To me, it doesn’t make sense. The poorest of the poor work twelve hours a day. They need to sell and earn income to eat. They have every reason to pay you back, just to take another loan and live another day! That is the best security you can have — their life.” The manager shook his head. “You are an idealist, Professor. You live with books and theories.” “But
Bangladeshi banker, Nobel Peace Prize recipient and the former Chief Adviser of Bangladesh
Muhammad Yunus (Bengali: মুহাম্মদ ইউনুস Muhammod Iunus) (born June 28, 1940) is a Bangladeshi banker and economist. He is the developer and founder of the concept of microcredit. In 2006, Yunus was awarded the Nobel Peace Prize.
From: Wikiquote (CC BY-SA 4.0)
Native Name:
মুহাম্মদ ইউনুস
Alternative Names:
Professor Muhammad Yunus
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Muhammad Iunus
From Wikidata (CC0)
In Bangladesh, if a woman, even a rich woman, wants to borrow money from a bank, the manager will ask her, ‘Did you discuss this with your husband?’ And if she answers, ‘Yes,’ the manager will say, ‘Is he supportive of your proposal?’ If the answer is still, ‘Yes,’ he will say, ‘Would you please bring your husband along so that we can discuss it with him?’ But no manager would ever ask a prospective male borrower whether he has discussed the idea of a loan