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Banker to the Poor

Micro-Lending and the Battle Against World Poverty

by Muhammad Yunus

Banker to the Poor
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  • First Published:
    Jun 1999, 258 pages
    Paperback:
    Oct 2003, 288 pages

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Bangladesh: In 1947 the Partition of India caused the formation of East and West Pakistan (separated by a distance of about 1,000 miles).  Although the two regions shared a common religion (Islam) large ethnic and linguistic differences existed which in 1971, following the Bangladesh Liberation War, led to the formation of Bangladesh (formerly East Pakistan) as a country separate from both India and Pakistan.  It is the third largest Muslim-majority nation, and one of the most densely populated countries in the world; about 147 million people live in an area about the size of Iowa, with about a third of the land prone to flooding each year.  The infant mortality rate is 61 out of every 1,000 live births, the literacy rate is 43% and the gross domestic product equivalent to USA $2,100 per capita.

From the Grameen Bank website: Grameencredit is based on the premise that the poor have skills which remain unutilised or under-utilised. It is ...

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