2. What is Poverty?
Poverty is the state where a person or a group of persons
lacks sufficient money or resources to live at a standard
considered comfortable or normal in a society.
Poverty is a serious problem in our society. More than half of
the people in the world live in poverty (less than $2.50 a day).
3. Poverty in the World
There are 2.2 billion children in
the World. Out of these 2.2
billion, 1 billion of them are
living in poverty.
1 in 3 children do not live in an
adequate shelter. On top of
that, according to UNICEF
statistics, more than 22
thousand children die every
day due to poverty. This adds
up to more than 8 million
children dying due to poverty
The richest 20% of the
population account for 75% of
all the wealth in the World.
4. Professor Muhammad Yunus
Prof. Muhammad Yunus, Nobel Laureate of the Nobel Peace Prize
2006 along with Grameen Bank, which he founded.
Muhammad Yunus found that it was possible with tiny amounts of
money not only to help those who suffer from debts survive, but also
to create the spark of personal initiative and enterprise necessary to
pull themselves out of poverty.
5. Professor Muhammad Yunus
Muhammad Yunus and Grameen Bank were awarded the Nobel
Peace Prize for 2006 for their work to "create economic and social
development from below". Grameen Bank's objective since its
establishment in 1983 has been to grant poor people small loans on
easy terms – known as micro-credit.
According to Yunus, poverty means being deprived of all human
value. He regards micro-credit both as a human right and as an
effective means of emerging from poverty: Lend the poor money in
amounts which suit them, teach them a few basic financial principles,
and they generally manage on their own.
6. Grameen Bank
On any working day Grameen collects an average of $1.5 million in
weekly instalments. Of the borrowers, 97% are women and over 97%
of the loans are paid back, a recovery rate higher than any other
banking system. Grameen methods are applied in projects in 58
countries, including the US, Canada, France, The Netherlands and
7. What can we do to stop Poverty?
Contribute as much as we can to charity organizations and funding
Encourage our friend to contribute by educating them on the
situation in the World.
Volunteer for charity work to help the poor with our own hands.
Oxford English Dictionary, Second Edition, Oxford University Press 1989