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
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. The remarkable life story of one visionary economist and his simple but revolutionary tool to end world poverty: micro-credit. 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. 8 pp. Around the world, micro-lending programs inspired by Grameen are blossoming, with more than three hundred programs established in the United States alone. photos.. Ninety-four percent of Yunus's clientPerhaps the book would have been well suited for a movie on Lifetime for women on cable TVI worked in Afghanistan for over fiver years with NGO's and traveled from one end of the country to the other. How in the world can you criticize someone like that?Well, here's how.First and most importantly, you can scour through Banker to the Poor and not find anything concrete about whether the Grameen Bank and all of its allied institutions have actually reduced poverty.In the middle of the book, Yunus says that he wants outside independent auditors to look at the outcomes for Grameen borrowers. It is astoundingly funny in a way that cuts deep, all the way to the core. This task grew increasingly difficult as his thinking advanced from simple "game increase" efforts in the Southwest to deer herd reduction, re-establishment of wolves and other predators, and the integration of Wisconsin wildlife and timber management into his emerging idea of a broader dynamic ecosystem. This is an interesting book, and I would recommend it, just not for the facts it gives you.. This is the story of one man who extracted himself from economic theory long enough to see poverty in human terms, to trust in human beings, to form them into self-help units, to express that "trust" in economic terms and watch the seeds of faith grow into an international garden of success. After several false starts, I managed to read thisIt began with a simple $27 loan. When policy makers finally realize that the poor are their partners, rather than bystanders or enemies, we will progress much faster that we do today." Dr. Yunus's efforts prove that hope is a global currency. At Grameen, loans are administered to groups of five people, with only two receiving their money up front. Most of the Grameen Bank's loans are to women, and since its inception, there has been an astonishing loan repayment rate of over 98 percent.Banker to the Poor is an inspiring memoir of the birth of microcredit, written in a conversational tone that makes it both moving and enjoyable to read. The Grameen Bank is now a $2.5 billion banking enterprise in Bangladesh, while the microcredit model has spread to over 50 countries worldwi
- Title : Banker to the Poor: Micro-Lending and the Battle Against World Poverty
- Author : Muhammad Yunus
- Rating : 4.70 (559 Vote)
- Publish : 2016-1-5
- Format : Hardcover
- Pages : 272 Pages
- Asin : 1891620118
- Language : English
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