3. Muhammad Yunus
Yunus saw a great need for a
bank that would lend money
to the poor.
So he had an experiment in
which he lent money to a
group of borrowers and
tracked results.
4. Muhammad Yunus
His experiments was
successful, the debts to him
were repaid.
He continued this lending
model until he succeeded in
founding the Grameen Bank in
Bangladesh in 1983.
5. Grameen Bank
“If you give a
man a fish, you
feed him for a
day. If you
teach him to
fish, you feed
him for a
lifetime.”
6. Grameen Bank
Grameen Bank in Bangladesh
pioneered the idea of giving out
micro-loans between $27 and
$500 to poor people.
These micro-loans were given to
the poor so they can start or
expand small businesses to pull
themselves out of poverty.
7. Grameen Bank
As of May 2008, Grameen Bank (GB)
has provided loans totalling $6-billion
to 7.5-million borrowers, 97% of
whom are women.
Most of the borrowers are women
because GB believes that they looks
to the future with a planned strategy
to improve the family situation.
8. Grameen Bank
Today, more than 250 institutions
in nearly 100 countries operate
micro-credit programs based on
the Grameen methodology,
placing Grameen Bank at the
forefront of a burgeoning world
movement toward eradicating
poverty through micro-lending.
10. Nobel Peace Prize 2006
The Nobel Peace Prize 2006
was awarded jointly to
Muhammad Yunus and
Grameen Bank "for their efforts
to create economic and social
development from below."
11. Banker to the Poor
Muhammad Yunus also
published a book that is
his autobiography entitled
“Banker to the Poor:
Micro-Lending and the
Battle Against World
Poverty.”
12. Banker to the Poor
“If you go out into the real
world, you cannot miss seeing
that the poor are poor not
because they are untrained or
illiterate but because they
cannot retain the returns of their
labor. They have no control
over capital, and it is the ability
to control capital that gives
people the power to rise out of
poverty.”