In 1983, Muhammad Yunus established Grameen, a bank devoted to providing the poorest citizens 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 dollars of micro-loans to more than two million families in rural Bangladesh, with repayment rates at 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.
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Dr. Yunus represents one of, if not, the greatest social entrepreneurs of our time. His brilliant work with the poor of Bangladesh has spread to investment worldwide and has affected the lives of millions. Going against all that he heard from colleagues and professors at Vanderbilt, Yunus put his faith in the Bangladeshi poor and, since then, he has gone on to positively affect the lives of thousands. Truly a great and inspirational man!
I saw Mr. Yunus on Oprah and decided to buy the book - it is phenomenal! I don't have a background in finance or economics, but this book was SO interesting. Loved it!!