Banker to the Poor Micro Lending and the Battle Against World Poverty review Ò eBook or Kindle ePUB


read Banker to the Poor Micro Lending and the Battle Against World Poverty

Banker to the Poor Micro Lending and the Battle Against World Poverty

Programs inspired by Grameen are blossoming with 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 visi Highly recommended A true must read book

read & download Í eBook or Kindle ePUB Û Muhammad Yunus

T 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 Muhammad Yunus was born in Bangladesh and earned his PhD in economics in the United States at Vanderbilt University where he was deeply influenced by the civil rights movement He still lives in Bangladesh and travels widely around the world on behalf of Grameen Bank and the concept of micro credit I read a 20 pages report written by a group of MBA students from Columbia Business School and it was as concise succinctly put as this 200 pages book on Grameen Bankmicrocredit 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 guidance in providing their services to the people The establishment of the bank and many other replicators might seem to be successful in helping these people to break the poverty cycle however exploitative forces still persist within the parameter Labeling these people as the untapped resources and knowing how profitable they all are once tapped lure the profiteers in Conseuently from this we can see that the establishment itself has become counterproductive not all however It makes me think and feel extremely appalled by the greediness and the very fact on how destructive human beings can actually be Besides I too agree with the fact that Grameen Bank might be one of the solutions to poverty not THE ultimate solution for it taking into account that it could not make a dent on the national or even worldwide poverty crisis despite the fact that the program has a widespread reach Though it is noble in its very own values I was disappointed with the insufficient details from the borrowers’ accounts on how microcredit has served and helped them to combat poverty The mere statistically glorious achievements attained by Grameen Bank –with 90% repayment rate XX% borrowers managed to cross over the poverty line and whatnots – fail to uench the thirst I have in knowing what does microcredit really mean to the impoverished Yunus stated that everybody should be seen as potential entrepreneurs and access to credit is vital for the people to realize this Yet I hardly can see how successful the poor people are in transforming themselves from nobodies into entrepreneurs thanks to the painfully brief ‘victorious’ stories written by Yunus I was itching with curiosity to know the real detailed stories from these people’s perspectives How do they make do with the microcredit being lent to them? What lead them to engage in the business that they are doing? Is training really not necessary for these people? Besides there are things that Yunus had failed to mention in this book and one of those was the reasoning behind the creation of Grameen bank II which I had come to know when I read the report I mention above –the operational crisis due to the 1995 boycott movement 1998 floods and moral hazard that the classic Grameen model had inflicted upon the borrowers In regard to this I think that this book has been sugarcoated with unaddressed crises and issues deepen my doubt about how successful Grameen Bank is beyond the statistical measures on social ground that is Longman Introductory Course for the TOEFL Test reading for anyone interested in economics public policy philanthropy social history and business Muhammad Yunus was born in Bangladesh and earned his PhD in economics in the United States at Vanderbilt University where he was deeply influenced by the civil Mustard Seed Magic rights movement He still lives in Bangladesh and travels widely around the world on behalf of Grameen Bank and the concept of micro credit I Sekrety ewolucji, kochania i swawolenia read a 20 pages Devils Gate report written by a group of MBA students from Columbia Business School and it was as concise succinctly put as this 200 pages book on Grameen Bankmicrocredit The importance of open access to Die ewigen Toten (David Hunter, Band 6) 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 guidance in providing their services to the people The establishment of the bank and many other Jane Goodalls Animal World replicators might seem to be successful in helping these people to break the poverty cycle however exploitative forces still persist within the parameter Labeling these people as the untapped The Old Myers Place (Halloween, resources and knowing how profitable they all are once tapped lure the profiteers in Conseuently from this we can see that the establishment itself has become counterproductive not all however It makes me think and feel extremely appalled by the greediness and the very fact on how destructive human beings can actually be Besides I too agree with the fact that Grameen Bank might be one of the solutions to poverty not THE ultimate solution for it taking into account that it could not make a dent on the national or even worldwide poverty crisis despite the fact that the program has a widespread Portfolio Management Formula: Mathematical Trading Methods for the Futures, Options and Stock Markets reach Though it is noble in its very own values I was disappointed with the insufficient details from the borrowers’ accounts on how microcredit has served and helped them to combat poverty The mere statistically glorious achievements attained by Grameen Bank –with 90% I Survived Swiss Boarding Schools repayment Leftover Dead (Trailer Park Mystery, rate XX% borrowers managed to cross over the poverty line and whatnots – fail to uench the thirst I have in knowing what does microcredit Witcheskin really mean to the impoverished Yunus stated that everybody should be seen as potential entrepreneurs and access to credit is vital for the people to The Witches realize this Yet I hardly can see how successful the poor people are in transforming themselves from nobodies into entrepreneurs thanks to the painfully brief ‘victorious’ stories written by Yunus I was itching with curiosity to know the A Year in the Merde real detailed stories from these people’s perspectives How do they make do with the microcredit being lent to them? What lead them to engage in the business that they are doing? Is training Jack Glass really not necessary for these people? Besides there are things that Yunus had failed to mention in this book and one of those was the Splinter reasoning behind the creation of Grameen bank II which I had come to know when I Gilchrist: A Novel read the Wired for Culture report I mention above –the operational crisis due to the 1995 boycott movement 1998 floods and moral hazard that the classic Grameen model had inflicted upon the borrowers In Archangels War (Guild Hunter, regard to this I think that this book has been sugarcoated with unaddressed crises and issues deepen my doubt about how successful Grameen Bank is beyond the statistical measures on social ground that is

