Muhammad Yunus revolutionized banking in Bangladesh by issuing loans using group responsibility. This change to group responsibility:

Question

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Muhammad Yunus's approach of issuing loans based on group responsibility created a social incentive for repayment. Group members would encourage each other to repay their loans to ensure the group remained eligible for future loans, thus improving repayment rates without the need for traditional collateral.

Muhammad Yunus Revolutionized Banking in Bangladesh by Issuing Loans Using