Download Banker to the Poor: Micro-Lending and the Battle Against World Poverty AudioBook Free
Muhammad Yunus is that rare thing: a bona fide visionary. His dream is the total eradication of poverty from the globe. In 1983, contrary to the advice of banking and government officials, Yunus established Grameen, a bank specialized in providing the poorest of Bangladesh with minuscule loans. Grameen Bank, predicated on the belief that credit is a simple human right, not the privilege of the fortunate few, now provides over 2.5 billion dollars of micro-loans to more than two million families in rural Bangladesh. Ninety-four percent of Yunus's clients are women, and repayment rates are near 100 percent. Around the world, micro-lending programs inspired by Grameen are blossoming, with an increase of than 3 hundred programs established in the United States alone.
Banker to the Poor is Muhammad Yunus's memoir of how he made a decision to change his life in order to help the world's poor. In it he traces the intellectual and spiritual journey that led him to fundamentally rethink the financial relationship between rich and poor, and the challenges he and his colleagues faced in founding Grameen. He also provides wise, hopeful guidance for anyone who would like to join him in "putting homelessness and destitution in a museum so that one day our children will visit it and have how we may have allowed such an awful thing to be on for so long." The definitive history of micro-credit direct from the person that conceived than it, Banker to the Poor is necessary and inspirational reading for anyone interested in economics, public policy, philanthropy, social history, and business.
Muhammad Yunus was created in Bangladesh and earned his Ph.D. in economics in the United States at Vanderbilt University, where he was deeply influenced by the civil rights movement. He still lives in Bangladesh, and travels widely round the world with respect to Grameen Bank and the concept of micro-credit.