Muhammad Yunus Û 3 review

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 25 billion dollars of micro loans to 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 While building my schedule for next year my goal was to take as few economics courses as possible After a year of studying economics I can't help but feel that economic theories are far from real life problems and yeah okay I know that real life economics is different from what we study in uni but still Economics seems miles away from real life Mohammad Yunus a Bengali Economics professor has the exact same feeling when he realizes his lectures are a world away from the poverty of Bangladesh He walks around a village near his university and sees that the poor people of the village work incredibly hard and yet remain poor due to their dependence on others Many of them are stuck in a poverty trap He realizes that their lack of capital stops them from being able to earn money and leave poverty And so Yunus decides to create a bank that focuses on lending money to the poor The idea is that through a relatively small amount of money poor people can use their existing skills and break out of the poverty trap With some capital they can begin a business and start earning money independently This was an eye opening book for me We read Elizabeth Anderson's work this year and discussed the way huge capitalist firms aren't liberal When Adam Smith was writing about that pin factory he wasn't talking about or Google However he very much was talking about a Bengali woman making fabric By giving these people a loan Yunus effectively liberates them It's totally the division of labor the professional specialization that Adam Smith speaks of And it's fascinating because who would have thought the answer to poverty could be everyone should be a freelancer I'm used to thinking about self employment as a risky move that can leave you in a very shaky financial situation but Yunus shows that for the poor of Bangladesh and other places self employment allows them to use their skills and potential in the best way It also brings a uestion to the table Elizabeth Anderson writes about the process that the West went through in order to switch from small scale liberalism to large scale capitalism If Yunus' bank continues will the same happen in Bangladesh? Is large scale capitalism a natural continuation of a business? A Bengali woman opens a fabric store if she's successful she will have to hire people and well with enough luck she'll become a massive business Is this what we want? The alternative of working for someone like that also isn't great as Elizabeth Anderson shows are these our only options? When alleviating poverty are we trying to replicate the success of the West or is there room to consider alternative economic systems? There's a moment where Yunus says economics sees the world as employees and employers but simply ignores the self employed This is a problem because places like Bangladesh actually have a lot of poor people who are self employed but lack capital to truly make a decent profit This was another one of those aha moments because our economics focus is so Western We can't take a theory that works mathematically and attempt to force it onto countries if they don't have the same premises at play Our solutions have to fit the problems As a Bengali economist Yunus is able to make them fit Yunus heavily criticizes programs that attempt to teach the poor new skills He claims the poor already have all they need in order to succeed They don't need handouts or long training sessions By giving them a loan they are held accountable It's not charity they have a stake in returning it This keeps their dignity and allows them to succeed on their own terms I loved how Yunus describes the importance of organizations that are both for profit and for social improvement The finance world needs to make room for social enterprises that manage to make a profit but also change the world for the better It's both This is something I'd like to remember next year when I start studying Business  Man there's so much that I found inspirational in this book Yunus' bank was a grassroots initiative Yunus and his team of students built this alone Unlike banks chasing for money Yunus focused on creating a community My bank hasn't communicated with me in months but here's Yunus and his committed team helping their loaners with everything from education to life skills I loved hearing how this idea worked in Western countries as well Hearing about the application of it in the USA and in Norway was especially interesting To conclude I'm still going to avoid Econ courses but I've definitely been bitter about Econ than it deserves I want to take these ideas with me because it's just so cool that this bank built a bridge between economic theory and economic practice that Yunus managed to make banking sound interesting  What I'm Taking With Me My mental image of banking is pretty much Mary Poppins so I might be wrong about it Yunus seems like such a nice guy I'm so glad this is working and I hope he continues to make the world a better place I loved learning how they dealt with religious leaders during the establishment of the banks and how the focus is on women Like heck yeah it's really changing the entire society Next year when I'll be staring at graphs and crying I want to remember that economics really can make people's lives better  Can we all be entrepreneurs? What if some people are just bad at managing a business? Is a loan even a small one helpful for everyone?  “Economics must show that a market economy does not necessarily have to be a playground for bloodthirsty capitalists; it can be a challenging field for all good people who want to pilot the world in the right direction”This book just singlehandedly renewed my faith in economics Review to come


