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Banker To The Poor: Micro-Lending and the Battle Against World Poverty Paperback – Oct 16 2003

4.4 out of 5 stars 5 customer reviews

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Product Details

  • Paperback: 312 pages
  • Publisher: PublicAffairs; Later Printing edition (Oct. 16 2003)
  • Language: English
  • ISBN-10: 1586481983
  • ISBN-13: 978-1586481988
  • Product Dimensions: 14.2 x 1.8 x 21.1 cm
  • Shipping Weight: 472 g
  • Average Customer Review: 4.4 out of 5 stars 5 customer reviews
  • Amazon Bestsellers Rank: #85,288 in Books (See Top 100 in Books)
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Product Description

Review

"ÝYunus'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."

About the Author

Muhammad Yunus was born in 1940 in Chittagong, a seaport in Bangladesh. The third of fourteen children, five of whom died in infancy, he was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. In 1972 he became the head of the economics department at Chittagong University. He is the founder and managing director of the Grameen Bank.


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Chittagong, the largest port in Bangladesh, is a commercial city of 3 million people. Read the first page
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Top Customer Reviews

Format: Paperback
The story of the Grameen bank is an excellent example of how social change initiatives can be combined with government and private industry support to acheive a greater outcome than the organization could acheive by itself. Yunus provides an excellent chronicle of his bank's formation as well as explaining its principles. Highly recommended for anyone interested in social entrepreneurship or social change. The only shortcomings are: 1) as a finance person, I would like to have read more about the operational side of the banks relative to their commercial competitors - what specific factors enabled them to be so successful (other than the broad social factors he identifies)? 2) Need more information about how these types of programs can be applied to industrialized nations such as the US.
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Format: Paperback
I can only agree with the other reviews of this book, but I would like to add that anyone who appreciates what Yunus has done might also read 'The Mystery of Capitalism' by Hernando de Soto. Both de Soto and Yunus underline the importance of using market-based mechanisms to alleviate poverty at the grass-roots level (de Soto suggests giving squatters and illegal workers legal title to the land they occupy and the goods they have so they can use them as collateral to raise capital and receive infrastructure). P.J. O'Rourke makes the same point in several places, but he is writing from a quasi-comedic point of view.
If the past 25 years of history has been about anything, it is about the bankruptcy of the command economy. Warts and all, market-based solutions are the only way forward. The ideas of Yunus and de Soto are, above all, practical - which is probably why policymakers will overlook them in favour of big-money projects, grand pronouncements, and other things that don't work.
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Format: Paperback
In 1983 Yunus established a bank devoted to providing the poorest of Bangladesh with small loans, aiming to help the poor by supporting them with his own enterprise. Yunus' small loans paid off big time, and this provides a review of his theories of small loan impacts on the lives of third world peoples. An intriguing, important guide packed with ramifications for all.
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Format: Paperback
Mohammad Yunus story is truly inspiring.
Makes you question the rules of capitalism.
Writing style makes it very interesting to read.
I am glad I read ths book.
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Format: Kindle Edition Verified Purchase
An eye opener
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