banker to the poor review

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Really interesting book overall. ABBYY GZ download. Although some criticisms are mentioned briefly, Yunus brushes them off quickly. I didnt agree with some of his views on governments not funding public goods, but definitely worth the read and I look forward to. Mohammed Yunus is a revolutionary for championing the concept of micro-lending. As one example, I think that Yunus far too quickly rejects the arguments that poor people living in the developed world would not benefit from micro-lending in the same ways as the poor of Bangladesh. I LOVED THIS BOOK -- six stars. Muhammad Yunus has shown us that one person at a time can actually make a difference. Micro-lending means lending loans to extremely poor people so that they can use that credit to rise above the poverty line. Reviewed in the United States on July 23, 2016. It was nice to see how much good this company brought into the world. Full Review (618 words). Highly recommended! Muhammad Yunus is that rare thing: a bona fide visionary. Reviewed in the United States on July 8, 2009. The book describes Yunus' early life, moving into his college years, and into his years as a professor at Chittagong University. One School at a Time. Overgeneralization of a class lead to misunderstanding and thus faulty policies. Disclaimer: much of the banking talk was over my head. Top subscription boxes – right to your door, © 1996-2020, Amazon.com, Inc. or its affiliates. What a life, what an institution and what a book! Yet, despite this, Muhammad Yunus is not a socialist. Loved it! Only someone with his kind of. He has expanded it to serve millions of people and give out billions of dollars in loans. 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. Around the world, micro-lending programs inspired by Grameen are blossoming, with more than three hundred programs established in the United States alone. It also analyzes reviews to verify trustworthiness. Membership Advantages. In Banker to the Poor Muhammad Yunus, the inventor of microloans, tells how a small loan from his own pocket to a painfully poor Bangladeshi woman grew into a program and philosophy that has expanded and been adapted around the world in a diversity of societies from Southeast Asia to Chicago. Very interesting read especially during my visit to Kenya where Ive visited a micro finance bank! After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. Banker to the Poor Book Review Insructions; The ability to author a well written paper is a staple undergraduate work. I. Charity becomes a way to shrug off our responsibility. Mr. Every December, as we wrap up our annual Goodreads Reading Challenge, we ask our book-loving colleagues a simple yet incredibly tough... Muhammad Yunus is that rare thing: a bona fide visionary. What a life, what an institution and what a book! 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. The book also brings about the awful lending policies of most banks (which continue to date) and global corporations like World Bank. The book being over 12 years old made it a little dated (I wonder how Grameen has developed since? After finishing this book, I wanted to shout, "Yeah! If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. This audio book was absolutely wonderful. A bank that refused donor funds because they didnt need it anymore. This page works best with JavaScript. Robert H. Scott, III. Book Swap: Banker to the Poor by Dr. Muhammad Yunus, newsvine, Bankene advart mot kredittkortsvindel: the Avanti Group Reviews, Goodreads Staffers Share Their Top Three Books of the Year. I enjoyed every chapter. October 16th 2003 Yunus resigned his job in USA and went to Bangladesh in 1972 with lot of idealism and hope. There is something so fresh and inspiring about how he stumbled into giving micro loans. In Banker to the Poor, Yunus traces the journey that led him to rethink the economic relationship between rich and poor and recounts the challenges he faced in founding Grameen. Muhammad Yunus and I are best friends. And like all pioneers his success comes from questioning the absolute fundamentals- why need collateral for credit? Grameen Bank, based on the belief that credit is a basic human right, not the privilege of a fortunate few, now provides over 2.5 billion dollars of micro-loans to more than two million families in rural Bangladesh. It really destroys our preconceptions of the poor and how we might help them rise out of poverty. Reviewed in the United States on April 28, 2015. Yunus also had help from his students, family, bank officials, and even some government officials - there are good people around us. Goodreads helps you keep track of books you want to read. Charity allows us to go ahead with our own lives without worrying about the lives of the poor. Read 940 reviews from the world's largest community for readers. Muhammad Yunus is one inspiring man finding creative, community-based solutions to poverty and inspiring countless others across the world with his grand dreams and practical enterprise. Not a single chapter or a page in the book is without meaning. Not a single chapter or a page in the book is without meaning. I read a 20+ pages report written by a group of MBA students from Columbia Business School and it was as concise, succinctly put as this 200+ pages book on Grameen Bank/microcredit. Yunus started by handing out loans to the poorest because according to him, the term poor is vague and often overused. His dream is the total eradication of poverty from the world. As the term “micro” suggests, these loans are very small. Be the first one to write a review. 