Banker to the Poor: Micro-Lending and the Battle Against World Poverty |
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review by gregjerome
Banker to the Poor charts the development of the Grameen Bank established by Muhammad Yunus in Bangladesh starting in 1976 and continuing through the present. The bank developed the concept of Micro lending; loaning extremely small amounts of money to very poor people with little or no credit. The project was a tremendous success in Bangladesh and has since spread throughout the developing world. Yunnus tells his story in a very personal way, talking about many of the individuals to which the bank extended credit. His style is very simple, direct, clear, and comfortable. While discussing his fights with the local and federal bureaucracies and World Bank, Yunus remains refreshingly apolitical. He is forceful in his beliefs and rails against those organizations and practices which he believes have failed the poor, but does not enter the fray as a partisan. Yunus and the Grameen Bank were jointly awarded the 2006 Nobel Prize for Peace. This book leaves the reader with a true sense of hope for the world's poor.
Ratings (100 pt scale)
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