banker to the poor review

They worked all day long, doing complex physical tasks. by PublicAffairs, Banker to the Poor: Micro-Lending and the Battle Against World Poverty. Every December, as we wrap up our annual Goodreads Reading Challenge, we ask our book-loving colleagues a simple yet incredibly tough... Muhammad Yunus is that rare thing: a bona fide visionary. I found it really inspiring and engaging. This book provides a real-life example of how one man's wish to lift the poorest out of the poverty and that too, not by doing something. 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. But charity is no solution to poverty. A bank based on trust. Full Review (618 words). Yunus resigned his job in USA and went to Bangladesh in 1972 with lot of idealism and hope. Disabling it will result in some disabled or missing features. Banker to the Poor book. Highly recommended! I read all of Muhammad Yunis's books- this one was the most enjoyable. This book review of ” Banker to the Poor: Mirco-lending and the Battle Against World Poverty” by Muhammad Yunus entails the focus of making micro loans specifically to rural women and the kind of leadership trait he used and why. In fact I hope I never stop thinking about it and the issues it opened up. A bank that refused donor funds because they didnt need it anymore. What if it really just starts with, say, $27? I thought the book was fairly well written, and the message was very inspiring. If most of us were asked to name the person most famous for helping the poor people of the Indian subcontinent, we would probably reply Mahatma Gandhi; but if you walked into many a village in Bangladesh today and asked the same question, the answer would be Muhammed Yunus, founder of the Grameen Bank...continued. . Dr. … Summary: Yunus' personal account of developing micro-lending and the Grameen Bank to help lift the rural poor out of poverty by providing the small loans they needed to develop their own small businesses. ABBYY GZ download. But he is also aware that the success of his experiments have been aided by his being elite. Yunus started by handing out loans to the poorest because according to him, the term poor is vague and often overused. To see what your friends thought of this book. Reviewed in the United States on November 3, 2017. I was really surprised by how interesting it was, I was afraid it would be a little dry but that wasn't true at all. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Banker to the Poor is his autobiography. A single passionate idea can change the world. And like all pioneers his success comes from questioning the absolute fundamentals- why need collateral for credit? Muhammad Yunus is that rare thing: a bona fide visionary. Robert H. Scott, III. What I loved about this was Yunus’ faith in humanity; his drive to make a difference because people are capable - they just need access to resources. We’d love your help. Really interesting book overall. So. I would recommend the book to anyone who wish for a poverty-free world. Muhammad Yunus left his life in America in the 1970s and moved to Bangladesh and set a model of how poverty can be lifted through free market banking initiative called Grameen Bank. Reviewed in the United States on October 8, 2015. What I loved about this was Yunus faith in humanity; his drive to make a difference because people are capable - they just need access to resources. He could open eyes of bankers who stick with the idea that lending could happend only when collateral is secured. ‘Banker To The Poor’ is the story of Grameen Bank; written by its founder, Muhammad Yunus. In a year like this (2020) we´ve had a perfect example of why social businesses are vital for our society and our future. Not a single chapter or a page in the book is without meaning. This book provides a real-life example of how one man's wish to lift the poorest out of the poverty and that too, not by doing something for them but rather making it possible for them to do something for themselves, can change lives of so many people. We get a few nuggets: one key innovation appears to be giving loans to small groups of borrowers, who essentially monitor each other. Can’t recommend the book enough. How in the world can you criticize someone like that? Charity allows us to go ahead with our own lives without worrying about the lives of the poor. For me, this is a book more about courage and determination than on economics or microfinance. One School at a Time. I didnt agree with some of his views on governments not funding public goods, but definitely worth the read and I look forward to. I LOVED THIS BOOK -- six stars. This book really did make me want to change my life, it gave me a lot to think about that I'm still working with. Post liberation, Bangladesh was a shattered country with extreme poverty. Professor Yunus chose to think from the box. And like all pioneers his success comes from questioning the absolute fundamentals- why need collateral for credit? Charity appeases our consciences.”, “People.. were poor not because they were stupid or lazy. It was nice to see how much good this company brought into the world. An eye opener on schemes for poverty reduction, Government thinking and mentality of funding organisations. I’m blown away by the work Yunus has done with Grameen. Dr. Yunus is also the founder of Grameen Bank. The premise of this book seemed too good to be true. This is an autobiography of a great man Mohammed Yunus who is also a recipient of Nobel Peace Prize. Book Review: Banker to the Poor: Micro-Lending and the Battle against World Poverty. What if it really just starts with, say, $27? Dr. Yunus is one of the founding members of, “When we want to help the poor, we usually offer them charity. Highly recommended. On the same lines of thoughts, he founded Grameen Bank. Dispels myths on poor , an eye opener on social business . He has developed an enormously exciting new model for economic and social empowerment. Whether you've loved the book or not, if you give your honest and detailed thoughts then people will find new books that are right for them. ), but the message shone through well enough. A bank focused on serving women in a country rampant with gender inequality. Grameen Bank, based on the belief that credit is a basic human right, not the privilege. 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