Mr. Muhammad Yunus is a Bangladeshi economist who founded the Grameen Bank to provide microloans to the poor without collateral. In 1976, he made his first loan of $27 from his own pocket to 42 women bamboo workers in a village, demonstrating that very small loans could make a significant impact. For his work establishing microcredit to help alleviate poverty, Mr. Yunus and Grameen Bank received the 2006 Nobel Peace Prize.