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

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PublicAffairs, 1999 - Biography & Autobiography - 273 pages
33 Reviews
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.
  

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

User Review  - Priyanka - Goodreads

this book has the power to change life! acc to Prof Mohd Yunus, every person is an entrepreneur, its not that people are not credit worthy, but banks are not people worthy! what character it must have ... Read full review

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

User Review  - Crystal Ye - Goodreads

I can now understand why this micro-lending system can only be awarded the Nobel Peace Prize not the Economics. The whole system is based on trust and understandings of the poor in Bangladesh ... Read full review

All 6 reviews »

Selected pages

Contents

Introduction
Number 20 Boxirbat Road Chittagong
1
A Bengali in America
13
Back in Chittagong
31
The Stool Makers of Jobra Village
43
A Pilot Project Is Born
59
Expanding Beyond Jobra into Tangail
85
A Bank for the Poor Is Born
115
Applications in Other Poor Countries
153
Applications in the United States and Other Wealthy Countries
173
Grameen in the Nineties
193
Beyond Microcredit A New World of Grameen Enterprises
213
Grameen Bank II
233
The Future
245
For Further Information
263
Index
265

Growth and Challenges for the Bank for the Poor 19841990
131

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About the author (1999)

Muhammad Yunus was born in 1940 in Chittagong, a seaport in Bangladesh. The third of fourteen children, five of whom died in infancy, he was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. In 1972 he became the head of the economics department at Chittagong University. He is the founder and managing director of the Grameen Bank.

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