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

Banker to the Poor Micro Lending and the Battle Against World Poverty Muhammad Yunus is that rare thing a bona fide visionary His dream is the total eradication of poverty from the world In against the advice of banking and government officials Yunus established

  • Title: Banker to the Poor: Micro-Lending and the Battle Against World Poverty
  • Author: Muhammad Yunus Alan Jolis
  • ISBN: 9781586481988
  • Page: 383
  • Format: Paperback
  • 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 privilegeMuhammad 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 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 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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      Published :2018-08-13T09:18:48+00:00

    1 thought on “Banker to the Poor: Micro-Lending and the Battle Against World Poverty”

    1. Muhammad Yunus and I are best friends. (Oops, I had to double check, and I'd spelled "Muhammad" wrong. Sorry, buddy!)Anyways, me and Mr. Yunus are best friends because once he spoke at the library in Salt Lake City, and when I heard about it I drove down and sat shyly on the back row of the auditorium and clapped really hard for him. Then after it was all over, I saw him just kind of hanging out all alone on the stage, and thought, "Maybe I could go and meet him and we could be best friends!" So [...]

    2. After finishing this book, I wanted to shout, "Yeah! Preach it, brother!" Really cool book. Yunus won the 2006 Nobel Peace Prize for his decades of work. He is an academic who roles up his sleeves and produces something practical. His book should be embraced by Christians, conservatives, liberals, libertarians, and Dave Ramsey.

    3. This book provides an informative overview of Grameen Bank and micro-lending, but I think that its argument in favor of micro-lending would be stronger if Yunus spent more time addressing the arguments of critics. Although some criticisms are mentioned briefly, Yunus brushes them off quickly. As one example, I think that Yunus far too quickly rejects the arguments that poor people living in the developed world would not benefit from micro-lending in the same ways as the poor of Bangladesh. I thi [...]

    4. I read a 20+ pages report written by a group of MBA students from Columbia Business School and it was as concise, succinctly put as this 200+ pages book on Grameen Bank/microcredit. The importance of open access to resources is indispensable. Hence, I agree with Muhammad Yunus that the current financial system has inevitably, and is successful in sidelining the neediest, which eventually gives birth to the need to establish alternative institutions that work on social benefits as the underlying [...]

    5. Dr. Yunus could prove it is possible to lift the poorest out of poverty. He could open eyes of bankers who stick with the idea that lending could happend only when collateral is secured. His experience ilustrates the private sector is not only for the greedy but also for social-minded individuals. I would recommend the book to anyone who wish for a poverty-free world.

    6. Baru mulai beberapa hari lalu bacanya dan langsung suka. Ekonomi yang terkenal sebagai "fisikanya ilmu sosial" ditangan Yunus berubah menjadi antropologi ekonomi. Ilmu yang sarat identik dengan asumsi nomethetik sebagai kacamata paradigmatiknya, di tangan Yunus dikemas menjadi sangat ideografis, sarat dengan muatan lokal melalui pendekatan kasuistik dan misi perubahan sosial.Yah, Pak Yunus dengan sangat rendah hati telah mengubah dirinya dan lingkungan akademisnya untuk mau menjadi mahasiswa di [...]

    7. This book has much in common with Three Cups of Tea: One Man's Mission to Promote Peace . . . One School at a Time. In it, Mohammad Yunus seeks to alleviate poverty one person at a time, with micro-loans. It's a fascinating look at how the system works, and the enterprise's founding and history were equally absorbing. Like Three Cups of Tea, however, the writing is just so-so. Yunus comes across as a bit self-righteous and a bit pedantic, and the writing at times is repetitive. Overall it's an i [...]

    8. How to Eliminate PovertyThis weekend I attended the Bottom Billions | Bottom Line Conference hosted by Seattle Pacific University’s Center for Integrity in Business. The event served as a convergence zone between business, nonprofit organizations, and the academy seeking to better understand ways that business can help alleviate world poverty.Of the many interesting subjects discussed at the conference, the topic of microfinance seemed to continuously echo through my head. For those unfamiliar [...]

    9. Mohammed Yunus is a revolutionary for championing the concept of micro-lending. Micro-lending means lending loans to extremely poor people so that they can use that credit to rise above the poverty line. As the term “micro” suggests, these loans are very small. But, the difference that small credit can make upon the lives of people is immense. Yunus started by handing out loans to the poorest because according to him, the term “poor” is vague and often overused. So, focusing on "poor" is [...]

    10. Just an amazing story, how an economics professor from Bangladesh, trained in the U.S goes back to his country to do "nation-building" and finds enormous untapped potential among the poor. Harnesses a stripped-down, modified version of traditional banking to start a bank that eventually gains a client base of over 2 million people. That's nuts! How do you start anything that big? One person at a time, apparently - that's how he did it. At a certain point the book stops being a life story and sta [...]

    11. Yunus would have made a great candidate for a Nobel in Economics. Unlike the theoretical university researchers who dominate the list today, Yunus’s defining traits are a supremely practical and field oriented. And like all pioneers his success comes from questioning the absolute fundamentals- why need collateral for credit? How can you be sure that the poor can’t pay? But he is also aware that the success of his experiments have been aided by his being ‘elite’. Only someone with his kin [...]

    12. I LOVED THIS BOOK -- six stars. It tells the story of Grameen and microcredit from the beginning until now.Forget theories, classrooms, and endless postulating. Acting on a desire to help others will go so much further than all of aggrandized theories and reticent intentions.Muhammad Yunus changed the world with a simple idea spurned from his moral sense.Simple goodwill is undervalued.

