Banker to the Poor
Book Title: | Banker to the Poor |
Author: | Muhammad Yunus |
ISBN-13: | 9780143102915 |
Publication: | Penguin India (15 June 2007) |
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Overview of Banker to the Poor Book
It s not people who aren t credit-worthy. Its banks that isn t people-worthy Muhammad Yunus. Muhammad Yunus, winner of the Nobel Peace Prize in 2006, set up the Grameen Bank in Bangladesh to lend tiny sums to the poorest of the poor, who were shunned by ordinary banks. The money would enable them to set up the smallest village enterprise and pull themselves out of poverty. Today, Yunus s system of micro-credit is practised in some sixty countries, and his Grameen Bank is a billion-pound business acknowledged by world leaders and the World Bank as a fundamental weapon in the fight against poverty. Banker to the Poor is Yunus s own enthralling story: of how Bangladesh s terrible 1974 famine underlined the need to enable its victims to grow more food; of overcoming skepticism in many governments and in traditional economic thinking; and of how micro-credit was extended into credit unions in the West.
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Biographies & Autobiographies
Paperback
English
313 pages
0143102915
15 Jun 2007
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