Banker to the Poor: The Autobiography of Muhammad Yunus, Founder of the Grameen Bank Hardcover – 28 Jun 2001
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"Not only does he possess a teacher's ability of explaining the most complex of situations in a simple manner, his enthusiasm and strong convictions are also compelling."--The Herald (UK)
Top Customer Reviews
I would recommend this book to anyone!!
If you've ever noticed that your bank only wants to give you money if you don't need it - here's how the other kind of bank would look.
He's an egalitarian Muslim, and he does his best thinking with the T.V. on. I've been waiting a long time for a super-hero with respect for the idiot box.
This is a really hopeful book. It doesn't have all the answers, but it has a bunch of fascinating questions to take down the pub with you. Read it, lend it, review it - stick a bookcrossing label in it and give it to your bank manager. Swap it for a Big Issue, mail it to your MP. What are you waiting for?
Most Helpful Customer Reviews on Amazon.com (beta)
It started when he found that 42 villagers were being kept in thrall -- literally bonded slavery -- to moneylenders in one village. The total sum they owed was $27. Yunus put his hand into his own pocket, and the system of microcredit was born. THEN came the long, long, attempt to get other sponsors, government help, and a lot more.
By the end of the book they have branched out into cooperatives, health care, cell-phone providers, and the internet. As he says, no US businessman would even consider operating without a telephone.... but there is criticism that "The rural poor do not need the luxury of a telephone." But telephones help the micro-borrowers improve their businesses and find the best markets for their products. So Yunus's bank, Grameen, created GremeenPhone to provide service to villages. Some villages didn't have electricity, so they then created a nonprofit company dedicated to developing wind turbines, solar energy, etc! Just one example of Yunus's progressive thinking and nothing-is-too-tough attitude!
Not in the book, but it's inspiring to see how Yunus's idea has caught on in other parts of the world. There's even a US organization, Kiva, which allows people to extend loans over the internet to individual small businesses in far-flung countries. This is an idea that has to grow.
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