10 thoughts on “Banker to the Poor Micro Lending and the Battle Against World Poverty

  1. says:

    Muhammad Yunus and I are best friends Oops I had to double check and I'd spelled Muhammad wrong Sorry buddyAnyways 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 I went down and said Mr Muhammad Yunus I just think you are the greatest guy in the whole world and I love you Then he goes Oh thank you and he HUGS ME I have hugged Mr Yunus Or I guess he has hugged me That's why we are best friendsThen like the next day or maybe the same day I went to the Stadium of Fire in Provo UT and he was one of the honored people of the Freedom Festival and got an award on stage in front of millions or thousands of people And I yelled Hey buddy and he waved in my general direction That's the story of our friendshipSo anyways the reason why he is so cool is this he is the guy who started the whole idea of micro credit where he would give very small loans like 2 to poor women who would then start their own business rise above generations and generations of poverty and save the world He set up the most amazing programs with groups of women and has the highest repayment percentage in like the entire world His program grows and grows and grows and helps woman and families all over the place When the LDS church started up the Perpetual Education Fund I thought HEY That's totally just like Muhammad's idea Maybe President Hinckley read his book tooOh and it all started in his native Bangladesh There is some website where you can do micro loans with your own money My sister sent it to me once after I made her read this book I invited her to see Muhammad Yunus in SLC but she declined and so she is not his friend But she might have that website stillBanker to the Poor is a cool book Read it


  2. says:

    After finishing this book I wanted to shout Yeah Preach it brother 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


  3. says:

