Banker to the Poor

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.