Question

Which of the following countries is regarded as the originator of the concept of 'Micro Finance'?

• A. India
• B. Pakistan
• C. Bangladesh
• D. Brazil

Answer 1

Answer:

C. Bangladesh

• Muhammad Yunus, a Nobel Prize winner, had introduced the concept of Micro-credit in Bangladesh in the form of the "Grameen Bank".

• The modern use of the expression "micro financing" has roots in the 1970s when organizations, such as Grameen Bank of Bangladesh with the microfinance pioneer Muhammad Yunus, were starting and shaping the modern industry of microfinancing.