    While building my schedule for next year my goal was to take as few economics courses as possible After a year of studying economics I can't help but feel that economic theories are far from real life problems and yeah okay I know that real life economics is different from what we study in uni but still Economics seems miles away from real life Mohammad Yunus a Bengali Economics professor has the exact same feeling when he realizes his lectures are a world away from the poverty of Bangladesh He walks around a village near his university and sees that the poor people of the village work incredibly hard and yet remain poor due to their dependence on others Many of them are stuck in a poverty trap He realizes that their lack of capital stops them from being able to earn money and leave poverty And so Yunus decides to create a bank that focuses on lending money to the poor The idea is that through a relatively small amount of money poor people can use their existing skills and break out of the poverty trap With some capital they can begin a business and start earning money independently This was an eye opening book for me We read Elizabeth Anderson's work this year and discussed the way huge capitalist firms aren't liberal When Adam Smith was writing about that pin factory he wasn't talking about or Google However he very much was talking about a Bengali woman making fabric By giving these people a loan Yunus effectively liberates them It's totally the division of labor the professional specialization that Adam Smith speaks of And it's fascinating because who would have thought the answer to poverty could be everyone should be a freelancer I'm used to thinking about self employment as a risky move that can leave you in a very shaky financial situation but Yunus shows that for the poor of Bangladesh and other places self employment allows them to use their skills and potential in the best way It also brings a uestion to the table Elizabeth Anderson writes about the process that the West went through in order to switch from small scale liberalism to large scale capitalism If Yunus' bank continues will the same happen in Bangladesh? Is large scale capitalism a natural continuation of a business? A Bengali woman opens a fabric store if she's successful she will have to hire people and well with enough luck she'll become a massive business Is this what we want? The alternative of working for someone like that also isn't great as Elizabeth Anderson shows are these our only options? When alleviating poverty are we trying to replicate the success of the West or is there room to consider alternative economic systems? There's a moment where Yunus says economics sees the world as employees and employers but simply ignores the self employed This is a problem because places like Bangladesh actually have a lot of poor people who are self employed but lack capital to truly make a decent profit This was another one of those aha moments because our economics focus is so Western We can't take a theory that works mathematically and attempt to force it onto countries if they don't have the same premises at play Our solutions have to fit the problems As a Bengali economist Yunus is able to make them fit Yunus heavily criticizes programs that attempt to teach the poor new skills He claims the poor already have all they need in order to succeed They don't need handouts or long training sessions By giving them a loan they are held accountable It's not charity they have a stake in returning it This keeps their dignity and allows them to succeed on their own terms I loved how Yunus describes the importance of organizations that are both for profit and for social improvement The finance world needs to make room for social enterprises that manage to make a profit but also change the world for the better It's both This is something I'd like to remember next year when I start studying Business  Man there's so much that I found inspirational in this book Yunus' bank was a grassroots initiative Yunus and his team of students built this alone Unlike banks chasing for money Yunus focused on creating a community My bank hasn't communicated with me in months but here's Yunus and his committed team helping their loaners with everything from education to life skills I loved hearing how this idea worked in Western countries as well Hearing about the application of it in the USA and in Norway was especially interesting To conclude I'm still going to avoid Econ courses but I've definitely been bitter about Econ than it deserves I want to take these ideas with me because it's just so cool that this bank built a bridge between economic theory and economic practice that Yunus managed to make banking sound interesting  What I'm Taking With Me My mental image of banking is pretty much Mary Poppins so I might be wrong about it Yunus seems like such a nice guy I'm so glad this is working and I hope he continues to make the world a better place I loved learning how they dealt with religious leaders during the establishment of the banks and how the focus is on women Like heck yeah it's really changing the entire society Next year when I'll be staring at graphs and crying I want to remember that economics really can make people's lives better  Can we all be entrepreneurs? What if some people are just bad at managing a business? Is a loan even a small one helpful for everyone?  “Economics must show that a market economy does not necessarily have to be a playground for bloodthirsty capitalists; it can be a challenging field for all good people who want to pilot the world in the right direction”This book just singlehandedly renewed my faith in economics Review to come


  4. says:

    Truly an amazing book I highly recommend this to anyone interested in development poverty or those wanting to learn about micro lending He is truly an incredible man with a heart of infinite passion and hope This book will stay in memory for uite some time


  5. says:

    Highly recommended A true must read book


  6. says:

    This book provides an informative overview of Grameen Bank and micro lending but I think that its argument in favor of micro lending would be stronger if Yunus spent time addressing the arguments of critics Although some criticisms are mentioned briefly Yunus brushes them off uickly As one example I think that Yunus far too uickly rejects the arguments that poor people living in the developed world would not benefit from micro lending in the same ways as the poor of Bangladesh I think that he seriously underestimates the different attitudes that poor Westerners have especially in light of the fact that their poverty is generally much less extreme Moreover unlike the rural Bangladeshi poor who tend to have skills like basket weaving I am uncertain that the average poor American would have marketable skills that could be translated into income opportunitiesThis book has a tendency to be preachy and in my view becomes a little boring at times Still it is accessible and readable than I would expect for a book about an economic idea I think that Yunus' notion that worldwide poverty can be entirely eradicated through micro lending is way off base If mciro lending is the means to end poverty why does Bangladesh remain one of the poorest countries in the world? Yunus' idea that micro lending could completely supplant the need for any safety net including for health care is in my view harmful and should properly be viewed as an ideology of the far right


