In recent years, microfinance has flourished into an ever-growing market for emerging small businesses around the world. Microfinance helps developing countries around the world get the financial help they need to start small businesses. These people can empower themselves by taking small loans to finance their projects. Microcredit or small sums of money exist as small loans given to entrepreneurs looking to empower themselves. Grameen Bank's innovation was offered to people willing to help themselves. Muhammad Yunus, winner of the Nobel Peace Prize, invented the idea of ​​Grameen Bank. Yunus believes that “small loans can produce big dreams” and that “microfinance has the ability to change the world”. Microfinance appears as an effective solution to reduce poverty. It can improve income and create self-sustaining businesses. It can also help in self-employment and bring about change for an entire community. Muhammad Yunus wrote his autobiography, The Banker for the Poor: Microloans and the Battle Against World Poverty. Yunus, inspired by the hard-working women in Bangladesh, wanted to help them. Unable to get a loan from a formal bank, many women worked while paying outrageous interest rates that they could not repay and thus were in debt. Stunned by this reality, Yunus paid off many of the women's debts and gave them a small interest-free loan. Yunus wanted to do more on a larger scale and thus the foundation of Grameen Bank was born. In 1977 the Grameen Bank became a reality, helping 7 million people and providing a staggering over $6 billion in loans. Yunus believed that everyone had the human right to establish their own credit. In a quote from President Jimmy Carter he expresses his compensation...... middle of the sheet ......v. 2013.Faraizi, Aminul Haque., Jim McAllister and Taskinur Rahman. Microcredit and women's empowerment: a case study of Bangladesh. London: Routledge, 2011. Print."Kiva - Loans that change lives." Kiva. NP, 2005-2013. Network. 25 November 2013. "Microfinance". Wikipedia. Wikimedia Foundation, 12 May 2013. Web. 01 December 2013. "Muhammad Yunus: microcredit and social enterprise for a world free from poverty." YouTube. YouTube, October 4, 2010. Web. November 25, 2013. “Professor Muhammad Yunus speaks at One Young World Summit 2012.” YouTube. YouTube, 5 December 2012. Web. 02 December 2013. Rahman, Aminur. Women and microcredit in rural Bangladesh: An anthropological study of the rhetoric and reality of Grameen Bank lending. Boulder, CO: Westview, 1999. Print.World Vision Micro. Np, 2013. Web. 20 November 2013.Yunus, Muhammad. The banker of the poor. New York: Public Affairs, 1999. Print.