Banker To The Poor: Micro-Lending and the Battle Against World Poverty PDF
Preview Banker To The Poor: Micro-Lending and the Battle Against World Poverty
Banker Poor TO THE NEW TORK TIMES BESTSELLER MUHAMMAD YUNUS Praise for Banker To The Poor "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." —The Washington Post "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 Rodham Clinton "The [Grameen Bank] has become a mecca for development economists and is being copied around the world." —The Economist "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 "Microcredit has proved its worth among the poorest." —The International Herald Tribune "Yunus shows that micro-lending can be much more effective than unwieldy and expensive aid programs." —Publishers Weekly "Banker To The Poor offers a challenging look at the way we reinforce poverty —offering welfare instead of encouraging self-sufficiency, only offering loans to candidates with a 'safe' risk factor (what Yunus calls a 'financial apartheid'), believing that the poor lack skills and can only be worthwhile contributors to the economy after extensive training. Yunus lays out a convincing argument for the need to nourish and better understand the 'people's economy'. . .. A hopeful and inspiring read, even for those who, like me, have little prior knowledge or understanding of financing and credit loans." —Vision Magazine "An inspiring memoir of the birth of microcredit, written in a conversational tone that makes it both moving and enjoyable to read." —Election2004.com "Fascinating." —Hungry Mind Review "A fascinating and compelling account by someone who decided to make a difference, and did." —Choice Muhammad Yunus BANKER TO THE POOR Micro-Lending and the Battle Against World Poverty WITH ALAN JOLIS Acknowledgments For their assistance in the preparation of this edition of the book, I would like to acknowledge Alex Counts, President of Grameen Foundation USA, Kate Darnton of PublicAffairs, and for his generous support, George Stephanopoulos. Copyright © 1999, 2003, 2007 by Muhammad Yunus. Published in the United States by PublicAffairs™, a member of the Perseus Books Group. All rights reserved. No part of this book may be reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in critical articles and reviews. For information, address PublicAffairs, 250 West 57th Street, Suite 1321, New York, NY 10107. PublicAffairs books are available at special discounts for bulk purchases in the U.S. by corporations, institutions, and other organizations. For more information, please contact the Special Markets Department at the Perseus Books Group, 2300 Chestnut Street, Suite 200, Philadelphia, PA 19103, call (800) 255-1514, or email [email protected]. Library of Congress Cataloging-in-Publication Data Yunus, Muhammad, 1940— Banker To The Poor: micro-lending and the battle against world poverty / Muhammad Yunus with Alan Jolis. p. cm. Originally published: © JC Lattès 1997. ISBN: 978-1-58648-546-7 1. Grameen Bank—History. 2. Yunus, Muhammad. 1940–. 3. Economists— Bangladesh— Biography. 4. Rural poor—Bangladesh—History. 5. Microfinance —Bangladesh—History. I. Jolis, Alan. II. Title. HG3290.6.A6Y86 1999 332. '1095492—dc21 99-13535 CIP CONTENTS Introduction 1. Number 20 Boxirhat Road, Chittagong 2. A Bengali in America 3. Back in Chittagong 4. The Stool Makers of Jobra Village 5. A Pilot Project Is Born 6. Expanding Beyond Jobra into Tangail 7. A Bank for the Poor Is Born 8. Growth and Challenges for the Bank for the Poor, 1984–1990 9. Applications in Other Poor Countries 10. Applications in the United States and Other Wealthy Countries 11. Grameen in the Nineties 12. Beyond Micro-credit:A New World of Grameen Enterprises 13. Grameen Bank II 14. The Future A Preview of Creating a World Without Poverty For Further Information
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