Banker to the Poor: Micro-Lending and the Battle against World Poverty
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The simple idea of micro-loans is revolutionizing developing economies. Instead of lending large sums of money to often corrupt bureaucracies, economist Muhammad Yunus founded Grameen Bank to offer tiny sums, as little as $5, to individual craftspeople, tenant farmers, and subsistence entrepreneurs so they could keep themselves afloat between buying and selling. That was in 1983. Sixteen years later, with $2.5 billion being dispersed annually to more than two million families in rural Bangladesh and repayment rates close to 100 percent, Yunus is being hailed as the father of a new economic model that is bringing people out of poverty. In Banker to the Poor, Yunus explains why his program works. Gracious Rants An interesting story of beginning and hope . . . I would recommend this book to anyone interested in the problem of poverty . . .
Introduction1Number 20 Boxirbat Road, Chittagong12A Bengali in America133Back in Chittagong314The Stool Makers of Jobra Village435A Pilot Project Is Born596Expanding Beyond Jobra into Tangail857A Bank for the Poor Is Born1158Growth and Chllenges for the Bank for the Poor, 1984-19901319Applications in Other Poor Countries15310Applications in the United States and Other Wealthy Countries17311Grameen in the Nineties19312Beyond Micro-credit: A New World of Grameen Enterprises21313Grameen Bank II23314The Future245For Further Information263Index265
