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(Free) Banker to the Poor Micro Lending and the Battle Against World Poverty author Muhammad Yunus

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Banker to the Poor Micro Lending and the Battle Against World Poverty Free download ô 5 Muhammad Yunus is that rare thing a bona fide visionary His dream is the total eradication of poverty from the world 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 Grameen Bank based on the belief that credit is a basic human right not the privilege of a fortunate few now provides over 25 billion dollars of micro loans to 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 While building my schedule for next year my goal was to take as few economics courses as possible After a year of studying economics I can t help but feel that economic theories are far from real life problems and yeah okay I know that real life economics is different from what we study in uni but still Economics seems miles away from real life Mohammad Yunus a Bengali Economics professor has the exact same feeling when he realizes his lectures are a world away from the poverty of Bangladesh He walks around a village near his university and sees that the poor people of the village work incredibly hard and yet remain poor due to their dependence on others Many of them are stuck in a poverty trap He realizes that their lack of capital stops them from being able to earn money and leave poverty And so Yunus decides to create a bank that focuses on lending money to the poor The idea is that through a relatively small amount of money poor people can use their existing skills and break out of the poverty trap With some capital they can begin a business and start earning money independently This was an eye opening book for me We read Elizabeth Anderson s work this year and discussed the way huge capitalist firms aren t liberal When Adam Smith was writing about that pin factory he wasn t talking about or Google However he very much was talking about a Bengali woman making fabric By giving these people a loan Yunus effectively liberates them It s totally the division of labor the professional specialization that Adam Smith speaks of And it s fascinating because who would have thought the answer to poverty could be everyone should be a freelancer I m used to thinking about self employment as a risky move that can leave you in a very shaky financial situation but Yunus shows that for the poor of Bangladesh and other places self employment allows them to use their skills and potential in the best way It also brings a uestion to the table Elizabeth Anderson writes about the process that the West went through in order to switch from small scale liberalism to large scale capitalism If Yunus bank continues will the same happen in Bangladesh Is large scale capitalism a natural continuation of a business A Bengali woman opens a fabric store if she s successful she will have to hire people and well with enough luck she ll become a massive business Is this what we want The alternative of working for someone like that also isn t great as Elizabeth Anderson shows are these our only options When alleviating poverty are we trying to replicate the success of the West or is there room to consider alternative economic systems There s a moment where Yunus says economics sees the world as employees and employers but simply ignores the self employed This is a problem because places like Bangladesh actually have a lot of poor people who are self employed but lack capital to truly make a decent profit This was another one of those aha moments because our economics focus is so Western We can t take a theory that works mathematically and attempt to force it onto countries if they don t have the same premises at play Our solutions have to fit the problems As a Bengali economist Yunus is able to make them fit Yunus heavily criticizes programs that attempt to teach the poor new skills He claims the poor already have all they need in order to succeed They don t need handouts or long training sessions By giving them a loan they are held accountable It s not charity they have a stake in returning it This keeps their dignity and allows them to succeed on their own terms I loved how Yunus describes the importance of organizations that are both for profit and for social improvement The finance world needs to make room for social enterprises that manage to make a profit but also change the world for the better It s both This is something I d like to remember next year when I start studying Business Man there s so much that I found inspirational in this book Yunus bank was a grassroots initiative Yunus and his team of students built this alone Unlike banks chasing for money Yunus focused on creating a community My bank hasn t communicated with me in months but here s Yunus and his committed team helping their loaners with everything from education to life skills I loved hearing how this idea worked in Western countries as well Hearing about the application of it in the USA and in Norway was especially interesting To conclude I m still going to avoid Econ courses but I ve definitely been bitter about Econ than it deserves I want to take these ideas with me because it s just so cool that this bank built a bridge between economic theory and economic practice that Yunus managed to make banking sound interesting What I m Taking With Me My mental image of banking is pretty much Mary Poppins so I might be wrong about it Yunus seems like such a nice guy I m so glad this is working and I hope he continues to make the world a better place I loved learning how they dealt with religious leaders during the establishment of the banks and how the focus is on women Like heck yeah it s really changing the entire society Next year when I ll be staring at graphs and crying I want to remember that economics really can make people s lives better Can we all be entrepreneurs What if some people are just bad at managing a business Is a loan even a small one helpful for everyone Economics must show that a market economy does not necessarily have to be a playground for bloodthirsty capitalists it can be a challenging field for all good people who want to pilot the world in the right direction This book just singlehandedly renewed my faith in economics Review to come The Geography of Witchcraft year my goal was to take as few economics courses as possible After a Hold On To Me year of studying economics I can t help but feel that economic theories are far from real life problems and Copping It Sweet (Murphys Law yeah okay I know that real life economics is different from what we study in uni but still Economics seems miles away from real life Mohammad Yunus a Bengali Economics professor has the exact same feeling when he realizes his lectures are a world away from the poverty of Bangladesh He walks around a village near his university and sees that the poor people of the village work incredibly hard and Ill Be Yours for Christmas (Harlequin Blaze, yet remain poor due to their dependence on others Many of them are stuck in a poverty trap He realizes that their lack of capital stops them from being able to earn money and leave poverty And so Yunus decides to create a bank that focuses on lending money to the poor The idea is that through a relatively small amount of money poor people can use their existing skills and break out of the poverty trap With some capital they can begin a business and start earning money independently This was an eye opening book for me We read Elizabeth Anderson s work this Her Babys Bodyguard (Eagle Squadron year and discussed the way huge capitalist firms aren t liberal When Adam Smith was writing about that pin factory he wasn t talking about or Google However he very much was talking about a Bengali woman making fabric By giving these people a loan Yunus effectively liberates them It s totally the division of labor the professional specialization that Adam Smith speaks of And it s fascinating because who would have thought the answer to poverty could be everyone should be a freelancer I m used to thinking about self employment as a risky move that can leave If Wishes Were...Daddies you in a very shaky financial situation but Yunus shows that for the poor of Bangladesh and other places self employment allows them to use their skills and potential in the best way It also brings a uestion to the table Elizabeth Anderson writes about the process that the West went through in order to switch from small scale liberalism to large scale capitalism If Yunus bank continues will the same happen in Bangladesh Is large scale capitalism a natural continuation of a business A Bengali woman opens a fabric store if she s successful she will have to hire people and well with enough luck she ll become a massive business Is this what we want The alternative of working for someone like that also isn t great as Elizabeth Anderson shows are these our only options When alleviating poverty are we trying to replicate the success of the West or is there room to consider alternative economic systems There s a moment where Yunus says economics sees the world as employees and employers but simply ignores the self employed This is a problem because places like Bangladesh actually have a lot of poor people who are self employed but lack capital to truly make a decent profit This was another one of those aha moments because our economics focus is so Western We can t take a theory that works mathematically and attempt to force it onto countries if they don t have the same premises at play Our solutions have to fit the problems As a Bengali economist Yunus is able to make them fit Yunus heavily criticizes programs that attempt to teach the poor new skills He claims the poor already have all they need in order to succeed They don t need handouts or long training sessions By giving them a loan they are held accountable It s not charity they have a stake in returning it This keeps their dignity and allows them to succeed on their own terms I loved how Yunus describes the importance of organizations that are both for profit and for social improvement The finance world needs to make room for social enterprises that manage to make a profit but also change the world for the better It s both This is something I d like to remember next West of Heaven year when I start studying Business Man there s so much that I found inspirational in this book Yunus bank was a grassroots initiative Yunus and his team of students built this alone Unlike banks chasing for money Yunus focused on creating a community My bank hasn t communicated with me in months but here s Yunus and his committed team helping their loaners with everything from education to life skills I loved hearing how this idea worked in Western countries as well Hearing about the application of it in the USA and in Norway was especially interesting To conclude I m still going to avoid Econ courses but I ve definitely been bitter about Econ than it deserves I want to take these ideas with me because it s just so cool that this bank built a bridge between economic theory and economic practice that Yunus managed to make banking sound interesting What I m Taking With Me My mental image of banking is pretty much Mary Poppins so I might be wrong about it Yunus seems like such a nice guy I m so glad this is working and I hope he continues to make the world a better place I loved learning how they dealt with religious leaders during the establishment of the banks and how the focus is on women Like heck Putting Out of Your Mind yeah it s really changing the entire society Next Under the Knife / Whistleblower year when I ll be staring at graphs and crying I want to remember that economics really can make people s lives better Can we all be entrepreneurs What if some people are just bad at managing a business Is a loan even a small one helpful for everyone Economics must show that a market economy does not necessarily have to be a playground for bloodthirsty capitalists it can be a challenging field for all good people who want to pilot the world in the right direction This book just singlehandedly renewed my faith in economics Review to come

