Terrific book about poverty and how it can be tackled and eliminated. In fact I hope I never stop thinking about it and the issues it opened up. Interesting! There is something so fresh and inspiring about how he stumbled into giving micro loans. Other readers will always be interested in your opinion of the books you've read. For full access become a member today. How in the world can you criticize someone like that? Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It is everywhere outside the classrooms. Preach it, brother!". BANKER TO THE POOR Item Preview remove-circle ... plus-circle Add Review. More on the book here: Mohammed Yunus is a revolutionary for championing the concept of micro-lending. A bank based on trust. He has developed an enormously exciting new model for economic and social empowerment. His story is thrilling, even inspiring. A bank that refused donor funds because they didnt need it anymore. Im blown away by the work Yunus has done with Grameen. Banker to the Poor is his autobiography. 3.5/5 What an uplifting story ! This book provides an informative overview of Grameen Bank and micro-lending, but I think that its argument in favor of micro-lending would be stronger if Yunus spent more time addressing the arguments of critics. 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. . His dream is the total eradication of poverty from the world. I wonder why this book is not published in many many languages, by many many publishing houses! In 1983, against the advice of banking and government officials, Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with minuscule loans. Professor Yunus tells a compelling story about how Grameen came into being, making it at times personal, at times funny, at times critical, but always keeping an optimistic tone. In it he traces the intellectual and spiritual journey that led him to fundamentally rethink the economic relationship between rich and poor, and the challenges he and his colleagues faced in founding Grameen. But charity is no solution to poverty. Banker to the Poor chronicles Yunus' journey from a “bird's-eye-view economist, teaching elegant theories in a classroom, to a worm's-eye-view practitioner” and the creation of Grameen, a bank owned by its poor borrowers that boasts a loan recovery rate of 97.29%. They do not have appropriate entrepreneurial spirit to expand their business. Welcome back. Today this system is practiced in some sixty countries. But, the difference that small credit can make upon the lives of people is immense. Great information, glad I have it, but this writer is basically terrible. But, the success of Grameen shows that while these objections are logical, they are exaggerated. I highly recommend this to anyone interested in development, poverty, or those wanting to learn about micro lending. So much excellent food for thought for anyone, no matter your particular field or areas of social interest. Terrific book about poverty and how it can be tackled and eliminated. They do not have collateral as security. I didn’t agree with some of his views on governments not funding public goods, but definitely worth the read and I look forward to reading more on the subject. comment. Audience Reviews for Banker to the Poor. The book describes Yunus' early life, moving into his college years, and into his years as a professor at Chittagong University. But he is also aware that the success of his experiments have been aided by his being elite. Not a single chapter or a page in the book is without meaning. I was really surprised by how interesting it was, I was afraid it would be a little dry but that wasn't true at all. While it offers a biased look at global development, I was very impressed with how huge the company expanded. I did not feel I was worthy of a loan, or that I could ever repay it.’_ Grameen Bank turned all this around - if men needed the loan, they had to transfer the land ownership to their wife, and the loan would be given to the wife, They also fought religious dictates, militancy, and corrupt officials. Unfortunately, so called practicality and rationality makes us leave all such thoughts and work for ourselves. Let us take pride in our human identity above all other identities. It was nice to see how much good this company brought into the world. Economics seems miles away from real life. I was with him until he disclosed that he had the answer for remaking the world's economy; I don't think that any one person or system has the answer to that. Yunus started by handing out loans to the poorest because according to him, the term poor is vague and often overused. This audio book was absolutely wonderful. Definitely recommend! Banker to the Poor is Muhammad Yunus's memoir of how he decided to change his life in order to help the world's poor. “Let us take pride in our human identity above all other identities.” What if we really can, starting right now, eliminate poverty - worldwide. Read to find out how small loans to the poor work, are they guaranteed, should poor go to the bank or the bank go to the poor, why women are the poorest section of the society and also the one that changes an entire generation, and how a group of women can change an entire village, and lift it out of poverty. They worked all day long, doing complex physical tasks. What a life, what an institution and what a book! Banker to the Poor Book Review The book “Banker to the Poor” by Muhammad Yunus is the story of the Grameen Bank Program, which is founded in Bangladesh by Yunus to help the poor. Finally, also read Banker to the Poor. And the real world is just outside the classrooms. He advocates a ‘truly’ free market banking and financial sector that allows self-employed poor to access small loans, Yunus also asks the nations to measure their progress by per capita income of the bottom 25% of the population and not overall per-capita. The must-read summary of Muhammed Yunus' book: "Banker to the Poor: Micro-Lending and the Battle Against World Poverty". Muhammad Yunus left his life in America in the 1970s and moved to Bangladesh and set a model of how poverty can be lifted through free market banking initiative called Grameen Bank. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. Reviews There are no reviews yet. At times I felt like Yunus was too excited and dedicated about the Grameen Bank to be honest about the challenges of micro lending (he continuously seemed to rush past those sections or somewhat glossing them), but it was still really interesting/inspiring to see how he structured the bank around community ownership and accountability. Read 940 reviews from the world's largest community for readers. This page works best with JavaScript. Rotten Tomatoes, home of the Tomatometer, is the most trusted measurement of quality for Movies & TV. The book also brings about the awful lending policies of most banks (which continue to date) and global corporations like World Bank. Sorry, buddy!). He previously was a professor of economics and is famous for his successful application of microcredit--the extension of small loans given to entrepreneurs too poor to qualify for traditional bank loans. Banks lend to the rich big amount who default on most payments. Micro-lending means lending loans to extremely poor people so that they can use that credit to rise above the poverty line. On the same lines of thoughts, he founded Grameen Bank. I was very curious about how all this worked and wanted to learn more about global development. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. His system both encourages initiative and gives necessary support. As he mentions in the book, We need to learn from the real world. Everyone should read this book. Ninety-four percent of Yunus's clients are women, and repayment rates are near 100 percent. Very interesting read especially during my visit to Kenya where Ive visited a micro finance bank! I think that he seriously underestimates the different attitudes that poor Westerners have, especially in light of the fact that their poverty is generally much less extreme. This review is from the Banker to the Poor. 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