Microcredit – Overview, How It Works, History, And Disadvantages

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Nevertheless, a brand new vision on the delivery of microcredit was launched from the 1970s to the 1980s, and Muhammad Yunus was a key participant in shaping the imaginative and prescient. He decided to open Grameen Financial institution in 1983 and understand his vision. Grameen Bank was able to receive funding and created a microcredit mannequin.

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