Banker to the Poor: Micro-Lending and the Battle Against World Poverty
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Winner of the 2006 Nobel Peace PrizeThis 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
Muhammad Yunus is that rare thing: a bona
fide visionary. His dream is the total eradication of poverty from the
world. In 1983, against the advice of banking and government officials,
Yunus established Grameen, a bank devoted to providing the poorest of
Bangladesh with minuscule loans. Grameen Bank, based on the belief that
credit is a basic human right, not the privilege of a fortunate few,
now provides over 2.5 billion dollars of micro-loans to more than two
million families in rural Bangladesh. Ninety-four percent of Yunus's
clients are women, and repayment rates are near 100 percent. Around the
world, micro-lending programs inspired by Grameen are blossoming, with
more than three hundred programs established in the United States
alone.
Banker to the Poor is Muhammad Yunus's memoir of how he decided
to change his life in order to help the world's poor. In it he traces
the intellectual and spiritual journey that led him to fundamentally
rethink the economic relationship between rich and poor, and the
challenges he and his colleagues faced in founding Grameen. He also
provides wise, hopeful guidance for anyone who would like to join him
in "putting homelessness and destitution in a museum so that one day
our children will visit it and ask how we could have allowed such a
terrible thing to go on for so long." The definitive history of
micro-credit direct from the man that conceived of it, Banker to the
Poor is necessary and inspirational reading for anyone interested in
economics, public policy, philanthropy, social history, and business.
For more information go to the publisher's website.

