A Quote by Muhammad Yunus
Long live Grameen Bank. Let the power of poor women prevail.
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Grameen Bank was formed as an institution owned by its borrower members, who are poor women. Through its unique decision-making process, Grameen Bank has given millions of women the means to emerge from the shadows in a male-dominated society and to make something of themselves.
If the basic structure of Grameen is changed, the worry is that the poor women who are the rightful owners of the bank will be disenfranchised.
I founded Grameen Bank to provide loans to those considered traditionally unbankable. Grameen Bank works with the poorest and often illiterate, providing uncollateralized micro-loans for tiny business enterprises by which they can lift themselves and their families out of poverty.
The Grameen Bank Ordinance with amendments up to 2008 is a beautiful legal structure for the fulfillment of the ideals and objectives of the bank. Any change in this structure will be devastating for the bank.
Soon we saw that money going to women brought much more benefit to the family than money going to the men. So we changed our policy and gave a high priority to women. As a result, now 96% of our four million borrowers in Grameen Bank are women.
Young women don't want to be called feminists because it's not sexy and ah they think that their mothers and grandmothers have achieved everything they want. They don't know how poor women live, how women in rural places live, how 80 percent of women in the world are the poorest of the poor, how still there are 27 million slaves, and most of them women and girls.
We think, over the long term, the real key to value of a bank is does it have true deposits from true long-term customers? People who actually know the bank, live in the neighborhood, work there, maybe have a mortgage there, credit card... That, to us, is the key to a bank.
Poverty assumes so many aspects here in India. There aren't only the poor that you see in the cities, there are the poor among the tribes, the poor who live in the forest, the poor who live on the mountains. Should we ignore them as long as the poor in the cities are better off? And better off with reference to what? To what people wanted ten years ago? Then it seemed like so much. Today it's no longer so much.
I have come to believe, deeply and firmly, that we can create a poverty free world if we want to. I came to this conclusion not as a product of a pious dream, but as a concrete result of experience gained in the work of the Grameen Bank.
One of the reasons inequality gets so deep in this country is that everyone wants to be rich. That's the American ideal. Poor people don't like talking about poverty because even though they might live in the projects surrounded by other poor people and have, like, ten dollars in the bank, they don't like to think of themselves as poor.
One of the reasons inequality gets so deep in this country is that everyone wants to be rich. That's the American ideal. Poor people don't like talking about poverty because even though they might live in the projects surrounded by other poor people and have, like, ten dollars in the bank they don't like to think of themselves as poor.
There is no slave, after all, like a wife...Poor women, poor slaves All married women, all children and girls who live in their father's house are slaves.
You are wrong when you say there is no power in being a woman. When I think of my mother and the women in my tribe, and the hidden women in the harem, I know there are many types of power in this world...I found power in accepting the truth of who I am. It may not be a truth that others can accept, but I cannot live any other way. How would it be to live a lie every minute of your life? I don't think I could do it.
No one can say how long the process of human extinction might take, but as it proceeds, the same global order will prevail that always prevails: rich nations will find ways to protect themselves and make themselves comfortable, while the poor nations and the poor people of the planet will suffer.
When you live in a poor neighborhood, you are living in an area where you have poor schools. When you have poor schools, you have poor teachers. When you have poor teachers, you get a poor education. When you get a poor education, you can only work in a poor-paying job. And that poor-paying job enables you to live again in a poor neighborhood. So, it's a very vicious cycle.
The Grameen clinics prove that a medical system 'for the poor' can be almost entirely self-supporting, and we hope we can make it fully self sufficient so we can expand it across Bangladesh.
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