196 Quotes by Muhammad Yunus
- Author Muhammad Yunus
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The moment you say microfinance everybody wants to help you.
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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.
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Long live Grameen Bank. Let the power of poor women prevail.
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Here we were talking about economic development, about investing billions of dollars in various programs, and I could see it wasn't billions of dollars people needed right away.
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I began my work in the '70s, teaching at a university in Bangladesh, and these economic theories that I had learned stopped ringing true for me, as I saw the misery of people living all around me.
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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.
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I have always said that human beings are multidimensional beings. Their happiness comes from many sources, not, as our current economic framework assumes, just from making money.
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What we need is to think strategically about development, analyzing a country's potential role in its region and the world in search of opportunities for growth. Platforms like the Global Social Business Summit can facilitate the process on bringing about change.
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Health care can be made more affordable for the poor without requiring major new scientific developments, just the smart application of current technologies. We have seen a $25 incubator and diagnostic instruments that are built tough, cheap, and reusable for the developing world.
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