Summary Banker to the Poor Micro Lending and the Battle Against World Poverty

Banker to the Poor Micro Lending and the Battle Against World Poverty

Banker to the Poor Micro Lending and the Battle Against World Poverty Free download ô 5 Programs inspired by Grameen are blossoming with than three hundred programs established in the United States alone 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 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 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 visi Highly recommended A true must read book

Free read ↠ PDF, eBook or Kindle ePUB free õ Muhammad Yunus

Banker to the Poor Micro Lending and the Battle Against World Poverty Free download ô 5 T it and ask how we could have allowed such a terrible thing to go on for so long The definitive history of micro credit direct from the man that conceived of 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 born in Bangladesh and earned his PhD 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 around the world on behalf of Grameen Bank and the concept of micro credit This book has much in common with Three Cups of Tea One Man s Mission to Promote Peace One School at a Time In it Mohammad Yunus seeks to alleviate poverty one person at a time with micro loans It s a fascinating look at how the system works and the enterprise s founding and history were eually absorbing Like Three Cups of Tea however the writing is just so so Yunus comes across as a bit self righteous and a bit pedantic and the writing at times is repetitive Overall it s an interesting and valuable book though and I was very glad that I d read it

  • Paperback
  • 289
  • Banker to the Poor Micro Lending and the Battle Against World Poverty
  • Muhammad Yunus
  • English
  • 12 April 2019
  • 9781586481988