Every century, decade, year and even month has a popular subject that starts out of nowhere and dies out without a trace. The origins of microcredit in its current practical incarnation can be linked to several organizations founded in Bangladesh, especially the Grameen Bank. The Grameen Bank, which is generally considered the first modern microcredit institution, was founded in 1983 by Muhammad Yunus.





Especially eager to try microloans and credits are the Asian countries and the population of unbanked. Studies show that demand for microfinancing and fast loans were high even before Muhammad Yunus first introduced such a concept. Since then, microfinancing organizations and online credit stores have blossomed in our society. Read More at Cryptopolitan...



