Muhammad Yunus 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 in using group responsibility lending to maximize loan repayment rates was seen as a viable strategy for other banks to also provide loans to the poor. This approach was adopted by many other microfinance institutions and has helped millions of people access credit who were previously excluded from traditional banking systems. There is no evidence that his success resulted in other banks going out of business or seeking government action to ban group responsibility lending.

Muhammad Yunus Was Highly Successful in His Use of Applying