Description : Portrait of Nobel Prize Laureate Professor Muhammad Yunus, who won the Nobel Peace Prize in 2006. He initiated the Grameen (rural) Bank, the bank for the poor, which gives loans to poor people (generally women), who do not have collateral. The Grameen Foundation has also initiated innovative companies such as Grameen Phone, a commercial telecommunication company which also provides phones to rural women for setting up their businesses, Bangladesh. October 13, 2006.