Home » Banker To The Poor by Muhammad Yunus
Banker To The Poor Muhammad Yunus

Banker To The Poor

Muhammad Yunus

Published
ISBN : 9780143102915
Paperback
313 pages
Enter answer

 About the Book 

Its not people who arent credit-worthy. Its banks that arent people-worthy -Muhammad YunusMuhammad 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 wereMoreIts not people who arent credit-worthy. Its banks that arent people-worthy -Muhammad YunusMuhammad 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, Yunuss 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 Yunuss own enthralling story: of how Bangladeshs terrible 1974 famine underlined the need to enable its victims to grow more food- of overcoming scepticism in many governments and in traditional economic thinking- and of how micro-credit was extended into credit unions in the WestAbout The AuthorMuhammad Yunus was born in 1940 in Chittagong, now in Bangladesh. He was educated in Chittagong, was awarded a Fulbright Scholarship and received his PhD from Vanderbilt University, Tennessee.Professor Yunus led the worlds first Micro-Credit Summit in Washington, DC, in 1997, and was awarded the Nobel Peace Prize in 2006.