Banker To The Poor : Micro-Lending and the Battle Against World Poverty
by Muhammad Yunus
Editor: INGRAM PUBLISHER SERVICES US
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Muhammad Yunus is that rare thing: a true visionaryHis dream is the total eradication of poverty in the world.In 1983, against the advice of the bank and government officials, Yunus created the Grameen bank, a bank dedicated to providing the poorest in Bangladesh with tiny loansThe Grameen Bank, based on the belief that credit is a fundamental human right, not the privilege of a privileged few, now provides more than $2.5 billion in micro-credits to more than two million families in rural BangladeshEighty-four percent of Yunus customers are women, and repayment rate of nearly 100%.Around the world, Grameen-inspired micro-lending programs are expanding rapidly, with over three hundred programs established in the United States alone.The Poor Banker is Muhammad Yunus’s memory of how he decided to change order in his life to help the world’s poorHe traces the intellectual and spiritual journey that led him to rethink the economic relationship between rich and poor, and the challenges he and his colleagues face at the Grameen FoundationHe also provides wise, hopeful guidance for all those who would join him, to “put homelessness and misery in a museum is that one day our children will visit it and wonder how we could have allowed such a terrible thing to go on for so long”The definitive story of direct micro-credit from the man who conceived it, the Banker of the Poor is necessary and inspiring reading for anyone interested in economics, public policy, philanthropy, social history, and business.Muhammad Yunus was born in Bangladesh, and obtained his PhDin economics at Vanderbilt University, where he was deeply influenced by the civil rights movement.He still lives in Bangladesh, and travels all over the world on behalf of the Grameen Bank and the concept of micro-credit
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