiring piece of work.

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