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. 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. Post liberation, Bangladesh was a shattered country with extreme poverty. May we find our courage, and may we have more like him! His experience ilustrates the private sector is not only for the greedy but also for social-minded individuals. Terrific book about poverty and how it can be tackled and eliminated. Yunus has a dream of helping the poor to help themselves. They were poor because the financial institution in the country did not help them widen their economic base.”, See all 4 questions about Banker to the Poor…, Best Books of People Trying to Save the World, Three Cups of Tea: One Man's Mission to Promote Peace . Dr. Muhammad Yunus is a Bangladeshi banker and economist. Read honest and unbiased product reviews from our users. How can you be sure that the poor can’t pay? Banker to the Poor book. 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. For full access become a member today. In all a great and insightful read. Book Review: Banker to the Poor: Micro-Lending and the Battle against World Poverty. The must-read summary of Muhammed Yunus' book: "Banker to the Poor: Micro-Lending and the Battle Against World Poverty". Read honest and unbiased product reviews from our users. Most often we use charity to avoid recognizing the problem and finding the solution for it. This review is available to non-members for a limited time. I was very curious about how all this worked and wanted to learn more about global development. Charity appeases our consciences.”, “People.. were poor not because they were stupid or lazy. I was very curious about how all this worked and wanted to learn more about global development. An eye opener on schemes for poverty reduction, Government thinking and mentality of funding organisations. 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. So. I found it really inspiring and engaging. It demonstrates the importance of heeding women's priorities that so often lead to a better life for children with a very small amount of financial support. So, focusing on "poor" is not sufficient.What started as Yunus’ personal journey ended up becoming a national and a global movement eventually. Disabling it will result in some disabled or missing features. Loved it! 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. Banker to the Poor is also the story of how Bangladesh's terrible 1974 famine underlined the need to enable its victims to grow more food. Dr. Yunus is also the founder of Grameen Bank. Whether you've loved the book or not, if you give your honest and detailed thoughts then people will find new books that are right for them. Hats off to Muhammad Yunus. Banker to the Poor is his autobiography. See All Audience Reviews Banker to the Poor Quotes. In a year like this (2020) we´ve had a perfect example of why social businesses are vital for our society and our future. Finally, also read Banker to the Poor. I wonder why this book is not published in many many languages, by many many publishing houses! comment. The thing that struck me the most (and I did not know beforehand) was that the Grameen Bank is an ultimate feminist bank - it. The definitive site for Reviews, Trailers, Showtimes, and Tickets Audience Reviews for Banker to the Poor. 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. ), but the message shone through well enough. Banker to the Poor In my view, chapter 4 and 5 of the book remove any doubt that hunger and poverty can beeliminated. While it offers a biased look at global development. And, haven’t been able to get over it. Truly an amazing book! I would recommend the book to anyone who wish for a poverty-free world. How in the world can you criticize someone like that? Refresh and try again. download 1 file . He could open eyes of bankers who stick with the idea that lending could happend only when collateral is secured. I believe, they should put this in school curriculum so as to teach kids about - social-conciousness as a motivational force. To see what your friends thought of this book. I highly recommend this to anyone interested in development, poverty, or those wanting to learn about micro lending. Moreover, unlike the rural Bangladeshi poor who tend to have skills like basket-weaving, I am uncertain that the average poor American would have marketable skills that could be translated into income opportunities. Finally, also read Banker to the Poor. Reading Banker to the Poor felt like a breath of fresh air. A book like this should be read by everyone. Find helpful customer reviews and review ratings for Banker to the Poor: The Story of the Grameen Bank at Amazon.com. Find helpful customer reviews and review ratings for Banker To The Poor: Micro-Lending and the Battle Against World Poverty at Amazon.com. They do not have appropriate entrepreneurial spirit to expand their business. 