Banker to the Poor: The story of the grameen bank
May 15, 2008 1 Comment
I’d recently heard a podcast in HBR review about the power of unreasonable people.
Also in reading the book “spider and starfish” there are references of how Muhannad Yunus had saved Bangladesh from becoming another hotbed of Islamic terrorists.
This book is a remarkable read and an inspirational book on how relentless persistance can change the world around us. This is a story of how a simple idea of giving credit without collateral can make such a big impact on the life of so many poor, and most importantly raise the morale of the poor.
What is noteworthy is that grammen bank has never been a government initiative. Muhammad Yunus mentions about innumerable instances where government bureaucracy and the banking system was the stumbling block in his initiaives.