Banker to the Poor  -  The Story of the Grameen Bank

Banker to the Poor - The Story of the Grameen Bank

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Author: Muhammad Yunus
Translator(s)/ Editors(s): Alan Jolis
Publisher: Penguin
Year: 2007
Language: English
Pages: 312
ISBN/UPC (if available): 9780143102915


Muhammad Yunus, winner of the Nobel Peace Prize in 2006, set up the Grameen Bank in Bangladesh to lend tiny sums to the poorest of the poor, who were shunned by ordinary banks. The money would enable them to set up the smallest village enterprise and pull themselves out of poverty.

Today, Yunus’s system of ‘micro-credit’ is practised in some sixty countries, and his Grameen Bank is a billion-pound business acknowledged by world leaders and the World Bank as a fundamental weapon in the fight against poverty.

Banker to the Poor is Yunus’s own enthralling story: of how Bangladesh’s terrible 1974 famine underlined the need to enable its victims to grow more food; of overcoming scepticism in many governments and in traditional economic thinking; and of how micro-credit was extended into credit unions in the West.


‘The story of an extraordinary achievement.’
--- Doris Lessing

‘An amazing account of the way in which one man with a vision and the right values can turn the established order on its ear.’
--- John Elkington, Guardian

‘It’s not people who aren’t credit-worthy. It’s banks that aren’t people-worthy.’
--- Muhammad Yunus


Foreword by H.R.H. The Prince of Wales
Author’s Preface

Part I – Beginnings 1940-76

1. Jobra Village – From Textbook to Reality
2. The World Bank, Washington, DC, November 1993
3. 20 Boxirhat Road, Chittagong
4. Through the Viewfinder – Boyhood Passions
5. Campus Years in the US, 1965-72
6. Marriage and the War of Liberation, 1967-71
7. Chittagong University, 1972-74
8. Farming – The three-share farm Experiment, 1974-76
9. Banking Climbing the prison Walls of Collateral, 1976

Part II – Experimental Phase 1976-78

10. Why lend to women rather than to men?
11. Reaching Women Borrowers
12. Women Bank Workers
13. The Delivery System – The Mechanics of Joining
14. The Repayment Mechanism – The World Upside Down
15. A Comparison with Congenital Banks
16. Grameen as an Experimental Branch of the Agricultural Bank, 1977-79
17. Eid-Ul Fitr, 1977

Part III – Creation 1978-90

18. Taking our Time at the Start, 1979-83
19. Against the Mind-Set
20. Natural Disasters – Our Other Enemies
21. Training Grameen Staff
22. Birth of Grameen as a Separate Corporate Entity, 1982-83
23. Full Independence of the Bank, 1985-90

Part IV – Replication the Grameen Principle

24. International Replications
25. The US Urban Experience
26. The US Rural Experience

Part V – Philosophy

27. Discovering Economics – The Social Consciousness – Driven free Market
28. Self-Employment
29. What Role for Educating and Training the Poor?
30. On the Population Problem
31. Poverty – The Missing Issue in Economics

Part VI – New Horizons, 1990-97

32. The Housing Loans – A Great Success Story
33. Health and Retirement
34. Grameen Check – Weavers are back in fashion
35. Grameen Fisheries Foundation
36. Grameen Phone – Technology for the Poor
37. The Grameen Trust – The People’s Fund

Part VII – A New World

38. A World that will Assist the Poorest
39. World Micro-Credit Summit – To Reach 100 Million by the Years 2005
40. A Poverty-Free World – How and When?
41. What would it be Like?

Appendix I – A Look at the Balance Sheet
Appendix II – Analysis of Some of the Most Popular Grameen Loans
Appendix III – The Grameen Family of Companies
How to Contact the Grameen Back