Muhammad Yunus, founder of the Grameen bank, was highly successful in his use of applying social incentives through group responsibility in order to maximize loan repayment rates. This success created an incentive for other banks to:

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Muhammad Yunus' success with the Grameen bank and the use of group responsibility to maximize loan repayment rates created an incentive for other banks to offer similar loans to the poor. This approach has become known as microfinance and has been implemented by many other organizations and banks around the world.

Muhammad Yunus, Founder of the Grameen Bank, Was Highly Successful