Muhammad Yunus is the founder of Grameen Bank, an institution that provides microcredit loans to those in need to help them develop financial self-sufficiency. His entrepreneurial activity represents ..... entrepreneurship.

DEFINITION OF ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Muhammad Yunus is the founder of Grameen Bank, an institution that provides microcredit loans to those in need to help them develop financial self-sufficiency. His entrepreneurial activity represents ____ entrepreneurship.

A	social
B	cooperative
C	conventional
D	public sector

Explanation:

Detailed explanation-1: -Muhammad Yunus (born 28 June 1940) is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance.

Detailed explanation-2: -In 1983, Prof. Muhammad Yunus created the Grameen Bank, beginning a microfinance revolution which in 2006 earned him one of humanity’s most prestigious awards, the Nobel Peace Prize. Grameen grew from a microcredit bank into a group of enterprises created with the specific intention of solving human problems.

Detailed explanation-3: -Social Entrepreneur Muhammad Yunus and Grameen Bank.

Detailed explanation-4: -By establishing Grameen Bank in 1983, Muhammad Yunus sought to realise his vision of self-support for the very poorest people by means of loans on easy terms. The bank has since been a source of inspiration for similar microcredit institutions in over one hundred countries.

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INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP