Muhammed Yunus: Banker to the Poor

The Bangladesh Genocides is remembered as the most concentrated genocide of the 20th century, however it is an astonishing act of overlooking. In an attempt to crush forces seeking independence for East Pakistan, the West Pakistani military regime unleashed an efficient campaign of mass murder which aimed at killing millions of Bengalis, and succeeded in doing so.

    Women in developing countries take out loans to start businesses and make money. Women struggling to make money take out these loans start a business to make money and pay off the debt from taking the loan. They are able to further support their family along with themselves as the debt is paid off and the business makes more money. Individuals living in poverty filled communities rely on informal employment to make money. Micro-credits have been directed more towards women because they invest money in goods and services. They do not need to depend on their husband for money when they have their own business to make money. When women take out loans to start their businesses they get stronger and get independence from their husband. When women invest in good and give services they help their family and themselves in an effective way. This could benefit women in poverty towards coming out of poverty.

Muhammad Yunus wrote an essay called The Stool Makers of Jobra Village and in this essay he talks about the villages in Bangladesh, more specifically the village of Jobra. There he experienced the poorest households and was there to see if he could be of any assistance. While there he met a woman named Sufiya Begum and hearing her story really is what set up his journey. He heard her heartbreaking story about how bad the struggle was for her to make money and pay off her weekly loans and it infuriated him. He makes many points in his essay but also shows many emotions and opinion, with that being said you could split his essay up into three categories to see exactly what emotions are there. We will talk about Logos that is the reasoning, Ethos,

In both developing and emerging economies, microfinance has vastly and increasingly been seen as one of the most important means for enhancing the lives of the poor and therefore a major tool for economic and social development mostly in rural areas. Lately, contrary to this widespread belief, critics have raised eyebrows against this growing popularity of microfinance as a major tool for enhancing economic development. Contrary to belief, they are of the opinion that microfinance is a ‘make-belief’ that is hindering economic and social development rather than enhancing it.

269). There is no easy way for those with little money to begin earning interest on savings or obtain loans with reasonable interest rates: the banking community is failing the poorest people (Banerjee & Duflo, 2012, p. 269). Also, Banerjee and Duflo (2012) assert that medical and agricultural insurance are not favored by the poor in spite of the fact that they could benefit greatly from such products (269). Their proposed solutions come in the form of microcredit (to provide access to more reasonable loans), electronic money transfer systems (to reduce the fixed costs of saving), and rewarding people for making good financial decisions (either via markets or the government if needed) (Banerjee & Duflo, 2012, p. 270). The incentives could even be something unrelated, such as bed nets, which then help the recipients in more than one way (Banerjee & Duflo, 2012, p. 270). This would need to be coupled with government regulation so that unscrupulous individuals wouldn’t have a way to easily game the system (Banerjee & Duflo, 2012, p. 270).

The variations in the living standards among the people from place to place, and from time to time have always been existent. Greed, injustice and inequality are the three sides of the triangle of poverty and wherever we see them, poverty is always there. Humans cannot overcome a serious problem such as poverty without addressing those three main causes. Even this problem is worldwide; it varies from one area to another. It is higher in areas which were colonized for a long time before such as Africa, Asia and Latin America than other areas which were not colonized for a long time such as Europe and America. We cannot imagine the swift change that happens in the last century in poverty. Surprisingly, it is only one percent of the population that controls most of the international financial assets, creating a massive change in the international landscape of poverty. It was mentioned in the introduction to the text that was taken from Jacob Riis’ book “How the Other Half Lives” this quotation: “Curiously, today, that economic divide has changed and we now speak of a much wider division: the one percent versus nighty nine percent”. It is interesting, but not surprising to see today with all modern thinking and technological progress, poverty is still growing to threaten our existence and it doesn’t seem to go away anytime soon. Most definitely, without addressing the three sides of the triangle of poverty which are greed, injustice and inequality, nothing really will work

Poverty has stricken many developing nations. However, there are many ways to limit things like this from occurring, micro-loans being one of those things. It is apparent that women in developing countries are empowered by micro-loans. Micro-loans are a small amount of money given to small businesses. Micro-loans help make women more independent and help them not rely on their husbands for money. It helps these women in poverty get their kids and themselves an education with the money they receive. Additionally, micro-loans make it possible for women starting a business, in order to make more money. There are many benefits for women receiving micro-loans.

For Victoria’s case, she needs the money to buy more potatoes and quinoa to make sure her shop has all the proper vegetables (Kiva.org). If Victoria can keep her shop well stocked, she may attract more customers and make more money. By earning more money, Victoria can improve her quality of life. According to Plan Canada “microfinancing can lead to improved access to clean water and better sanitation while also providing better access to health care” (plancanada.ca). Research shows that microfinance loans are better suited for women because they are less likely to miss payments on their loan and it helps them feel empowered (plancanada.ca). By lending to Victoria, she will feel empowered and will be able to support herself and her family. Also, because she is a woman, she is less likely to miss

Junior Thesis: Effects of Overpopulation and How to Solve It Society includes both good and bad elements that make society better or worse. People in society all hates problems that occur in the society. Sadly, there are many problems the society may face today and people in the society may realize these problems too. The terrible conflicts in the society can lead to destruction to the economic and social life.

D. Thesis: The Gilded Age exchange between Andrew Carnegie and working people’s clarifies wealthy people condescending approach toward workers and their response.

In article 3, the main point he is trying to make is that though poverty may seem impossible to end, it actually is possible to end-but it is up to us. Evidence is when it says “Madiba, you taught us is that nothing is impossible.” More evidence of this is when it says “Every time they did it because they felt like it needed to be done, because it looked impossible. If you think that creating a world without any poverty is impossible let's do it.) Some things I liked about this article are when he talks about how the poor are just as capable as us, but society never gave them a chance. In the article, it says “There is nothing wrong with poor people-they are just as capable as anyone else- but society never gave them a chance.” I also like how he mentioned that most of the workers in Grameen bank are females. Some evidence of this is when he says “You keep your culture, I am making a counter culture.”

This novel likewise encompasses its character from erstwhile Pakistan, with a short portrayal about the condition in Lahore and Pakistan at the time of partition and the circumstances which constrained my characters to escape muslim dominated Pakistan.

At the beginning when Muhammad Yunus first introduced the idea of lending money to the poor people, there was a lot of apprehensiveness and skepticism among conventional banks because poor people

The generation of self-employment in non-farm activities requires investment in working capital. However, at low levels of income, the accumulation of such capital may be difficult. Under such circumstances, loans, by increasing family income, can help the poor to accumulate their own capital and invest in employment-generating activities (Hossain, 1988). Commercial banks and other formal institutions fail to cater for the credit needs of smallholders, however, mainly due to their lending terms and conditions. It is generally the rules and regulations of the formal financial institutions that have created the myth that the poor are not bankable, and since they can’t afford the required collateral, they are considered uncreditworthy (Adera, 1995). Hence despite efforts to overcome the widespread lack of financial services, especially among smallholders in developing countries, and the expansion of credit in the rural areas of these countries, the majority still have only limited access to bank services to support their private initiatives (Braverman and Guasch, 1986). In the recent past, there has been an increased tendency to fund credit programmes in the developing countries aimed at small-scale enterprises. In Kenya, despite emphasis on increasing the availability of credit to small and microenterprises (SMEs), access to credit by such enterprises remains one of the major constraints they face. A 1995 survey of small and

Bangladesh has got a population of around 150 million (2011) with a life expectancy at birth of around 63 years, and an adult literacy rate of 47.5%. The recent Human Development