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Banker To The Poor: Micro-Lending and the Battle Against World Poverty
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List Price:
$15.00
Pay Mortgages Price:
$10.20
Your Savings: $ 4.80 ( 32% )
Subject To Change Without Notice
Availability: Usually ships in 24 hours
Manufacturer: PublicAffairs
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Average Customer Rating:  
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Binding: Paperback
Dewey Decimal Number: 332.1095492
EAN: 9781586481988
ISBN: 1586481983
Label: PublicAffairs
Manufacturer: PublicAffairs
Number Of Items: 1
Number Of Pages: 312
Publication Date: 2008-01-08
Publisher: PublicAffairs
Release Date: 2003-10-14
Studio: PublicAffairs
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Editorial Reviews:
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A new edition of the New York Times Bestseller by the Nobel Peace Prize-winner. This autobiography of Nobel Peace Prizewinner Muhammad Yunus spent ten weeks on the New York Times bestseller list, and was also a Wall Street Journal bestseller. Now repackaged in the spirit of his new book, Creating a World Without Poverty, this classic work on the birth of microfinance will contain excerpts from the new book.
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Spotlight customer reviews:
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Customer Rating: 
Summary: Mitch Hiatt's Review of Yunus' Banker to the Poor
Comment: Watch Video Here: http://www.amazon.com/review/R9DQ0HQRQAFU Mitch Hiatt's review was made as part of a critical review assignment for the Fall 2008 Economics of Entrepreneurship seminar at the University of Nebraska at Omaha, taught by Art Diamond. (The course syllabus stated that part of the critical review assignment consisted of the making of a video recording of the review, and the posting of the review to Amazon.)
Customer Rating:
Summary: A book about poverty and Triumph
Comment: This books shows us that the lack of access to credit for the poorest of the poor is possibly as bad as lack of food. Without some access to credit they have absolutely no chance to ever get out of the revolving situation that will absorb then and their children. It's a vicious cycle of poverty that will be perpetuated unless they are given a chance to break it. And they all want to break it. Not for themselves, but for their future generations, which will incrementally improve their situation.
Customer Rating:
Summary: Great Way to give a Hand Up
Comment: On a recent flight, I read an outstanding book called Banker to the Poor Microlending and the Battle Against World Poverty by Muhammad Yunus. Muhammad taught economics at the University of Bangladesh and saw the poverty around him and felt that that his theoretical work at the university was not solving the problem. What he saw was the small amounts of money loaned to people to allow them to start their business or raw materials could have a huge impact.
He started Grameen Bank and started making micro-credit loans to people in groups using the social pressure to make sure everyone repays their loans. His first loans he saw that 42 people needed $27.00 to buy raw materials and this was his first loan. He had tremendous success repaying the loans and has since grown to almost 2,000 branches and a staff of 11,000 which has loaned $3.9 billion with a recovery rate of 98%.
Impressive results with limited resources.
This is a true book of hope and definitely worth reading.
Customer Rating:
Summary: banker to the poor
Comment: A well written book about how Yunus successfully lent money to impoverished people in Bangladesh and, in so doing, empowered them to create better lives for themselves. The pages echo Yunus's faith in the human spirit, his dedication to eradicating poverty, and his tenacity to succeed in the face of naysayers cries. He talks about the origins of the banks name, The Grameen Bank and notes that Grameen derives from the word gram, or village.
Yunus denounces typical methods of poverty reduction, such as those that tie funds to skills training. And he acknowledges that he has critics in this regard. He writes, "I firmly believe that all human beings have an innate skill. I call it the survival skill. The fact that the poor are alive is clear proof of their ability. They do not need us to teach them how to survive; they already know how to do this. So rather than waste our time teaching them new skills, we try to make maximum use of their existing skills. Giving the poor access to credit allows them to immediate put into practice the skills they already know - to weave, husk rice patty, raise cows, peddle a rickshaw." (p. 140).
Customer Rating:
Summary: Banker to the Poor
Comment: Banker To The Poor: Micro-Lending and the Battle Against World Poverty
This is a life changing book! This book will change the way that you think about poverty and how to end it. In this book, Professor Yunus tells of his own journey in first recognising that the University in which he lectured in Economics, needed to impact his local community, and secondly, doing something about it. The book has all of the elements of a good novel, humour, romance, and drama, but it is so much more. Buy this book, read this book, and then join Kiva.org to make a difference.
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