Banker to the Poor
Banker to the Poor
Paperback
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- Barcode: 9781854109248
- Genre: Business & Finance
- Label: Aurum
- Publisher: Quarto Publishing PLC
- Subgenre: Biography

Banker to the Poor
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DESCRIPTION
The Story of the Grameen Bank. The personal story of the man who founded the system of "micro-credit", "Banker to the Poor" tells the story of how he did it. Today Yunus's system of micro-credit is practiced in some 60 countries, including the US, Canada and France and his Grameen Bank is now a billion-pound business. Muhammad Yunus set up the Grameen Bank in his home country of Bangladesh with a loan of just [pound]17, to lend tiny amounts of money to the poorest of the poor - those to whom no ordinary bank would lend. Most of his customers - as they still are - were illiterate women, wanting to set up the smallest imaginable village enterprises. It was his conviction that this new system of 'micro-credit', lending even such small sums, would give such people the spark of initiative needed to pull themselves out of poverty. Today, Yunus's system of micro-credit is practised around the world in some 60 countries, including the US, Canada and France. His Grameen Bank is now a billion-pound business. It is acknowledged by world leaders and by the World Bank to be a fundamental weapon in the fight against poverty. Banker to the Poor is Yunus's enthralling story of how he did it: how the terrible famine in Bangladesh in 1974 focused his ideas on the need to enable its victims to grow more food; how he overcame the sceptics in many governments and among traditional economic thinking; and how he saw his micro-credit extended even outside the Third World into credit unions in the West. Such is the importance of his book that HRH the Prince of Wales has contributed a Foreword in which he hails 'a remarkable man [who] spoke the greatest good sense'.
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OVER
2 MILLION PRODUCTS
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60 MILLION CUSTOMERS
ACROSS 190 COUNTRIES
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