What will you learn from this book
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Origins of Grameen Bank: Understanding the genesis and founding principles of Grameen Bank, including the vision of Muhammad Yunus to provide financial services to the poor.
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Microfinance Revolution: Insights into the microfinance revolution and how Grameen Bank pioneered the concept of providing small loans to impoverished individuals as a means to empower them economically.
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Social Business Model: Learning about Muhammad Yunus's concept of social business and how Grameen Bank operates as a non-profit institution with a focus on social impact.
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Women Empowerment: The book may highlight the emphasis on women as key beneficiaries of microfinance, exploring how empowering women economically can lead to broader societal benefits.
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Poverty Alleviation: Examining the role of microfinance in poverty alleviation, and the impact of providing small loans to individuals who lack access to traditional banking services.
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Entrepreneurship and Self-Reliance: Understanding how Grameen Bank promotes entrepreneurship among its borrowers, fostering a sense of self-reliance and empowerment.
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Challenges and Successes: The book may cover the challenges faced by Grameen Bank in its early days and its subsequent successes, showcasing the resilience of the microfinance model.
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Social Change: Exploring the broader social change brought about by Grameen Bank, including improvements in education, health, and overall well-being of the borrowers.
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Global Influence: Understanding the global impact of Grameen Bank's model, which inspired the establishment of similar microfinance institutions worldwide.
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Financial Inclusion: The book likely emphasizes the importance of financial inclusion and how providing financial services to the poor can contribute to breaking the cycle of poverty.
| Language | English |
|---|---|
| No of pages | 313 |
| Font Size | Medium |
| Book Publisher | Aurum Press |
| Published Date | 11 Jul 2003 |
About Author
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Muhammad Yunus set up the Grameen Bank in his home country of Bangladesh with a loan of just £17, to lend tiny amounts of money to the poorest of the poor - those to whom no ordinary bank would lend. Most of his customers - as they still are - were illiterate women, wanting to set up the smallest imaginable village enterprises. It was his conviction that this new system of 'micro-credit', lending even such small sums, would give such people the spark of initiative needed to pull themselves out of poverty. Today, Yunus's system of micro-credit is practised around the world in some 60 countries, including the US, Canada and France. His Grameen Bank is now a billion-pound business.
It is acknowledged by world leaders and by the World Bank to be a fundamental weapon in the fight against poverty. Banker to the Poor is Yunus's enthralling story of how he did it: how the terrible famine in Bangladesh in 1974 focused his ideas on the need to enable its victims to grow more food; how he overcame the sceptics in many governments and among traditional economic thinking; and how he saw his micro-credit extended even outside the Third World into credit unions in the West. Such is the importance of his book that HRH the Prince of Wales has contributed a Foreword in which he hails 'a remarkable man [who] spoke the greatest good sense'.