Book Review: Banker to the Poor, The Story of Grameen Bank, Aurum Press Ltd, London, 1998, ISBN 978-1- 85410-924-8, pp 313
doi: https://doi.org/10.35536/lje.2009.v14.i1.a7
Nina Gera
Abstract
Yunus, Muhammad with Alan Jolis, Banker to the Poor, The Story of Grameen Bank, Aurum Press Ltd, London, 1998, ISBN 978-1-85410-924-8, pp 313, Price: UK Pounds 8.99. It is the firm conviction of Muhammad Yunus, winner of the Nobel Peace Prize, that poverty can be eradicated and put away in museums once and for all. As the author puts it, the bottom line of his belief system is that ‘poverty does not belong in a civilized human society. It belongs in museums’. This is what motivated this stalwart to establish the Grameen Bank in Bangladesh, the pioneer in the field of micro-finance for the poor. Today, Grameen Bank can boast that it provides 2.5 billion dollars of micro-loans to over two million rural poor in the country.
Keywords
Book review, Muhammad Yunus, Grameen Bank, microfinance, micro-finance