Which economist founded the Grameen Bank and shared the 2006 Nobel Peace Prize for microcredit?
Answer and explanation
Correct answer: A. Muhammad Yunus
- Step 1: Professor Muhammad Yunus pioneered the concept of microcredit and group collateral lending to impoverished rural women at Jobra village in Chattogram in 1976. Answer: Muhammad Yunus. Why not the others: Fazle Hasan Abed, Rehman Sobhan and Nurul Islam don't fit.
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