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In 1983, against the advice of banking and government officials, Professor Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with miniscule loans. ... His solution to world poverty, founded on the belief that credit is a fundamental human right, is brilliantly simple: loan poor people money, promote a few sound financial principles to live by, and they will help themselves.
In Banker to the Poor, Yunus describes the many hurdles to putter his ideas into action-battles with bank bureaucrats, the deep-rooted fears of his first, tentative borrowers, devastating floods and famines-as well as the victories-the first Grameen branch opening in Jobra village and the first cell phone delivered to a proud village "telephone lady".