Free Prime Banker to the Poor: Micro-Lending and the Battle Against World Poverty By Muhammad Yunus – Vansonphu.com

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 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 overbillion 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 nearpercent 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 PhD 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


About the Author: Muhammad Yunus

Dr Muhammad Yunus is a Bangladeshi banker and economist He previously was a professor of economics and is famous for his successful application of microcredit the extension of small loans given to entrepreneurs too poor to qualify for traditional bank loans Dr Yunus is also the founder of Grameen Bank In 2006, Yunus and the bank were jointly awarded the Nobel Peace Prize for their efforts to create economic and social development from below He has also received several other national and international honors Dr Yunus is one of the founding members of Global Elders, a group of public figures noted as elder statesmen, peace activists, and human rights advocates whose goal is to solve global problems by using almost 1,000 years of collective experience to work on solutions for seemingly insurmountable problems like climate change, HIV AIDS, and poverty, and use their political independence to help resolve some of the world s most intractable conflicts.



10 thoughts on “Banker to the Poor: Micro-Lending and the Battle Against World Poverty

  1. Abby Abby says:

    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 cou


  2. Lyn Lyn says:

    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 After finishing this book, I wanted to shout, Yeah Preach it, brother Really cool book Yunus won the 2006 Nobel Peace P


  3. Ryan Ryan says:

    Truly an amazing book I highly recommend this to anyone interested in development, poverty, or those wanting to learn about micro lending He is truly an incredible man with a heart of infinite passion and hope This book will stay in memory for quite some time.


  4. Riku Sayuj Riku Sayuj says:

    Highly recommended A true must read book.


  5. Christine Christine says:

    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 spenttime 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 t


  6. Azwa Ahmad Azwa Ahmad says:

    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


  7. Bunly Bunly says:

    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.


  8. PDXReader PDXReader says:

    This book has much in common with


  9. A Man Called Ove A Man Called Ove says:

    3.5 5 What an uplifting story Hats off to Muhammad Yunus , Amidst his disastrous campaign that for the 2014 Lok Sabha campaign Rahul Gandhi said something profound amidst all the nonsense A rising tide raises all boats, but you need a boat to rise with the tide What does he who does not have a boat do This is the story of Nobel Laureate Yunus s Grameen Bank The Grameen bank provides collateral free loans to those wh 3.5 5 What an uplifting story Hats


  10. Helena Helena says:

    Very interesting read especially during my visit to Kenya where I ve visited a micro finance bank More on the book here Very interesting read especially during my visit to Kenya where I ve visited a micro finance bank More on the book here


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