    13. This is an autobiography of a great man Mohammed Yunus who is also a recipient of Nobel Peace Prize. This is a story of a miraculous work done by Dr Yunus for the upliftment of downtrodden Bangladeshis through his exceptionally creative Grameen Bank which was a path breaking experiment.The book also gives glimpses of the contemporary rural society of Bangladesh.

    14. La escritura/traducción no son increíbles pero lo grandioso de este libro es la historia que cuenta. Me hizo recuperar mi espíritu juvenil de "quiero salvar el mundo". Sólo necesito poner manos a la obra antes de que ese espíritu se vuelva a oxidar en mí

    15. A book like this should be read by everyone. I believe, they should put this in school curriculum so as to teach kids about - social-conciousness as a motivational force. As kids, we once always dream about growing up and changing the world for better. Unfortunately, so called practicality and rationality makes us leave all such thoughts and work for ourselves. This book provides a real-life example of how one man's wish to lift the poorest out of the poverty and that too, not by doing something [...]

    16. Really interesting book overall. At times I felt like Yunus was too excited and dedicated about the Grameen Bank to be honest about the challenges of micro lending (he continuously seemed to rush past those sections or somewhat glossing them), but it was still really interesting/inspiring to see how he structured the bank around community ownership and accountability. I didn’t agree with some of his views on governments not funding public goods, but definitely worth the read and I look forward [...]

    17. Definitely sets the industry standard for microfinance sector. Teaches readers the founder's motivation to start the enterprise + hardships he went through.

    18. Summary: Yunus' personal account of developing micro-lending and the Grameen Bank to help lift the rural poor out of poverty by providing the small loans they needed to develop their own small businesses.How often does it happen that a person has an epiphany, a revelatory moment that changes their lives? For Muhammad Yunus, brought up in a merchant family, and as a Fulbright scholar representing the "best and brightest" of a Bengali elite that would achieve independence in Bangladesh, the future [...]

    19. [ Banker to the Poor ][ Winners of Nobel Prize - Muhammad Yunus & Grameen Bank ]An inspiring book indeed. Mengisahkan tentang the pioneer of *microcredit*. Basically, microcredit ni berikan small loans to individuals/groups of people without collateral. Besarnya pengaruh bank dan individu ini sehingga tertubuh beratus-ratus brach bank-nya di seluruh dunia, sama ada directly under Grameen atau mengambil model perbankan-nya. Sangat memberikan inspirasi, terutama bagi mereka yang nak terlibat s [...]

    20. This is a very interesting and unusual book about an economist dedicated to helping the poor. As in, trying some things to help the poor, watching the effects, and figuring out whether they really are reaching the poorest that he is trying to help. I found his discussion of real-life effects engaging and basic, i.e. you don't need to be an economics expert to understand what he is saying. For example, the author first tried helping a collective of farmers and sharecroppers with improved irrigati [...]

    21. i wanna give this book 6/5!Muhammad Yunus is certainly an outstanding thinker and leader. he has a clear view of what he wants to achieve and is a real revolutionary in the way he works to help his society and humans all over. he's highly passionate when it comes to the poor, and he really shows us how we can do a lot of good though social activity rather than going into politicse book starts with the an account of his typical childhood and his memories of those days. he finishes school, gets a [...]

    22. I live and work in Bangladesh and I've met Grameen borrowers who are so incredibly oppressed and stressed out by the repayment of their loans and women who have been forced to get loans and then hand them over to family members, but I've never yet met a woman who told me that a Grameen loan changed her life for the better. Professor Yunus is a capitalist and thinks that the capitalist economy is a positive thing, even for the poor. He believes in competition rather than cooperation. He believes [...]

    23. Banker to the Poor: micro lending and the battle against poverty, by Muhammad Yunus, narrated by Ray Porter, produced by Blackstone Audio, downloaded from audible.Professor Yunus was an economics professor teaching at a university in what is now known as Bangladesh. In the late ‘70’s, he came to the conclusion that his students needed more hands-on experience in the economics of being poor. He discovered that the very poorest people, mostly women, could never get beyond being poor because no [...]

    24. A must-read for anyone working in development field. It is loaded with thought-provoking facts and motivation to work on something that will really be useful for what so-called grassroot communities. His explorations reveals important facts on who are "the poor", what they need, how they are at the face of conventional economics, and the breakthrough in cutting the circle of poverty. His questions on how academic world can give real impacts to the community is the question that remains in many p [...]

    25. I picked this up because I was interested in learning a little more about Grameen bank, which as I understand it is pretty much the granddaddy of micro-credit organizations. I very much enjoyed the book. It's divided into about four parts: a quick autobiography of Yunus, a quick history of how Grameen got started and its principles, some criticism of some current (actually now somewhat dated) movements in global development, and a summary of Yunus's vision of social entrepreneurship.I always fin [...]

    26. This book is about the Grameen Bank and their effort to give micro-credit loans to the poorest of the poor. I heard about it during college, but really enjoyed learning its history and progress. The edition my library had was from 1999, so I will research online for updates in the last 15 years. I love the idea of empowering people using the talents they already have to find income.One note, Dr. Yunus is a very pompous man. BUT, if these programs are working as well as he says they are, then goo [...]

    27. If you think there is no good left in the world, you should read Banker to the Poor. Muhammad Yunus takes us through his experience, going from a university teacher to a worker at the grassroots level, lending money to the poorest of village people, to help them get started through offering microcredit loans.It's a fascinating story, of how an initial $27 helped 42 people get their life back on track again, to break free from the vicious circle of poverty. The Grameen organization has now spread [...]

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