Banker to the Poor Tpb
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This autobiography of the world-renowned, visionary economist who came up with a simple but revolutionary solution to end world poverty—micro-credit—has become the classic text for a growing movement.
In 1983 Muhammad Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with miniscule loans. He aimed to help the poor by supporting the spark of personal initiative and enterprise by which they could lift themselves out of poverty forever. It was an idea born on a day in 1976 when he loaned $27 from his own pocket to forty-two people living in a tiny village. They were stool makers who only needed enough credit to purchase the raw materials for their trade. Yunus's loan helped them break the cycle of poverty and changed their lives forever. His solution to world poverty, founded on the belief that credit is a fundamental human right, is brilliantly simple: loan poor people money on terms that are suitable to them, teach them a few sound financial principles, and they will help themselves.
Yunus's theories work. Grameen Bank has provided 3.8 billion dollars to 2.4 million families in rural Bangladesh. Today, more than 250 institutions in nearly 100 countries operate micro-credit programs based on the Grameen methodology, placing Grameen at the forefront of a burgeoning world movement toward eradicating poverty through micro-lending.
About this Author
Muhammad Yunus is the founder of Grameen Bank and more than fifty other companies in Bangladesh. He is widely known as both the father of microcredit and of the social business movement. In 2006, Professor Yunus and Grameen Bank were jointly awarded the Nobel Peace Prize. He is one of only seven individuals to have received the Nobel Peace Prize, the United States Presidential Medal of Freedom, and the United States Congressional Gold Medal. Yunus is the recipient of fifty-five honorary degrees from universities in twenty countries, and has received 112 awards from twenty-six countries, including state honors from ten countries.
Reviews
"By giving poor people the power to help themselves, Dr. Yunus has offered them something far more valuable than a plate of food - security in its most fundamental form."--President Jimmy Carter
"[Yunus's] ideas have already had a great impact on the Third World, and ... hearing his appeal for a 'poverty-free world' from the source itself can be as stirring as that all-American myth of bootstrap success."--Washington Post
"I only wish every nation shared Dr. Yunus's and the Grameen Bank's appreciation of the vital role that women play in the economic, social, and political life of our societies."--Hillary Clinton
"Muhammad Yunus is a practical visionary who has improved the lives of millions of people in his native Bangladesh and elsewhere in the world. Banker to the Poor [is] well-reasoned yet passionate."--Los Angeles Times
"A fascinating and compelling account by someone who decided to make a difference, and did."--CHOICE
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