In 'Banker To The Poor', Nobel laureate Muhammad Yunus reveals his revolutionary idea of microcredit, which provides small loans to impoverished individuals, enabling them to create their own businesses and escape the cycle of poverty. The book chronicles Yunus's journey from a traditional economist to a social entrepreneur, highlighting personal stories of transformation and resilience. With compelling anecdotes and data, he challenges conventional banking practices and advocates for a new economic model focused on compassion and social impact. Readers are invited to witness the power of small investments and their potential to change lives. Prepare to be inspired by a vision that blends profit with purpose in the fight against poverty!
By Muhammad Yunus, Alan Jolis
Published: 2003
""We must choose between a culture of creativity and a culture of consumption. If we choose to create, we will find ourselves in a better place.""
The inspirational story of how Nobel Prize winner Muhammad Yunus invented microcredit, founded the Grameen Bank, and transformed the fortunes of millions of poor people around the world. Muhammad Yunus was a professor of economics in Bangladesh, who realized that the most impoverished members of his community were systematically neglected by the banking system -- no one would loan them any money. Yunus conceived of a new form of banking -- microcredit -- that would offer very small loans to the poorest people without collateral, and teach them how to manage and use their loans to create successful small businesses. He founded Grameen Bank based on the belief that credit is a basic human right, not the privilege of a fortunate few, and it now provides $24 billion of micro-loans to more than nine million families. Ninety-seven percent of its clients are women, and repayment rates are over 90 percent. Outside of Bangladesh, micro-lending programs inspired by Grameen have blossomed, and serve hundreds of millions of people around the world. The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is the moving story of someone who dreamed of changing the world -- and did.
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“"We must choose between a culture of creativity and a culture of consumption. If we choose to create, we will find ourselves in a better place."”
Banker To The Poor
By Muhammad Yunus, Alan Jolis
Discover a world of knowledge through our extensive collection of book summaries.
Muhammad Yunus is a Bangladeshi social entrepreneur, economist, and author, best known for his pioneering work in microfinance and microcredit. He was awarded the Nobel Peace Prize in 2006 for his efforts to create economic and social development from below. His notable works include 'Banker to the Poor' and 'Creating a World Without Poverty,' where he articulates his vision of using business as a means to address social issues. Yunus's writing style is characterized by clarity and a compelling narrative, combining practical insights with a strong moral conviction in the fight against poverty.
Alan Jolis is an acclaimed author known for his evocative storytelling and richly developed characters. He has penned several notable works, including 'The Echo of Shadows,' 'Whispers in the Wind,' and 'The Last Light,' which have garnered both critical and popular acclaim. Jolis's writing style blends lyrical prose with a deep emotional resonance, often exploring themes of identity, loss, and the intricacies of human relationships. His unique voice and ability to weave poignant narratives have established him as a significant figure in contemporary literature.
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