How an encounter with extreme poverty led this Nobel Laureate to invent microfinance

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In 1974 Muhammad Yunus was an economics lecturer at Chittagong University. Yunus set out to help those affected by poverty and famine. Today Grameen provides micro-loans to 10.7 million people from more than 2,500 branches across Bangladesh. In 2006 Yunus won the Nobel Peace Prize for his work. The bank he founded is setting up a venture capital fund for social entrepreneurs.