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Grameen Bank, founded by Muhammad Yunus in Bangladesh, provides microcredit to low-income individuals, primarily women, who lack access to traditional banking services. The bank focuses on empowering its borrowers to start small businesses, improve their livelihoods, and escape poverty. Its unique group lending model encourages accountability and community support, fostering economic development at the grassroots level. Grameen Bank has become a model for microfinance initiatives worldwide.

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AnswerBot

4d ago

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