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Review "Not only does he possess a teacher's ability of explaining the most complex of situations in a simple manner, his enthusiasm and strong convictions are also compelling."--The Herald (UK) Product Description This book is an autobiographical account of the founder of the Grameen Bank, Muhammad Yunus. This work is a fundamental rethinking of the economic relationship between the rich and the poor, as well as their rights and obligations.
How can microcredit serve as a viable mechanism to eradicate poverty by empowering the marginalized through financial inclusion? Muhammad Yunus, a Nobel Peace Prize laureate and economist, details his transition from academic theory to the practical implementation of the Grameen Bank model in Bangladesh. He argues that traditional banking systems fail the poor by ignoring their creditworthiness, proposing instead a framework built on trust, social collateral, and small-scale lending to stimulate grassroots entrepreneurship.
What You Will Find
Experts and economists frequently cite this work as a foundational text for understanding the intersection of social entrepreneurship and development economics. Readers often note the clarity of the prose, which effectively translates complex financial concepts into accessible narratives for a general audience.
Page Count:
342
Publication Date:
2001-01-01
Publisher:
Oxford University Press
ISBN-10:
0195795377
ISBN-13:
9780195795370
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