Description
Muhammad Yunus is that rare thing: a bona fide visionary. His dream is the total eradication of poverty from the world. In 1983, against the advice of banking and government officials, Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with minuscule 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 globe, micro-lending programs inspired by Grameen are blossoming, with more than three hundred programs established in the US alone.
Banker to the Poor is Muhammad Yunus’s memoir of how he made up our minds to change his life as a way 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 love to enroll in him in “putting homelessness and destitution in a museum so that at some point our children will visit it and ask how we could have allowed the sort of 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.
Muhammad Yunus was once born in Bangladesh and earned his Ph.D. in economics in the US at Vanderbilt University, where he was once deeply influenced by the civil rights movement. He still lives in Bangladesh, and travels widely Around the globe on behalf of Grameen Bank and the concept that of micro-credit.
Banker to the Poor is Muhammad Yunus’s memoir of how he made up our minds to change his life as a way 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 love to enroll in him in “putting homelessness and destitution in a museum so that at some point our children will visit it and ask how we could have allowed the sort of 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.
Muhammad Yunus was once born in Bangladesh and earned his Ph.D. in economics in the US at Vanderbilt University, where he was once deeply influenced by the civil rights movement. He still lives in Bangladesh, and travels widely Around the globe on behalf of Grameen Bank and the concept that of micro-credit.
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