Biz Dev, Media Ent, VC, Aspiring Writer, Curious Person / Alien
For profit organisations can prioritise social good as well as profits.
I read a lot of books and this one feels unique. It is a biography focused on the authors experience of creating a bank for the poor. He gives a number of actionable business insights while inspiring the reader.
The author challenged the financial industry's assumptions that poor people don't pay their debts. He discovered that poor people are more likely to repay their debts than the wealthy middle class. Wouldn't you prioritise repaying your debts if the consequence of losing credit is starvation? This enabled the author to build the Grameen micro lending bank to offer credit to billions of poor people who desperately need credit. The Grameen bank undoubtedly has saved millions of lives at the same time as turning a profit. This is a powerful lesson that for profit business can also prioritise social good.
I had no idea this kind of program existed. This book has opened my eyes and my mind to all the possibilities that exist to assist in eliminating poverty. No matter what the country, process and innovation are hindered by institutional people! It's a shame that this exist. Love this book
This should be on the first semester of every college student. It is a important bias-dropper. Yunus is incredible focused on an mission that seemed impossible.
I am an audio person. But the best way would be to read the book with the audio on.
Oh, I was in tear many times. For God sake people suffer to make few cents a day.
No but I like his voice and his way of reading
This was the book I was looking for to read. Hand on experience not nice theories. The professor through away the chalk and get the shovel. How many academics are willing to do what he did? Very few. Yet his results are phenomenal. Forget the about the Nobel price of Sweden, he should have gotten the Nobel price of people and humanity. Great job. Anybody knows a book like this please please tell me. I need to read it. Thank you
Yes, listened while driving to pick up my new small business.
Turns the standard economic paradiams upside down starts over and changes lives. Adam Smith and Marx would both love it.
The concept that is brought across is very interesting and a different view on helping the poor. I found the book went on a bit. I got the book to hear about the concept that Muhammad Yunus came up with and half way through the book the concept had mostly been covered, if you wanting to find out about his life then the entire book will be of use to you.
I picked up this book hoping to find an interesting story that would also teach me a solid background in microlending. Unfortunately I didn't find enough of either in "Banker to the Poor."
The author lacks a focus in both his material and his audience. For example, if the book is about Grameen Bank, it could do without the opening sections of scattered bits of Yunus's life.
I also feel I could have learned more about microlending in a lengthy Economist article than from this book, especially when it comes to some of the challenges or downsides to microlending. The book leaves basic questions frustratingly unmentioned, much less unanswered (e.g. what role does *savings* have, or not have, in reducing poverty?).
Yunus offers almost no criticism of Grameen or microlending in the book, which makes for very odd reading, when for example he has a chapter on "Grameen Bank 2" -- if there was not much wrong with Grameen Bank 1, why the complete overhaul for Grameen Bank 2?
Great material. Was a personal call to action. The reader isn't my favorite. He seems upset or condescending which is the opposite of the context he was reading. Good audio quality just not my favorite tone.