Muhammad Yunus Quotes

... culture is useless unless it is constantly challenged by counter culture. People create culture; culture creates people. It is a two-way street. When people hide behind a culture, you know that's a dead culture.

Most rich nations use their foreign aid budget mainly to employ their own people and to sell their own goods, with poverty reduction as an afterthought. The 25 percent that is spent in Bangladesh usually goes straight to a tiny elite of local suppliers, contractors, consultants, and experts. Much of this money is used by these elites to buy foreign-made consumer goods, which is of no help to our country’s economy or workforce.

Human beings are not just workers, consumers, or even entrepreneurs. They are also parents, children, friends, neighbors, and citizens. They worry about their families, care about the communities where they live, and think a lot about their reputations and their relationships with others.

Mother always put money away for any poor relatives who visited us from distant villages. It was she, by her concern for the poor and the disadvantaged, who helped me discover my interest in economics and social reform.

As a social business, Grameen Danone follows the basic principle that it must be self-sustaining, and the owners must remain committed to never take any dividend beyond the return of the original amount they invested. The company’s success is judged each year not by the amount of profit generated, but by the number of children who escape malnutrition in that particular year.

I am not a capitalist in the simplistic left/right sense. But I do believe in the power of the global free-market economy and in using capitalist tools. I believe in the power of teh free market and the power of capital in the marketplace. I also believe that providing unemployment benefits is not the best way to address poverty. The able-bodied poor don't wan tor need charity. The dole only increases their misery, robs them of incentive and, more important, of self-respect.

Thus, the social business might be described as a “non-loss, non-dividend company,” dedicated entirely to achieving a social goal.

I would define development by focusing on the quality of life of the lower 25 percent of the population.

There is no room in the economic literature for people making a living through self-employment, finding way to develop goods or services that they sell directly to those who need them. But in the real world, that's what you see the poor doing everywhere.

When a destitute mother starts earning an income, her dreams of success invariably center around her children. A woman's second priority is the household. She wants to buy utensils, build a stronger roof, or find a bed for herself and her family. A man has an entirely different set of priorities. When a destitute father earns extra income, he focuses more attention on himself. Thus money entering a household through a woman brings more benefits to the family as a whole.

If you go out into the real world, you cannot miss seeing that the poor are poor not because they are untrained or illiterate but because they cannot retain the returns of their labor. They have no control over capital, and it is the ability to control capital that gives people the power to rise out of poverty.

we lent to poor women, the more I realized that credit given to a woman brings about change faster than when given to a man.

Indeed, just that year we had actually rejected a $200-million low-interest loan from the World Bank. I also told Conable, who was bragging about employing the best minds in the world, that hiring smart economists does not necessarily translate into policies and programs that benefit the poor. I

We will make yogurt with all kinds of nutritious elements. We want to provide nutrition to the poor and children.

..things are never as complicated as they seem. It is only our arrogance that prompts us to find unnecessarily complicated answers to simple problems.