Banker to the poor :

by Yunus, Muhammad,
Additional authors: Jolis, Alan.
Edition statement:Rev. and updated pbk. ed. Published by : PublicAffairs, (New York, N.Y. :) Physical details: ix, 273 p. : ill. ; 21 cm. ISBN:9781586481988 (pbk.); 1586481983 (pbk.). Year: 2003
Item type Current location Call number Copy number Status Date due
Books Books British Council Library
332.1095492 (Browse shelf) 1 Available

Enhanced descriptions from Syndetics:

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 howwe 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.

"Originally published: London: Aurum Press, 1998"--T.p. verso.

"Published ... by PublicAffairs, a member of the Perseus Books Group"--T.p. verso.

"Revised and updated for the paperback edition"--P. [4] of cover.

Includes index.

Reviews provided by Syndetics

Library Journal Review

Bangladesh, a country the size of Florida with a population of over 120 million people, is the home of Grameen Bank, the inspiration of economist Yunus, Bangladesh-born and U.S.-trained. Instead of spending his life as a university economics professor, Yunus decided in the mid-1970s to develop a micro-lending program to help the poorest people of his country. Yunus based the program on his strong belief that the very poor do not need complicated training programs to improve their economic lot. They need money, in the form of loans. This program has empowered thousands of peopleÄmany of them womenÄand surprised experts in economic development who never believed that the very poor would find the initiative and ability to repay even the smallest ($25-$500) loans. Grameen ("of the village") Bank has developed into an internationally acclaimed and replicated method for assisting the impoverished in Malaysia, the Philippines, Nepal, and even the United States. Definitely recommended for larger public and academic libraries.ÄOlga B. Wise, Compaq Computers, Austin (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.


Development finance has undergone intense reexamination in recent years and has drawn fire from many quarters, from environmentalists concerned about megaprojects undertaken in developing countries with heavy funding from international aid agencies, to observers objecting to waste and manipulation of development aid. Micro-lending, on the other hand, has been warmly received by just about all observers--very small loans made "where the rubber meets the road" in the small manufacturing, agricultural, and trade sectors of some of the world's poorest countries. This is the very personal story of one such initiative in Bangladesh, which has been praised by virtually all who have studied it--written by the person behind the whole project, Muhammad Yunus of the Grameen Bank. It is a fascinating and compelling account by someone who decided to make a difference, and did. While an accounting of micro-lending and its contribution will have to await the judgment of history, there is no arguing that it represents one of the best options for dealing with finance at the lowest levels of economic development. This saga also demonstrates the extent to which the devil is in the details. It will appeal not only to the student of economic development but also to the head and heart of the general reader. All collections. I. Walter; New York University

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