Banker for the PoorIf someone makes a bank that lends money unsecured to the poor, they will dismiss it as ridiculous. But the Grameen Bank, founded by the author of this book, Muhammad Yunus, lends money to the poor without any trust, only credit. It is a strong financial institution that has loaned 2.4 trillion won to 3.23 trillion people with 1,175 branches throughout Bangladesh and has returned to surplus since 93 with a loan rate of nearly 100%. Im disillusioned with theories that dont help people who are starving while teaching economics at university pulpits. Showed by thoughts and actions that are right. He says that in order to overcome poverty, we need to help humans have hope, the starting point of all economic activities, rather than unconditional charity. The authors heartfelt writings, who have abandoned their comfortable university positions and tried to solve poverty by a system other than ideology, deeply touch the heart. He doesnt ask for legal responsibility, such as foreclosure of his salary, if he doesnt pay it back. Despite this risky way of doing business, the bank survived well and many people in Bangladesh got out of poverty.
Banker for the PoorIf someone makes a bank that lends money unsecured to the poor, they will dismiss it as ridiculous. But the Grameen Bank, founded by the author of this book, Muhammad Yunus, lends money to the poor without any trust, only credit. It is a strong financial institution that has loaned 2.4 trillion won to 3.23 trillion people with 1,175 branches throughout Bangladesh and has returned to surplus since 93 with a loan rate of nearly 100%. Im disillusioned with theories that dont help people who are starving while teaching economics at university pulpits. Showed by thoughts and actions that are right. He says that in order to overcome poverty, we need to help humans have hope, the starting point of all economic activities, rather than unconditional charity. The authors heartfelt writings, who have abandoned their comfortable university positions and tried to solve poverty by a system other than ideology, deeply touch the heart. He doesnt ask for legal responsibility, such as foreclosure of his salary, if he doesnt pay it back. Despite this risky way of doing business, the bank survived well and many people in Bangladesh got out of poverty.