And a medal was placed around the neck of Muhammed Yunus, the 2006 Nobel Peace Prize recipient, who pioneered a way to lift people out of poverty through a community banking program that gives small loans to entrepreneurs with no collateral.
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For example, the path breaking work of MuhammedYunus and the Grameen Bank shows that small micro-credit loans given to women are nearly always paid back and that the funds are used to invest in businesses, that provide funds to educate children and lift families out of poverty.