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Banker to the Poor

Micro-Lending and the Battle Against World Poverty

By Muhammad Yunus

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| Paperback | 9781586481988

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Book Description

This autobiography of the world-renowned, visionary economist who came up with a simple but revolutionary solution to end world poverty--micro-credit--has become the classic text for a growing movement.

In 1983 Muhammad Yunus established Grameen, a bank devoted to providing the poorest of BanglaContinue

This autobiography of the world-renowned, visionary economist who came up with a simple but revolutionary solution to end world poverty--micro-credit--has become the classic text for a growing movement.

In 1983 Muhammad Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with miniscule loans. He aimed to help the poor by supporting the spark of personal initiative and enterprise by which they could lift themselves out of poverty forever. It was an idea born on a day in 1976 when he loaned $27 from his own pocket to forty-two people living in a tiny village. They were stool makers who only needed enough credit to purchase the raw materials for their trade. Yunus's loan helped them break the cycle of poverty and changed their lives forever. His solution to world poverty, founded on the belief that credit is a fundamental human right, is brilliantly simple: loan poor people money on terms that are suitable to them, teach them a few sound financial principles, and they will help themselves.

Yunus's theories work. Grameen Bank has provided 3.8 billion dollars to 2.4 million families in rural Bangladesh. Today, more than 250 institutions in nearly 100 countries operate micro-credit programs based on the Grameen methodology, placing Grameen at the forefront of a burgeoning world movement toward eradicating poverty through micro-lending.

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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!

    Is this helpful?

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

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