Grameen Bank

I just finished the book Banker to the Poor: Micro-Lending and the Battle Against World Poverty. It is the autobiography of Prof. Muhammad Yunus, founder of the Grammen Bank. He observed that the poorest of the poor are very hard-working, but they barely make enough to live from hand to mouth. Prof. Yunus believes that they can break out of the cycle of poverty with just a tiny bit of capital. Grameen Bank provides exactly that. It extends small loans to these poor people so that they can start a profitable venture. And it works. Millions of people have benefited from the Grameen Bank. It is truly inspiring to read its story.