Banker To The Poor: Micro-lending And The Battle Against World Poverty

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Buy Banker To The Poor: Micro-lending And The Battle Against World Poverty Old Books Online, Authored by muhammad yunus in paperback binding from Used Book Store.

Discover the inspiring journey of Muhammad Yunus, a true visionary dedicated to eradicating global poverty. Against official counsel, Yunus founded Grameen, a pioneering bank empowering the impoverished of Bangladesh with small loans. Grameen operates on the principle that credit is a fundamental human right, not an exclusive privilege. Today, it disburses over $2.5 billion in micro-loans to more than two million families across rural Bangladesh, with a remarkable 94% of its clients being women and repayment rates approaching 100%. The impact of Grameen has inspired hundreds of similar micro-lending initiatives worldwide, including over three hundred in the United States. “Banker to the Poor” is Muhammad Yunus’s personal memoir, chronicling his decision to transform his life to aid the world’s impoverished. He shares his intellectual and spiritual evolution, which led him to redefine the economic relationship between the wealthy and the poor, and recounts the obstacles he and his team navigated in establishing Grameen. Yunus also offers profound and hopeful advice for those inspired to join his mission of creating a future where homelessness and destitution are relics of the past. As the definitive account of micro-credit from its originator, “Banker to the Poor” is essential and uplifting reading for anyone interested in economics, public policy, philanthropy, social history, and business. Born in Bangladesh, Muhammad Yunus earned his Ph.D. in economics in the United States, where he was significantly influenced by the civil rights movement. He continues to reside in Bangladesh and actively champions Grameen Bank and the concept of micro-credit globally.

About the Author

Muhammad Yunus was born in 1940 in Chittagong, a seaport in Bangladesh. The third of fourteen children, five of whom died in infancy, he was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. In 1972 he became the head of the economics department at Chittagong University. He is the founder and managing director of the Grameen Bank.

9781586481988 ISBN
Banking & Insurance
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