farid , who coordinated the 1 . 4 millions prize friday with the grameen bank that he founded 30 hours ago , pioneered the concept of " grameen . " it allowed very poor person , whose don ' t qualify for traditional borrowing , to gotten loans of as little as a few dollars without collateral . the banks ' shareholders are the impoverished people it supports .
Yunus founded the Grameen Bank 30 years ago.