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008 220304b ||||| |||| 00| 0 eng d
020 _a9781586481988
082 _a332.1095492
_bYUN
100 _aYunus, Muhammad
_94622
245 _aBanker to the poor: micro-lending and the battle against world poverty
260 _bPublic Affairs
_aNew York
_c2003
300 _aix, 273 p.
365 _aUSD
_b17.99
520 _aThe inspirational story of how Nobel Prize winner Muhammad Yunus invented microcredit, founded the Grameen Bank, and transformed the fortunes of millions of poor people around the world. Muhammad Yunus was a professor of economics in Bangladesh, who realized that the most impoverished members of his community were systematically neglected by the banking system — no one would loan them any money. Yunus conceived of a new form of banking — microcredit — that would offer very small loans to the poorest people without collateral, and teach them how to manage and use their loans to create successful small businesses. He founded Grameen Bank based on the belief that credit is a basic human right, not the privilege of a fortunate few, and it now provides $24 billion of micro-loans to more than nine million families. Ninety-seven percent of its clients are women, and repayment rates are over 90 percent. Outside of Bangladesh, micro-lending programs inspired by Grameen have blossomed, and serve hundreds of millions of people around the world. The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is the moving story of someone who dreamed of changing the world — and did.
650 _aRural poor
_95814
650 _aMicrofinance
_95664
650 _aGrameen Bank
_95815
650 _aEconomists
_92703
650 _aSocial reformers
_92688
942 _2ddc
_cBK