Friday, May 01, 2015

Banker to the Poor: Micro-Lending and the Battle Against World Poverty

Banker to the Poor: Micro-Lending and the Battle Against World PovertyBanker to the Poor: Micro-Lending and the Battle Against World Poverty by Muhammad Yunus

My rating: 4 of 5 stars


If you think there is no good left in the world, you should read Banker to the Poor. Muhammad Yunus takes us through his experience, going from a university teacher to a worker at the grassroots level, lending money to the poorest of village people, to help them get started through offering microcredit loans.

It's a fascinating story, of how an initial $27 helped 42 people get their life back on track again, to break free from the vicious circle of poverty. The Grameen organization has now spread and grown to more than just a bank, and reading the book gives a lot of hope, of how one man desiring to do good can actually accomplish it despite everyone and even the system working against him.

The only thing that made me uncomfortable while reading the book was how everything seemed to flow and progress so smoothly. Setbacks and negative experiences were dealt with in one paragraph, and the following success was given much more space. It would have been interesting to read a bit more about the problems and reflections on those experiences. All in all though, it's a very good book and well worh reading.



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