In Banker to the Poor, Yunus traces the journey that led him to rethink the economic relationship between rich and poor and recounts the challenges he faced in founding Grameen. He provides wise, hopeful guidance for anyone who would like to join him in the burgeoning world movement of micro-lending to eradicate world poverty.
©1999 Muhammad Yunus; (P)2007 Blackstone Audio Inc.
"The Grameen Bank's record is illuminating and inspiring....This is an aid program that works." (New York Times)
"Muhammad Yunus is a practical visionary who has improved the lives of millions of people in his native Bangladesh and elsewhere in the world. Banker to the Poor [is] well reasoned yet passionate." (Los Angeles Times)
"[Yunus'] ideas have already had a great impact on the Third World....hearing his appeal for a 'poverty-free world' from the source itself can be as stirring as that all-American myth of bootstrap success." (Washington Post)
This truly enlightening account will give you a whole new perspective on giving the poor a hand up instead of a hand out.
I must have been living under a rock - I picked this book on a whim, not having a clue about Dr. Yunus, who won a Nobel prize for the work he has done in empowering the poor.
It takes a powerful argument to chance the way I think about a subject. I'm a free market capitalist to the core yet I've always known there were certain weaknesses in the system which could give greed a toe hold. Yunus developed a capitalist economy with a social conscience. If he had outlined his ideas in a presentation I would have rejected them as "blue sky" idealism. But he has several billion dollars worth of credibility. It is difficult to argue with success like that!
After listening through (twice so far, it's on my regular re-listen list) I'm actually changing the way I view economics and am working to become a part of this solution that he's created.
Yunus describes the history and operation of Grameen and microcredit in general in simple, effective terms while consistently projecting his passion for the process and his frustration with the global banking system for not seeing its potential. This is no dull economics lecture but a lively human tale of dedication and commitment, with many real-world examples. It was published before the Nobel Prize announcement but you can sense that Yunus is a real game-changer.
Ray Porter (narrator) does a nice job on communicating the passion (almost anger at times), and handling the Bengali pronunciation.
Highly recommended, you'll believe that one man can change the world.
This is a great story of successful, innovative development in the poorest corners of the world. One can't help but be inspired by Yunus' accomplishments. But the narrator hectors the reader like a middle school vice principal scolding a truant. I have seen the author on television and he comes off as a genial, humble person. Somehow that personality got lost in the reading. It's still worth a listen, though, because Yunus has much to teach us about alleviating poverty and despair. He's a true hero.
Professor Yunus works are inspiring especially to those who cares for less fortunate ones. I could not shut off my ipod until I heard the whole narative. Excellent writing and narration.
This book is recommended to those who dream of a better future for all man kind. " In educated society povertiy should be found in museums where we could tell our children, why and how our ancestors let it infest us for centuries."
I enjoyed this book. It shows what someone can do with a good idea and persistence. It was very inspiring.
This is a wonderful book that illuminates life (especially for women) in one of the poorest countries of the world, and one man's largely successful struggle to change things. He exaggerates and misstates some things, but everybody with a conscience should read it.
This is a must-read for anyone wishing to gain insights into how the poor of the world really live, and to at least one way that can make a difference in their lives (the answer's not charitable hand-outs).
Neither a ringing endorsement of the virtues of capitalism, nor a socialist idealist picture of the world as it should be. The work of Professor Yunus represents a pragmatic and proven effective way of making the world a better place.
Read this book, get inspired, and take action (if only to reduce the amount of ignorance in the universe of how much impoverished people of the world suffer and how some can be helped).
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
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