Muhammad Yunus Banker to the Poor

ISBN 13: 9780143102915

Banker to the Poor

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9780143102915: Banker to the Poor

Muhammad Yunus set up the Grameen Bank in his home country of Bangladesh with a loan of just [pound]17, to lend tiny amounts of money to the poorest of the poor - those to whom no ordinary bank would lend. Most of his customers - as they still are - were illiterate women, wanting to set up the smallest imaginable village enterprises. It was his conviction that this new system of 'micro-credit', lending even such small sums, would give such people the spark of initiative needed to pull themselves out of poverty. Today, Yunus's system of micro-credit is practised around the world in some 60 countries, including the US, Canada and France. His Grameen Bank is now a billion-pound business. It is acknowledged by world leaders and by the World Bank to be a fundamental weapon in the fight against poverty. Banker to the Poor is Yunus's enthralling story of how he did it: how the terrible famine in Bangladesh in 1974 focused his ideas on the need to enable its victims to grow more food; how he overcame the sceptics in many governments and among traditional economic thinking; and how he saw his micro-credit extended even outside the Third World into credit unions in the West. Such is the importance of his book that HRH the Prince of Wales has contributed a Foreword in which he hails 'a remarkable man [who] spoke the greatest good sense'.

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Review:

'An amazing account of the way in which one man with a vision and the right values can turn the established order on its ear' - John Elkington, Guardian; 'Not only does it read as swiftly as a thriller, it turns the dreary science of development economics inside out' - --Rosemary Righter, The Times

About the Author:

Muhammad Yunus was born in 1940 in Chittagong, now in Bangladesh. In 1997 he led the world's first Micro-Credit Summit in Washington DC.

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Book Description Penguin Books India, 2007. Softcover. Book Condition: New. ?It?s not people who aren?t credit-worthy. It?s banks that aren?t people-worthy? ?Muhammad Yunus Muhammad Yunus, winner of the Nobel Peace Prize in 2006, set up the Grameen Bank in Bangladesh to lend tiny sums to the poorest of the poor, who were shunned by ordinary banks. The money would enable them to set up the smallest village enterprise and pull themselves out of poverty. Today, Yunus?s system of ?micro-credit? is practised in some sixty countries, and his Grameen Bank is a billion-pound business acknowledged by world leaders and the World Bank as a fundamental weapon in the fight against poverty. Banker to the Poor is Yunus?s own enthralling story: of how Bangladesh?s terrible 1974 famine underlined the need to enable its victims to grow more food; of overcoming scepticism in many governments and in traditional economic thinking; and of how micro-credit was extended into credit unions in the West. Printed Pages: 336. Bookseller Inventory # 22467

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Book Description Penguin Books India, 2007. Softcover. Book Condition: New. ‘It’s not people who aren’t credit-worthy. It’s banks that aren’t people-worthy’ â€"Muhammad Yunus Muhammad Yunus, winner of the Nobel Peace Prize in 2006, set up the Grameen Bank in Bangladesh to lend tiny sums to the poorest of the poor, who were shunned by ordinary banks. The money would enable them to set up the smallest village enterprise and pull themselves out of poverty. Today, Yunus’s system of ‘micro-credit’ is practised in some sixty countries, and his Grameen Bank is a billion-pound business acknowledged by world leaders and the World Bank as a fundamental weapon in the fight against poverty. Banker to the Poor is Yunus’s own enthralling story: of how Bangladesh’s terrible 1974 famine underlined the need to enable its victims to grow more food; of overcoming scepticism in many governments and in traditional economic thinking; and of how micro-credit was extended into credit unions in the West. Printed Pages: 336. Bookseller Inventory # 22467

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