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Banker to the Poor: Micro-Lending and the Battle Against World Poverty

Muhammad Yunus

Paperback | Pages: 289 pages

Rating: 4.1 | 8948 Users | 915 Reviews

Identify Appertaining To Books Banker to the Poor: Micro-Lending and the Battle Against World Poverty

Title	:	Banker to the Poor: Micro-Lending and the Battle Against World Poverty
Author	:	Muhammad Yunus
Book Format	:	Paperback
Book Edition	:	First Edition
Pages	:	Pages: 289 pages
Published	:	October 16th 2003 by PublicAffairs (first published 1991)
Categories	:	Nonfiction. Economics. Business. Social Issues. Poverty. Finance

Explanation In Pursuance Of Books Banker to the Poor: Micro-Lending and the Battle Against World Poverty

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 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.

Muhammad Yunus was born in Bangladesh and earned his Ph.D. in economics in the United States at Vanderbilt University, where he was deeply influenced by the civil rights movement. He still lives in Bangladesh, and travels widely around the world on behalf of Grameen Bank and the concept of micro-credit.

Present Books As Banker to the Poor: Micro-Lending and the Battle Against World Poverty

Original Title:	Banker to the Poor: Micro-Lending and the Battle Against World Poverty
ISBN:	1586481983 (ISBN13: 9781586481988)
Edition Language:	English

Rating Appertaining To Books Banker to the Poor: Micro-Lending and the Battle Against World Poverty

Ratings: 4.1 From 8948 Users | 915 Reviews

Article Appertaining To Books Banker to the Poor: Micro-Lending and the Battle Against World Poverty

Really interesting book overall. At times I felt like Yunus was too excited and dedicated about the Grameen Bank to be honest about the challenges of micro lending (he continuously seemed to rush past those sections or somewhat glossing them), but it was still really interesting/inspiring to see how he structured the bank around community ownership and accountability. I didnt agree with some of his views on governments not funding public goods, but definitely worth the read and I look forward to

Mohammed Yunus is a revolutionary for championing the concept of micro-lending. Micro-lending means lending loans to extremely poor people so that they can use that credit to rise above the poverty line. As the term micro suggests, these loans are very small. But, the difference that small credit can make upon the lives of people is immense. Yunus started by handing out loans to the poorest because according to him, the term poor is vague and often overused. So, focusing on "poor" is not

Loved it! Muhammad Yunus is one inspiring man finding creative, community-based solutions to poverty and inspiring countless others across the world with his grand dreams and practical enterprise. Definitely recommend! So much excellent food for thought for anyone, no matter your particular field or areas of social interest.

3.5/5 What an uplifting story ! Hats off to Muhammad Yunus.कौन कहता है आसमां में सुराख नहीं हो सकता, एक पतथर तो तबियत से उछालो यारोंAmidst his disastrous campaign that for the 2014 Lok Sabha campaign Rahul Gandhi said something profound amidst all the nonsense :-"A rising tide raises all boats, but you need a boat to rise with the tide. What does he who does not have a boat do ?"This is the story of Nobel Laureate Yunus's Grameen Bank. The Grameen bank provides collateral-free loans to those who

Very interesting read especially during my visit to Kenya where Ive visited a micro finance bank! More on the book here: https://helenaroth.com/banker-to-the-...

Yunus would have made a great candidate for a Nobel in Economics. Unlike the theoretical university researchers who dominate the list today, Yunuss defining traits are a supremely practical and field oriented. And like all pioneers his success comes from questioning the absolute fundamentals- why need collateral for credit? How can you be sure that the poor cant pay? But he is also aware that the success of his experiments have been aided by his being elite. Only someone with his kind of

Finally, also read Banker to the Poor. And, havent been able to get over it. What a life, what an institution and what a book! Muhammad Yunus left his life in America in the 1970s and moved to Bangladesh and set a model of how poverty can be lifted through free market banking initiative called Grameen Bank. Not a single chapter or a page in the book is without meaning. The thing that struck me the most (and I did not know beforehand) was that the Grameen Bank is an ultimate feminist bank - it