Summary of Banker to the Poor
First Edition: 1999
Copyright © 1999, 2003 by Muhammad Yunus
Published by Public Affairs, a member of Perseus Books LLC
Looking for the book?
We have the summary! Get the key insights in just 10 minutes.
In 1974, while Muhammad Yunus was teaching economics in Bangladesh, the country was ravaged by famine. Increasingly uncomfortable teaching abstract theories while starving people shuffled by outside his classroom, Yunus realized his economic education was incomplete. To complete it, he went to local villages to "learn from the poor" about what they actually needed rather than what a textbook said they should have. The answer was credit, so Yunus founded a bank to provide it - Grameen Bank. The name means the "bank of the village." Today, Yunus is a Nobel Peace Price winner and Grameen Bank has extended credit to more than 2.6 million people. This down-to-earth, unsentimental autobiography recounts what inspired him, the obstacles he overcame and the ultimate success of this project, his life's work. getAbstract highly recommends it to anyone who wants to know how one person's efforts can have a huge impact.
In this summary, you will learn
- Why Muhammad Yunus established Grameen Bank;
- How he did it;
- What obstacles he faced;
- How the bank has succeeded; and
- How "microcredit" and other market-based programs can improve the lives of the poor.
About the Author
Nobel Peace Prize laureate Muhammad Yunus is the founder and managing director of Grameen Bank. He chaired economics at Bangladesh's Chittagong University.
Get the key points from this book in 10 minutes.
For your company
We help you build a culture of continuous learning.
Comment on this summary
By the same author
Public Affairs, 2010
Public Affairs, 2008
Customers who read this summary also read
Suhas Apte and Jagdish N. Sheth
University of Toronto Press, 2016
Shaun Smith and Andy Milligan
Kogan Page, 2015
Richard W. Painter
University of Chicago Press, 2015
Thomas Nelson Publishers, 2015