In 1983, Muhammad Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with miniscule loans. Believing that credit is a basic human right, not the privilege of a few, Yunus aimed to support that spark of personal initiative and enterprise by which the poor might lift themselves out of poverty forever. Grameen Bank now provides over $2.5 billion in micro-loans to more than two million families in rural Bangladesh. Ninety-four percent of Yunus' clients are women, and repayment rates are nearly 100 percent.In Banker to the Poor, Yunus traces the journey that led him to rethink the economic relationship between rich and poor and recounts the challenges he faced in founding Grameen. He provides wise, hopeful guidance for anyone who would like to join him in the burgeoning world movement of micro-lending to eradicate world poverty.
Winner of the 2006 Nobel Peace Prize
Nominee, 2008 Audie Award, Nonfiction, Unabridged
"The Grameen Bank's record is illuminating and inspiring....This is an aid program that works." (New York Times)
"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)
"[Yunus'] ideas have already had a great impact on the Third World....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)
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Will change the way you think about the economics.
Book's a 5; reader's a 3.