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Banker to the Poor Micro-Lending and the Battle Against World Poverty Yunus pb

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Item specifics

Condition
Very Good: A book that has been read but is in excellent condition. No obvious damage to the cover, ...
ISBN
9781586481988

About this product

Product Identifiers

Publisher
Public Affairs
ISBN-10
1586481983
ISBN-13
9781586481988
eBay Product ID (ePID)
2348991

Product Key Features

Book Title
Banker to the Poor : Micro-Lending and the Battle Against World Poverty
Number of Pages
312 Pages
Language
English
Publication Year
2003
Topic
Banks & Banking, Developing & Emerging Countries, Social Scientists & Psychologists, Poverty & Homelessness, Development / Economic Development, Social Activists, Business
Illustrator
Yes
Genre
Social Science, Biography & Autobiography, Business & Economics
Author
Muhammad Yunus
Format
Trade Paperback

Dimensions

Item Height
1 in
Item Weight
9.9 Oz
Item Length
8.4 in
Item Width
5.5 in

Additional Product Features

Intended Audience
Trade
Dewey Edition
21
Reviews
"I only wish every nation shared Dr. Yunus's and the Grameen Bank's appreciation of the vital role that women play in the economic, social, and political life of our societies." -- Hillary Clinton, "Muhammad Yunus is a practical visionary who has improved the lives of millions of people in his native Bangladesh and elsewhere in the world. Banker to the Poor [is] well-reasoned yet passionate."-- Los Angeles Times, "I only wish every nation shared Dr. Yunus's and the Grameen Bank's appreciation of the vital role that women play in the economic, social, and political life of our societies."-- Hillary Clinton, "By giving poor people the power to help themselves, Dr. Yunus has offered them something far more valuable than a plate of food - security in its most fundamental form."-- President Jimmy Carter, "[Yunus's] ideas have already had a great impact on the Third World, and ... hearing his appeal for a 'poverty-free world' from the source itself can be as stirring as that all-American myth of bootstrap success."-- Washington Post, "A fascinating and compelling account by someone who decided to make a difference, and did."-- CHOICE
Dewey Decimal
332.1/095492
Synopsis
The "stirring" ( Washington Post ) story of how Nobel Prize winner Muhammad Yunus invented microcredit, founded the Grameen Bank, and transformed the fortunes of millions of poor people around the world In 1983, Muhammad Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with minuscule loans. Twenty-three years later they won the Nobel Prize for Peace for their work in eradicating poverty. This is an inspiring story of one man's realization that access to even a small amount of credit can transform the lives of the poorest citizens of the world. Yunus aimed to help the poor by supporting the spark of personal initiative and enterprise by which they could lift themselves out of poverty forever. It was an idea born on a day in 1976 when he loaned $27 from his own pocket to forty-two people living in a tiny village. These microentrepreneurs only needed enough credit to purchase the raw materials for their trade. Yunus's small loan helped them break the cycle of poverty for good. His solution to world poverty, founded on the belief that credit is a fundamental human right, is brilliantly simple: lend poor people money on terms that are suitable to them, teach them a few sound financial principles, and they will help themselves. Yunus's theories work. Grameen Bank has provided loans totaling six billion dollars to seven million families in rural Bangladesh. Today, more than 250 institutions in nearly 100 countries operate micro-credit programs based on the Grameen methodology, placing Grameen at the forefront of a burgeoning world movement toward eradicating poverty through micro-lending., The inspirational story of how Nobel Prize winner Muhammad Yunus invented microcredit, founded the Grameen Bank, and transformed the fortunes of millions of poor people around the world. Muhammad Yunus was a professor of economics in Bangladesh, who realized that the most impoverished members of his community were systematically neglected by the banking system -- no one would loan them any money. Yunus conceived of a new form of banking -- microcredit -- that would offer very small loans to the poorest people without collateral, and teach them how to manage and use their loans to create successful small businesses. He founded Grameen Bank based on the belief that credit is a basic human right, not the privilege of a fortunate few, and it now provides $24 billion of micro-loans to more than nine million families. Ninety-seven percent of its clients are women, and repayment rates are over 90 percent. Outside of Bangladesh, micro-lending programs inspired by Grameen have blossomed, and serve hundreds of millions of people around the world. The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is the moving story of someone who dreamed of changing the world -- and did., Winner of the 2006 Nobel Peace Prize This autobiography of the world-renowned, visionary economist who came up with a simple but revolutionary solution to end world poverty--micro-credit--has become the classic text for a growing movement
LC Classification Number
HG1552

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