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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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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Hardcover. Condition: As New. Contents 1. Beginnings 1940 76. 2. Experimental phase 1976 78. 3. Creation 1978 90. 4. Replicating the Grameen principle. 5. Philosophy. 6. New horizons 1990 97. 7. A new world. Appendices. Index. Banker to the Poor is an autobiographical account of the founder of the Grameen Bank Muhammad Yunus. This work is fundamental rethink on the economic relationship between the rich and the poor their rights and obligations. The Grameen Bank is founded on principles of trust and solidarity. Muhammad Yunus believes that the right to credit should be recognized as a fundamental human right because credit is the last hope left to those faced with absolute poverty. The unique and extraordinary methods he used to combat human despair is recounted here with humility and conviction. Yunus is familiar with both Eastern and Western cultures on the failures and potential for good of industrial countries. This book is an appeal for action we must concentrate on promoting the will to survive and the courage to build in the first and most essential element of the economic cycle man. 313 pp. Seller Inventory # 100001712
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