Overview

In 1983, Muhammad Yunus established Grameen, a bank devoted to providing the poorest citizens of Bangladesh with miniscule loans. Believing that credit is a basic human right, not the privilege of a few, Yunus aimed to support that spark of personal initiative and enterprise by which the poor might lift themselves out of poverty forever. Grameen Bank now provides over 2.5 billion dollars of micro-loans to more than two million families in rural Bangladesh, with repayment rates at nearly 100 percent. 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. 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.

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9780786157778

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Reviews

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...Dr. Yunus's efforts prove that hope is a global currency. -- Amazon.com A wonderful yet heartbreaking memoir, expertly realized by narrator Ray Porter. This story is so powerful that it needs no embellishment, and Porter knows exactly how to read it with a touching and firm delivery that involves listeners instead of preaching to them...Porter delivers the material as if it were his own. A greater compliment there could not be for audiobook narration. -- AudioFile [Yunus's] ideas have already had a great impact on the Third World...hearing his appeal for a 'poverty-free world' from the source itself can be as stirring as that all-American myth of bootstrap success. -- Washington Post

Author Information

Muhammad Yunus, a native of Bangladesh, was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. In 1972 he became head of the economics department at Chittagong University. He is the founder and managing director of Grameen Bank, a pioneer of microcredit, which an economic movement that has helped lift millions of families around the world out of poverty. He was awarded the Nobel Peace Prize in 2006. He also received a Presidential Medal of Freedom from President Obama in 2009 and was named one of Fortune's 12 Greatest Entrepreneurs of Our Time in 2012. Ray Porter is an AudioFile Earphones Award-winning narrator and fifteen-year veteran of the Oregon Shakespeare Festival. He has appeared in numerous films and television shows, including Almost Famous, ER, and Frasier.

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