Grameen Bank
Grameen Bank received awards such as, the Bangladesh Independence Day Award, in 1994. The bank got its best known award on 13 October 2006, when the Nobel Committee awarded Grameen Bank and its first member, Muhammad Yunus, the 2006 Nobel Peace Prize "for their efforts to create economic and social development from below." The Nobel Foundation says: From modest beginnings three decades ago, Yunus has, first and foremost through Grameen Bank, developed micro-credit into an ever more important instrument in the struggle against poverty. Grameen Bank has been a source of ideas and models for the many institutions in the field of micro-credit that have sprung up around the world.