Banker to the Poor
The Story of the Grameen Bank
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Banker to the Poor by Mohammad Yunus
Book DescriptionMuhammad Yunus set up the Grameen Bank in his home country of Bangladesh with a loan of just [pound]17, to lend tiny amounts of money to the poorest of the poor - those to whom no ordinary bank would lend. Most of his customers - as they still are - were illiterate women, wanting to set up the smallest imaginable village enterprises. It was his conviction that this new system of 'micro-credit', lending even such small sums, would give such people the spark of initiative needed to pull themselves out of poverty. Today, Yunus's system of micro-credit is practised around the world in some 60 countries, including the US, Canada and France. His Grameen Bank is now a billion-pound business. It is acknowledged by world leaders and by the World Bank to be a fundamental weapon in the fight against poverty. Banker to the Poor is Yunus's enthralling story of how he did it: how the terrible famine in Bangladesh in 1974 focused his ideas on the need to enable its victims to grow more food; how he overcame the sceptics in many governments and among traditional economic thinking; and how he saw his micro-credit extended even outside the Third World into credit unions in the West. Such is the importance of his book that HRH the Prince of Wales has contributed a Foreword in which he hails 'a remarkable man [who] spoke the greatest good sense'.
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Book DetailsISBN: 9781854109248
(197mm x 129mm x 22mm)
Imprint: Aurum Press Ltd
Publisher: Aurum Press Ltd
Publish Date: 11-Jul-2003
Country of Publication: United Kingdom
Books By Author Mohammad Yunus
Microfinance and Poverty Alleviation, Hardback (March 2000)
This study collects together the experience of microfinance practitioners in 11 countries in the Asia-Pacific region to describe the present state of the art. It asks why microfinance is so essential to poverty reduction and what kind of policy framework and regulatory environment is required.
Plant Response to Air Pollution, Hardback (July 1996)» View all books by Mohammad Yunus
Air pollution poses a serious threat to human health and the environment worldwide. It contributes significantly to regional and global atmospheric issues such as global warming, acidification and depletion of the ozone layer. It affects every living thing, including all kinds of vegetation on which we depend for our survival.
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Author Biography - Mohammad Yunus
Muhammad Yunus was born in 1940 in Chittagong, now in Bangladesh. In 1997 he led the world's first Micro-Credit Summit in Washington DC.
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