Banker to the Poor. Book Review-V

Authors - Muhammad Yunus, Alan Jolis.

What started as an experiment in 1974 has today become one of the largest institutions in MicroCredit.

Microcredit is a concept that was not accepted easily by any banker in the 70s and the situation has improved only marginally even today, thats what yunus conveying in this book. As the title suggests Grameen is a bank which understands only one thing - Poor.
Some very good points in the book are:

-- The poor knows better how to fend for themselves than the guy sitting inside an airconditioned room in some swanky building.
-- Trust can be more powerful than mortgage.
-- Its good to have contacts in the government and use them appropriately required.

Though it is Yunus' Autobiography and one would expect personal annecdotes in between but there are a number of times when the author deviates too much from the Grameen story.

So read on if topics like poverty, development, society, upliftment etc. interest you.