BookBrowse Reviews Banker to the Poor by Muhammad Yunus

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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
    Oct 2003, 288 pages

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The autobiography of the world-renowned, visionary economist who came up with a simple but revolutionary solution to end world poverty: micro-credit

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 themselves.

The Grameen Bank and its...

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