Banker to the Poor: Micro-Lending and the Battle Against World Poverty
Anyways, me and Mr. Yunus are best friends because once he spoke at the library in Salt Lake City, and when I heard about it I drove down and sat shyly on the back row of the auditorium and clapped really hard for him. Then after it was all over, I saw him just kind of hanging out all alone on the stage, and thought, "Maybe I could go and meet him and we could be best friends!" So ...more
Mohammad Yunus, a Bengali Economics professor has the exact same feeling when he realizes his lectures are a world away from the poverty of Bangl ...more
Really cool book. Yunus won the 2006 Nobel Peace Prize for his decades of work. He is an academic who roles up his sleeves and produces something practical. His book should be embraced by Christians, conservatives, liberals, libertarians, and Dave Ramsey.
The importance of open access to resources is indispensable. Hence, I agree with Muhammad Yunus that the current financial system has inevitably, and is successful in sidelining the neediest, which eventually gives birth to the need to establish alternative institutions that work on social benefits as the underlying ...more
कौन कहता है आसमां में सुराख नहीं हो सकता,
एक पत्थर तो तबियत से उछालो यारों
Amidst his disastrous campaign that for the 2014 Lok Sabha campaign Rahul Gandhi said something profound amidst all the nonsense :-
"A rising tide raises all boats, but you need a boat to rise with the tide. What does he who does not have a boat do ?"
This is the story of Nobel Laureate Yunus's Grameen Bank. The Grameen bank provides collateral-free loans to those wh ...more
Yunus is an extremely inspiring person and he points out the importance of helping others and the possibility of making a living off of it.
His take on enterpreneuship is really interesting and he´s truly a role model for the next generation of enterpreneurs that want to make a positive impact in the world.
"As we look into the future, Leaders will be those that empower others. ...more
This weekend I attended the Bottom Billions | Bottom Line Conference hosted by Seattle Pacific University’s Center for Integrity in Business. The event served as a convergence zone between business, nonprofit organizations, and the academy seeking to better understand ways that business can help alleviate world poverty.
Of the many interesting subjects discussed at the conference, the topic of microfinance seemed to continuously echo through my head. For those unfamiliar w ...more
Just an amazing story, how an economics professor from Bangladesh, trained in the U.S., goes back to his country to do "nation-building" and finds enormous untapped potential among the poor. Harnesses a stripped-down, modified version of traditional banking to start a bank that eventually gains a client base of over 2 million people. That's nuts! How do you start anything that big? One person at a time, apparently - that's how he did it. At a certain point the book stops being a life story and s ...more
A book like this should be read by everyone. I believe, they should put this in school curriculum so as to teach kids about - social-conciousness as a motivational force. As kids, we once always dream about growing up and changing the world for better. Unfortunately, so called practicality and rationality makes us leave all such thoughts and work for ourselves.
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...more
This book does not offer specific and in-depth explanations on the mechanisms of microcredit, nor does it provide a comprehensive analysis of its negative aspects. It is rather focused on its positive outcomes, and, more specifically, ...more
Forget theories, classrooms, and endless postulating. Acting on a desire to help others will go so much further than all of aggrandized theories and reticent intentions.
Muhammad Yunus changed the world with a simple idea spurned from his moral sense.
Simple goodwill is undervalued.
This is a story of a miraculous work done by Dr Yunus for the upliftment of downtrodden Bangladeshis through his exceptionally creative Grameen Bank which was a path breaking experiment.
The book also gives glimpses of the contemporary rural society of Bangladesh.
The heck is happening? The answer to end poverty for the poor is here (poor people here means those in an inescapable cycle of debt only to have their mouths feed everyday. Needless to say, they dont want to be a burden on the gvm's budget and our tax money).
People in this book, in Bangladesh, are darn poor. Poverty ...more
Second thing i liked in this book is the unapologetic nature of the author in criticizing academicians. Yes, academicians should be able to offer critique on the policies based o ...more
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