From the book jacket: In 1983 Muhammad Yunus established Grameen, a
bank devoted to providing the poorest of Bangladesh with miniscule loans. He
aimed to help the poor by supporting the spark of personal initiative and
enterprise by which they could lift themselves out of poverty forever. It was an
idea born on a day in 1976 when he loaned $27 from his own pocket to forty-two
people living in a tiny village. They were stool makers who only needed enough
credit to purchase the raw materials for their trade. Yunus's loan helped them
break the cycle of poverty and changed their lives forever. His solution to
world poverty, founded on the belief that credit is a fundamental human right,
is brilliantly simple: loan poor people money on terms that are suitable to
them, teach them a few sound financial principles, and they will help
The Grameen Bank and its...
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The Steady Running of the Hour
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