Banker to the Poor: The Autobiography of Muhammad Yunus, by Muhammad Yunus

By Muhammad Yunus

This publication is an autobiographical account of the founding father of the Grameen financial institution, Muhammad Yunus. This paintings is a basic rethinking of the industrial courting among the wealthy and the bad, in addition to their rights and tasks.

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Extra info for Banker to the Poor: The Autobiography of Muhammad Yunus, Founder of Grameen Bank

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They would perform a continuous twisting motion, wrapping the rice straw around their feet to force the paddy to separate from it. This would go on endlessly from morning to evening. Their wage depended on the amount of paddy they separated during the day’s work. They received one-sixteenth of the paddy they separated. This usually meant 4 kilos of paddy a day, which was worth about 40 US cents. The women would compete to find a convenient position against the wall to make it less tiring. They would race to arrive the earliest.

At that time there were six Bengalis from East Pakistan in greater Nashville (including myself). We all assembled in his house to decide what to do. We carried on collecting the news from all sources. The message was clear: the Pakistan army wanted to crush Bengalis once and for all. We collected all the information we could. We were terribly frustrated. We tried to sum up the situation and come to some decision. There was no clear consensus on the situation. One of us, a supporter of the conservative pro-Islamic Jamaat party, kept on saying, ‘We really don’t know what has happened.

I sat down with my students and explained how important it was to replace the lowyielding local variety of rice with a high-yielding variety developed in the Philippines. We sat down with the farmers to tell them how important this was for them. The farmers were amused. But we were very serious. We offered our free services to help them plant the high-yielding rice. University students and teachers became volunteer farmers. The whole village and the campus community watched us struggling to plant rice seedlings while knee-deep in mud.

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