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Yunus won the 2006 Nobel Peace Prize for his pioneering microfinance work that helped alleviate poverty in Bangladesh

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Yunus won the 2006 Nobel Peace Prize for his pioneering microfinance work that helped alleviate poverty in Bangladesh

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Muhammad Yunus and Grameen Bank were awarded the Nobel Peace Prize for 2006 for their work to “create economic and social development from below”. Grameen Bank's objective since its establishment in 1983 has been to grant poor people small loans on easy terms - so-called micro-credit - and Yunus was the bank's founder.