Review of the book " Banker to the Poor”- by MUHAMMAD YUNUS- by LG 9 �
REGARDING THE AUTHOR:
Prof. Mohammed Yunus is a Bangladeshi banker and economist. This individual previously was a professor of economics where he developed the concept of microcredit. These financial loans are given to entrepreneurs too poor to qualify for traditional bank financial loans. Yunus is also the president of Grameen Lender in 2006; Yunus and the Grameen bank were jointly awarded the Nobel Tranquility Prize, " for their work to create financial and social development coming from below. ” Yunus him self has received other national and international honors. REVIEW OF THE BOOK:
Company To The Poor is an astonishing story of how a man which has a vision, solid values and tremendous endurance could replace the status quo and just how he founded a completely new and ground-breaking institution of Micro Credit rating in the form of his Grameen Traditional bank. Yunus begins the publication with describing the things which usually motivated him to start the Grameen Financial institution and how he analyzed the basis cause of the misery in the rural ladies of Bangladesh who work harder day and night and still not able to step out of the clichés of poverty, thanks to the middle section men and money loan providers. So this individual found out that how a meager loan can easily free the full village through the poverty. Then he offers taken a major view on the donor system that prevailed at that time. He has reviewed in detail his conflicts together with the World Bank. He offers justified his views resistant to the system of donor funding by making use of the case of a beggar and just how a person paying him few cents is spoiling his life. He rejected huge amount of loans coming from World Traditional bank and his achievement also motivated the elderly leadership of World Financial institution to change all their views. In that case he mentioned his child years and pupil life experiences. He had been subject to lots of clashes in his life. At a single point of time they were a very happy family members before his mother suffered with a mental illness which worsened over time. He was very close to his mother and he sensed she had lots of affect on his your life. He as well admires his father. His father under no circumstances accepted beat and had trouble a lot to help to make things better for the family. His father appreciated education a lot and he made sure that most his kids got the best of it. He also talks about how this individual proved himself by successfully starting a small business of presentation material. In that case he stocks his activities in America in which he pursued his PhD. He has analysed the differences in the country and America. This individual has also talked about two of his teachers who also he popular a lot. A single was coming from Chittagong College or university and a single was the Romanian professor in his American university or college. Yunus has given reveal account of how he participated in the personal movement intended for the formation of Bangladesh. During those times he was educating at Midsection Tennessee State University. On 25th Drive 1971, the liberation conflict started in Bangladesh and Yunus' earlier ideas to return to Bangladesh were cancelled. He started keeping a close enjoy on the events in Dhaka. He had always felt for his motherland and always desired to do something because of it. The incidences back home triggered him to take action. He created a local community of Bengalis and provided interview to the press urging American authorities to put pressure on Pakistan government. Through this community he do everything he could to create this issue for the notice of international community. Later, upon 16th 12 , 1971, Bangladesh won the war of independence nevertheless the country was ruined at that time. The economy was shattered. A large number of people were wiped out and many had been residing in the refugee camps of agony. At this moment, Yunus decided to go to Bangladesh to participate in nation building. Yunus returned coming from America in 1972 with a large amount of idealism and hope. He joined the planning commission nevertheless felt disappointed with his job. Therefore , he decided to sign up for Chittagong School as a mentor. Out of his authentic concern regarding the world about, he...