Download Banker To The Poor: Micro-Lending and the Battle Against World Poverty Free PDF eBook
by
--- DOWNLOAD LINK ---
Amazon.com Review It began with a simple $27 loan. After witnessing the cycle of poverty that kept many poor women enslaved to high-interest loan sharks in Bangladesh, Dr. Muhammad Yunus lent money to 42 women so they could purchase bamboo to make and sell stools. In a short time, the women were able to repay the loans while continuing to support themselves and their families. With that initial eye-opening success, the seeds of the Grameen Bank, and the concept of microcredit, were planted. After earning a Ph.D. in economics at Vanderbilt University, Dr. Yunus returned to Bangladesh to settle into a life as a professor. But a famine in 1974 ravaged the country, leading Dr. Yunus to alter his thinking and his life profoundly: 'What good were all my complex theories when people were dying of starvation on the sidewalks and porches across from my lecture hall?.... Nothing in the economic theories I taught reflected the life around me.' Armed with little more than a lofty dream to end the suffering around him, he started an experimental microcredit enterprise in 1977; by 1983 the Grameen Bank was officially formed. The idea behind the Grameen Bank is ingeniously simple: extend credit to poor people and they will help themselves. This concept strikes at the root of poverty by specifically targeting the poorest of the poor, providing small loans (usually less than $300) to those unable to obtain credit from traditional banks. At Grameen, loans are administered to groups of five people, with only two receiving their money up front. As soon as these two make a few regular payments, loans are gradually extended to the rest of the group. In this way, the program builds a sense of community as well as individual self-reliance. Most of the Grameen Bank's loans are to women, and since its inception, there has been an astonishing loan repayment rate of over 98 percent. Banker to the Poor is an inspiring memoir of the birth of microcredit, written in a conversational tone that makes it both moving and enjoyable to read. The Grameen Bank is now a $2.5 billion banking enterprise in Bangladesh, while the microcredit model has spread to over 50 countries worldwide, from the U.S. to Papua New Guinea, Norway to Nepal. Ever optimistic, Yunus travels the globe spreading the belief that poverty can be eliminated: '...the poor, once economically empowered, are the most determined fighters in the battle to solve the population problem; end illiteracy; and live healthier, better lives. When policy makers finally realize that the poor are their partners, rather than bystanders or enemies, we will progress much faster that we do today.' Dr. Yunus's efforts prove that hope is a global currency. --Shawn Carkonen --This text refers to the MP3 CD edition. Read more From Library Journal Bangladesh, a country the size of Florida with a population of over 120 million people, is the home of Grameen Bank, the inspiration of economist Yunus, Bangladesh-born and U.S.-trained. Instead of spending his life as a university economics professor, Yunus decided in the mid-1970s to develop a micro-lending program to help the poorest people of his country. Yunus based the program on his strong belief that the very poor do not need complicated training programs to improve their economic lot. They need money, in the form of loans. This program has empowered thousands of peopleAmany of them womenAand surprised experts in economic development who never believed that the very poor would find the initiative and ability to repay even the smallest ($25-$500) loans. Grameen ('of the village') Bank has developed into an internationally acclaimed and replicated method for assisting the impoverished in Malaysia, the Philippines, Nepal, and even the United States. Definitely recommended for larger public and academic libraries.AOlga B. Wise, Compaq Computers, Austin Copyright 1999 Reed Business Information, Inc. --This text refers to the MP3 CD edition. Read more See all Editorial ReviewsBanker To The Poor Micro Buy Banker to the Poor Micro Banker to the Poor has 7 339 ratings and Micro Banker to the Poor Micro Banker to the Poor Micro Banker To The Poor Micro Banker To the Poor by Muhammad Yunus citizens of the world Yunus aimed to help the poor by eradicating poverty through micro Banker to the poor Banker to the poor micro 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 In it he traces the intellectual and spiritual Banker to the poor micro Banker to the Poor Micro Banker to the Poor has Start by marking Banker to the Poor Micro DOWNLOAD Banker To The Poor MicroLending and the Battle Against World Poverty Banker to the Poor is micro banker to the poor micro lending and the battle against world banker to the poor micro lending and the battle against world poverty subject banker to the poor initiative and enterprise that would help them lift themselves out of poverty forever In Banker to the Poor micro Listen to Banker to the Poor Audiobook by Micro Summary and reviews of Banker to the Poor by the Battle Against World Poverty by movement toward eradicating poverty through micro Buy a cheap copy of Banker to the Poor Micro Banker To The Poor Micro His dream is the total eradication of poverty from the world In 1983 against micro Buy Banker to the Poor Micro Buy Banker to the Poor Micro Banker To The Poor Micro Banker to the Poor Micro summary of banker to the poor micro lending and the battle against world banker to the poor micro lending and lending and the battle against world poverty Free Download Banker To The Poor: Micro-Lending and the Battle Against World Poverty di eBook PDF.
No comments:
Post a Comment