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Banker to the Poor

By Muhammad Yunus

(25)

| Paperback | 9780143102915

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Book Description

The remarkable life story of one visionary economist and his simple but revolutionary tool to end world poverty: micro-credit. In 1983, against the advice of banking and government officials, Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with miniscule loans. GrameContinue

The remarkable life story of one visionary economist and his simple but revolutionary tool to end world poverty: micro-credit. In 1983, against the advice of banking and government officials, Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with miniscule loans. Grameen Bank, based on the belief that credit is a basic human right, not the privilege of a fortunate few, now provides over 2.5 billion dollars of micro-loans to more than two million families in rural Bangladesh. Ninety-four percent of Yunus's clients are women, and repayment rates are near 100 percent. Around the world, micro-lending programs inspired by Grameen are blossoming, with more than three hundred programs established in the United States alone.

Banker to the Poor is Muhammad Yunus's memoir of how he decided to change his life in order to help the world's poor. In it he traces the intellectual and spiritual journey that led him to fundamentally rethink the economic relationship between rich and poor, and the challenges he and his colleagues faced in founding Grameen. He also provides wise, hopeful guidance for anyone who would like to join him in "putting homelessness and destitution in a museum so that one day our children will visit it and ask how we could have allowed such a terrible thing to go on for so long." The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is necessary and inspirational reading for anyone interested in economics, public policy, philanthropy, social history, and business. 8 pp. photos.

3 Reviews

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  • Story of Micro-Credit

    “Banker to the Poor” is an biography of Grameen Bank written by its founder, Muhammad Yunus. Muhammad Yunus outlined how Bangladesh people can benefit from the micro-financing activities despite big cultural difficulty, and other challenges. He also provides examples of different successful stories ... (continue)

    “Banker to the Poor” is an biography of Grameen Bank written by its founder, Muhammad Yunus. Muhammad Yunus outlined how Bangladesh people can benefit from the micro-financing activities despite big cultural difficulty, and other challenges. He also provides examples of different successful stories with various social economic background and culture setting (from Chicago to China) . It is an encouraging story about how micro-credit can improve the quality of life, and mobilize the creative mind of poor people.

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    Simon said on Sep 30, 2007 | Add your feedback

  • inspiring! the idea of micro-credit lending to achieve a poverty free world driven by social conscious enterprises is just so exciting!

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    崩潰人 said on Aug 23, 2007 | Add your feedback

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