Book report on the banker to the poor

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					                    Book report on the banker to the poor
By Muhammad Yunus khan

        In this book Muhammad Yunus tells the journey of his life and how he feels to
start a bank which provides money to the poor’s. In this book he explains his personal
life experience and his battle against poverty. He is an economic teacher in Chittagong
University in Bangladesh. When he sees the people with shortage of food or basic
needs he realized to do something for the poor’s to remove this situation. He realized
that the thing which is taught by us in universities were just a theories with no
application. These theories cannot help the poor’s. He wanted to know the reason
behind that a woman works many hours in a day and she is not able to fulfill its basic

        His friend Latiffe and he goes to the Jobra village and start interviewing the poor
in the village to actually know what is the cause of all this and why do the poor even
after a lot of hard work never get rich. He then goes in a house to a woman called Sufia
and asks her how she earns money to feed her family. She tells him that she works all
day and makes a bamboo stool she buys the wood from the money lender for 5 taka on
the condition that she would sell it to him for 5 taka 50 paisa. The money dealer actually
limits them in a sense that they have to buy the material and sell the product just to the
money lender in the price they demand. This limits the borrower because they can only
buy and sell from the money lender and they would only make as much profit as the
money dealer would want them to, that way they wouldn’t be able to get the profit they
deserve and would just be dependent on the money lender also they wouldn’t be able to
save anything.

       Then Muhammad Yunus realized the real cause behind this. He first gave 27$ to
42 women’s to start their own work and take more profit but after that he realized that its
not a proper solution. He should make a proper institute which would help the poor’s.
First he go the bank manager for helping the poor but bank manager didn’t agree with
his ideas than he talks to the headquarter he agrees with his own guarantee. The idea
and determination for the need of provide poor’s their basic funding is the main cause of
starting Grameen bank. One branch of the Janata bank was used as the first Grameen
bank they needed one million to start with.

      In this book he tells how he feels for the poor’s, he also says that his inspiration
and devotion to help the needy was adapted from his mother as she always helped the
needy relatives.

      The birth of the Grameen bank is very difficult as its main purpose is to give small
amount of loans to the poor’s. In start World Bank says that Grameen bank would be
bankrupt in next few years but they are wrong, after 1993 they statements changed as
Nauman Ayubi Butt       Roll # 8511
grameen improvised a lot and with the help of supporters and excellent strategies
Grameen bank improved a lot. Muhammad Yunus didn’t like the others banks strategy
as they just ignore the women’s and give loans mainly to men’s. If a women’s goes for
loan they say to come with their husbands. Grameen bank mainly focuses on women as
Muhammad Yunus thinks that women’s are more responsible than men’s. If we give
loans to the women’s than they must first see their Childs and their homes and wants to
improve that things. They designed their own houses with love. They used their own
money with the help of housing loans. They didn’t waste their money in unnecessary
things. They can use this money in education of their children’s and this also helps to
improve the economy.

       He introduces many things like Grameen phone, Grameen Check, Grameen
Fisheries Foundation, The Grameen Trust, through all these things they help a lot to
remove poverty. His main focus on micro-credit system in which the bank Grameen
bank give small amounts of money to the needy, this thing is not done by any other
bank. In the last he says about his dream a world without poverty, a world without third-
class or fourth-class citizens, a world without a hungry, illiterate barefoot underclass and
yes this would be a world that we could all be proud to live in.

Nauman Ayubi Butt        Roll # 8511

Description: This is the review and report on the the book Banker to the poor. It will help you identify what is on the book.