StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Banker to the Poor by Muhammad Yunus - Essay Example

Cite this document
Summary
The author, Yunus, highlights views that concern societal sense of right and wrong instead of greediness that exist in a society that practices capitalism…
Download free paper File format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Banker to the Poor by Muhammad Yunus
Read Text Preview

Extract of sample "Banker to the Poor by Muhammad Yunus"

   Banker to the Poor In my view, chapter 4 and 5 of the book remove any doubt that hunger and poverty can beeliminated. It depicts how individuals can work towards curbing poverty and other social ills like hunger. The author, Yunus, highlights views that concern societal sense of right and wrong instead of greediness that exist in a society that practices capitalism. Moreover, these social principles highlighted by Yunus are clear and contagious that increase optimism in people. Nonetheless, his ideas can be termed naive if they do not prove to be a success.

Yunus’ accomplishments in highlighting views, in his book, are tremendous (Yunus 66). The book addresses concerns in a clear and proper manner that it may push a person to offer assistance. Yunus highly considers the people’s position in the society and their mindset. In examining and giving a clear explanation about poverty, the book provides readers with a feeling that they have an easy solution to poverty, as opposed to the belief that it is complex. Yunus developed a program on the basis of his principle that extremely poor individuals do not require intricate guidance schedules to enhance their economic capacity.

It is clear that these poor people could do with finance provided in loan form. These loans will help empower a large number of people. In addition, a loan program like that promoted by Yunus would build trust in economic professionals who hold a belief that poor individuals do not have the capability or find the initiative to repay their loans. Poor people use survival as motivation to repay their loans (Yunus 81). Work Cited Yunus, M. Banker to the Poor: Micro-Lending and the Battle against World Poverty.

New York: Public Affairs, 2007. Print.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Banker to the Poor by Muhammad Yunus Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Banker to the Poor by Muhammad Yunus Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/literature/1602718-banker-to-the-poor-by-muhammad-yunus
(Banker to the Poor by Muhammad Yunus Essay Example | Topics and Well Written Essays - 250 Words)
Banker to the Poor by Muhammad Yunus Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/literature/1602718-banker-to-the-poor-by-muhammad-yunus.
“Banker to the Poor by Muhammad Yunus Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/literature/1602718-banker-to-the-poor-by-muhammad-yunus.
  • Cited: 0 times

CHECK THESE SAMPLES OF Banker to the Poor by Muhammad Yunus

The Purpose of Microfinance

However, at the individual level, microfinance was considered by muhammad yunus as the way to help the poor start an income that could eventually bring them out of the state of poverty.... the poor stand to benefit when investments are made to ensure better health and education leading to increased current consumption and higher future incomes.... Microfinance, according to the World Bank, is the ‘provision of financial services' (including saving and credit) to ‘the poor' (Irobi, 2008)....
10 Pages (2500 words) Essay

The Paradox of Wealth and Poverty

This revolutionary financial innovation originated with the establishment of the Grameen Bank by Muhammad yunus, winner of the 2006 Nobel Peace Prize, who had started working on this issue back in the year 1976.... An attempt in recent years to find a solution to this globally prevalent problem has been the made by nations by implementing the concept of “Microfinance”, which ensures provision of a wide range of financial services to the very poor....
19 Pages (4750 words) Research Paper

Muhammad Yunus and Microcredit

Yunus indeed is a real “banker to the poor”.... The microcredit strategy includes providing credit to the poor without involving any collateral.... As per Yunus after he has started to lend money to the poor, the only question in his mind was “How do I do more of this?... As muhammad yunus narrated his story and how microcredit was born, it was very interesting to know that the narrator once lived in a very poor country but managed to build himself up despite this fact....
1 Pages (250 words) Essay

Changes in Social Lending

banker to the poor: Micro-Lending and the Battle Against World Poverty.... Professor Muhhamad yunus occupies a special place in many people's hearts, especially those who deem him a financial messiah after saving them from the choppy sea that is their financial woes.... In so many third worlds cum developing nations especially; Micro-Lending Muhhamad yunus occupies a special place in many people's hearts, especially those who deem him afinancial messiah after saving them from the choppy sea that is their financial woes....
1 Pages (250 words) Essay

S4 W8 Second WA

banker to the poor.... - They are committed to facilitate people on the concept of microcredit introduced by muhammad yunus in Bangladesh (Yunus, 2003).... This NGO is based in Bowen Island, Canada.... The Africa Village Project came into being in 2007.... The ideology of AVPA revolves around the concept of “One World, One Commnity....
2 Pages (500 words) Assignment

Small Scale Lending as Both Costly Activity

From the paper "Small Scale Lending as Both Costly Activity" it is clear that microfinance institutions target the rural poor by proving them with financial services to run their businesses, pay school fees for their children, and perform other functions.... Since the same interest rate is charged for both large and small scale clients, banks prefer dealing with large clients in order to save costs involved when dealing with many small scale clients (yunus 135)....
7 Pages (1750 words) Essay

Social Entrepreneurism - Grameen Danone Foods Limited

In addition, this discussion also offers some critique of the ideas postulated by muhammad yunus as well as opinions regarding the "best practices" for an effective social entrepreneur and/or social businessperson.... This paper, drawing from muhammad yunus' Creating a World without Poverty investigates the idea of social business and using the Grameen/Danone joint venture as a case example, attempt to link social business and social entrepreneurship.... However, yunus believes capitalism in its current form, can be used as the device that determines...
12 Pages (3000 words) Coursework

Discussion board

A major and most tragic manifestation of poverty is hunger as described by Mohammad Yunus in his book banker to the poor.... banker to the poor, PublicAffairs, 2007... From this concept, Grameen Bank evolved that provides un-collateral loans to the poor.... Rich countries often provide financial resources to the poor countries, but this is not the solution since it cannot eradicate poverty in large scale.... Serving the poor is an ethical issue and should be done by everyone as response to humanity....
2 Pages (500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us