Banker to the Poor: Difference between revisions
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http://www.gyanpedia.in/Portals/0/Toys%20from%20Trash/Resources/books/yunus.pdf | http://www.gyanpedia.in/Portals/0/Toys%20from%20Trash/Resources/books/yunus.pdf | ||
=Notes= | |||
*P84 - commercial banks have 10% repayment. Grameen boasted 99% repayment. | |||
Revision as of 18:25, 11 November 2018
Spectacular story of the rise of a Nobel Peace Prize winner.
Banking the unbanked and untouchable - lending to the poorest women of Bandladesh. Success came from lending groups of 5+ members where accountability and mutual aid were part of the design.
This went against all odds of marketing - the customers did not want loans, and there were tremendous pressures against women - who could not even leave their house unattended - taking charge of their self-determination.
Inspiring and eye-opening.
http://www.gyanpedia.in/Portals/0/Toys%20from%20Trash/Resources/books/yunus.pdf
Notes
- P84 - commercial banks have 10% repayment. Grameen boasted 99% repayment.