  7. says:

    I read a 20 pages report written by a group of MBA students from Columbia Business School and it was as concise succinctly put as this 200 pages book on Grameen Bankmicrocredit 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 guidance in providing their services to the people The establishment of the bank and many other replicators might seem to be successful in helping these people to break the poverty cycle however exploitative forces still persist within the parameter Labeling these people as the untapped resources and knowing how profitable they all are once tapped lure the profiteers in Conseuently from this we can see that the establishment itself has become counterproductive not all however It makes me think and feel extremely appalled by the greediness and the very fact on how destructive human beings can actually be Besides I too agree with the fact that Grameen Bank might be one of the solutions to poverty not THE ultimate solution for it taking into account that it could not make a dent on the national or even worldwide poverty crisis despite the fact that the program has a widespread reach Though it is noble in its very own values I was disappointed with the insufficient details from the borrowers’ accounts on how microcredit has served and helped them to combat poverty The mere statistically glorious achievements attained by Grameen Bank –with 90% repayment rate XX% borrowers managed to cross over the poverty line and whatnots – fail to uench the thirst I have in knowing what does microcredit really mean to the impoverished Yunus stated that everybody should be seen as potential entrepreneurs and access to credit is vital for the people to realize this Yet I hardly can see how successful the poor people are in transforming themselves from nobodies into entrepreneurs thanks to the painfully brief ‘victorious’ stories written by Yunus I was itching with curiosity to know the real detailed stories from these people’s perspectives How do they make do with the microcredit being lent to them? What lead them to engage in the business that they are doing? Is training really not necessary for these people? Besides there are things that Yunus had failed to mention in this book and one of those was the reasoning behind the creation of Grameen bank II which I had come to know when I read the report I mention above –the operational crisis due to the 1995 boycott movement 1998 floods and moral hazard that the classic Grameen model had inflicted upon the borrowers In regard to this I think that this book has been sugarcoated with unaddressed crises and issues deepen my doubt about how successful Grameen Bank is beyond the statistical measures on social ground that is


  8. says:

    Dr Yunus could prove it is possible to lift the poorest out of poverty He could open eyes of bankers who stick with the idea that lending could happend only when collateral is secured His experience ilustrates the private sector is not only for the greedy but also for social minded individuals I would recommend the book to anyone who wish for a poverty free world


  9. says:

    This book has much in common with Three Cups of Tea One Man's Mission to Promote Peace One School at a Time In it Mohammad Yunus seeks to alleviate poverty one person at a time with micro loans It's a fascinating look at how the system works and the enterprise's founding and history were eually absorbing Like Three Cups of Tea however the writing is just so so Yunus comes across as a bit self righteous and a bit pedantic and the writing at times is repetitive Overall it's an interesting and valuable book though and I was very glad that I'd read it


  10. says:

    355 What an uplifting story Hats off to Muhammad Yunusकौन कहता है आसमां में सुराख नहीं हो सकता एक पत्थर तो तबियत से उछालो यारोंAmidst 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 who do not have a boat and who seem to be bound to a life of virtual slavery It has perfected micro credit by which it is sustainable recovery rate of 98% and doesnt depend on grants and charity It has also pulled millions of people out of abject poverty by giving them the means to be self employed And it has also inspired many others in other countries to follow its model which have been largely successful tooHaving said that I think Yunus over rates self employment like Mahatma Gandhi and our own MNREGA devised by Congress led UPA It can pull people out of poverty but it is not the complete solution for prosperity Also hard to concur with his views that state should step out of health and education and encourage social entrepreneurship Or that population growthdensity in Bangladesh and some other parts of the world is not a problem worth focusing onWill be reading on the subject by Jeffrey Sach and others


Leave a Reply

Your email address will not be published. Required fields are marked *