4,072 Views . Dr. Yunus is also the founder of Grameen Bank. So, focusing on "poor" is not. We’d love your help. A bank based on trust. by PublicAffairs, Banker to the Poor: Micro-Lending and the Battle Against World Poverty. Only someone with his kind of connections could navigate the minefields of Bangladesh’s politics and bureaucracy to achieve his objectives. The money would enable them to set up the smallest village enterprise and pull themselves out of poverty. Muhammad Yunus: Banker to the Poor, Aurum Press London 1998, ISBN 1-85410-577-9. This is a book is of hope. Definitely recommend! Im blown away by the work Yunus has done with Grameen. Just a moment while we sign you in to your Goodreads account. This book provides a real-life example of how one man's wish to lift the poorest out of the poverty and that too, not by doing something. REVIEW OF THE BOOK: Banker To The Poor is an astonishing story of how a man with a vision, strong values and tremendous patience could change the status quo and how he established a completely new and revolutionary institution of Micro Credit in the form of his Grameen Bank. The premise of this book seemed too good to be true. Reviewed in the United States on February 3, 2009. This book review of ” Banker to the Poor: Mirco-lending and the Battle Against World Poverty” by Muhammad Yunus entails the focus of making micro loans specifically to rural women and the kind of leadership trait he used and why. 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. 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. Banker to the Poor is his autobiography. It shows that lifting people out of poverty is doable and how to do this through free market principles. 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. New York: Public Affairs, 2003. Interesting! This is an autobiography of a great man Mohammed Yunus who is also a recipient of Nobel Peace Prize. Preach it, brother!". But, the difference that small credit can make upon the lives of people is immense. Terrific book about poverty and how it can be tackled and eliminated. Many times I heard my mother say she should have killed me at birth. Really interesting book overall. Definitely recommend! What if it really just starts with, say, $27? And, havent been able to get over it. Reading “Banker to the Poor” felt like a breath of fresh air. 3.5/5 What an uplifting story ! Muhammad Yunus is one inspiring man — finding creative, community-based solutions to poverty and inspiring countless others across the world with his grand dreams and practical enterprise. He believes that poverty is not created by poor but it results from the social structure and negligence and shows faith that a poverty-free world is achievable. When I heard about the concept of “micro-credit,” I was skeptical at first because handing out money to people who can’t even feed themselves sounds risky. Muhammed Yunus has worked tirelessly for the poorest of the poor. Banker to the poor tells the enthralling story of Muhammad Yunus, who set up the Grameen Bank in Bangladesh to lend tiny sums to the poorest of the poor, who were shunned by ordinary banks. Everyone should read this book. It was like reading a 300-page business pamphlet written by the guy in the business who's been there from the beginning, but no one really likes him, but they let him write the pamphlet because he's the only one who knows as much as he does. Can’t recommend the book enough. Highly recommended. . We get a few nuggets: one key innovation appears to be giving loans to small groups of borrowers, who essentially monitor each other. The premise of this book seemed too good to be true. I wonder why this book is read by not many people (Based on the number on goodreads). In a year like this (2020) weve had a perfect example of why social businesses are vital for our society and our future. Start by marking “Banker to the Poor: Micro-Lending and the Battle Against World Poverty” as Want to Read: Error rating book. What I loved about this was Yunus’ faith in humanity; his drive to make a difference because people are capable - they just need access to resources. ‘Banker To The Poor’ is the story of Grameen Bank; written by its founder, Muhammad Yunus. What if it really just starts with, say, $27? 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). In 2006, Yunus and the bank were jointly awarded the Nobel Peace Prize "for their efforts to create economic and social development from below." Yunus would have made a great candidate for a Nobel in Economics. Our beliefs about the role of lending institutions is seriously shaken. He has also received several other national and international honors. Even just reading the first part of the book where he describes how the whole project began is a memorable experience. But he is also aware that the success of his experiments have been aided by his being ‘elite’. While building my schedule for next year, my goal was to take as few economics courses as possible. “Let us take pride in our human identity above all other identities.” What if we really can, starting right now, eliminate poverty - worldwide. Dispels myths on poor , an eye opener on social business . A bank focused on serving women in a country rampant with gender inequality. _In one case a woman said, ‘‘All my life I was told I was no good, that I brought only misery to my parents because I was a woman and my family could not pay for my dowry. 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. Grameen Bank, based on the belief that credit is a basic human right, not the privilege. This complete summary of "Banker to the Poor" by Muhammad Yunus, an economist, civil society leader and Nobel Peace Prize-winner, presents his explanation of the requirements for microcredit in the current economy It was nice to see how much good this company brought into the world. Book review: “Banker to the Poor” – Yunus. I thought the book was fairly well written, and the message was very inspiring. 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. But charity is no solution to poverty. Amazon.in - Buy Banker to the Poor book online at best prices in India on Amazon.in. 28, 2015 ‘ elite ’ message shone through well enough how world Bank is of. Ahead with our own lives without worrying about the awful lending policies of banks! 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