The Poor Always Pay Back: The Grameen II Story
by Asif Dowla
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List Price: $23.95
Our Price: $7.91
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Manufacturer: Kumarian Press
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Average Customer Rating: 
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Binding: Paperback
Dewey Decimal Number: 332.1091724
EAN: 9781565492318
ISBN: 1565492315
Label: Kumarian Press
Number Of Items: 1
Number Of Pages: 320
Publication Date: 2006-11-14
Publisher: Kumarian Press
Studio: Kumarian Press
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Spotlight customer reviews:
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Customer Rating:
Summary: A comprehensive look at Grameen Bank
Comment: No two people hold a more appropriate position to write about Grameen Bank than Asif Dowla and Dipal Barua. As former students of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus, Dowla and Barua have been apprised of the logic behind small loans since the Bank's inception. They have Yunus's trust and approval when it comes to sharing Grameen with the world, which readers can see in his found appraisal of Dowla and Barua in the preface.
"The Poor Always Pay Back: The Grameen II story" is a comprehensive account of the overhaul of the world's premier micro credit institution and it is suitable for novice students of economics, masters of the field, and everyone in between who may be curious about microcredit. The central tenet of the text is that the poor are bankable--despite the fact that they lack liquid capital, they can be trusted to repay loans and to use money in an enterprising fashion if given a fair opportunity and clear terms.
The book begins with a review of Classical Grameen and its effects on the poor in Bangladesh, focusing on the Bank's structure and clearly explaining the terms of micro loans (such as the "Sixteen Decisions" which are both described and illustrated). However, the majority of this work, as its title suggests, is devoted to explication and analysis of the advanced terms and products of Grameen II. Claims and conclusions are well supported with both quantitative and qualitative evidence, to which the two authors have prime access through their ties to the Bank, granting a great deal of authority to the book. Tables and appendices are nicely tied in with the text, and citations allow readers to conduct their own research on individual aspects of Grameen and microcredit if they so desire.
"The Poor Always Pay Back: The Grameen II story" is a good way to begin study of the growing institution of microcredit and the assumption that there is financial potential among the poorest of the poor.
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Editorial Reviews:
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Customer Rating:
Summary: A comprehensive look at Grameen Bank
Comment: No two people hold a more appropriate position to write about Grameen Bank than Asif Dowla and Dipal Barua. As former students of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus, Dowla and Barua have been apprised of the logic behind small loans since the Bank's inception. They have Yunus's trust and approval when it comes to sharing Grameen with the world, which readers can see in his found appraisal of Dowla and Barua in the preface.
"The Poor Always Pay Back: The Grameen II story" is a comprehensive account of the overhaul of the world's premier micro credit institution and it is suitable for novice students of economics, masters of the field, and everyone in between who may be curious about microcredit. The central tenet of the text is that the poor are bankable--despite the fact that they lack liquid capital, they can be trusted to repay loans and to use money in an enterprising fashion if given a fair opportunity and clear terms.
The book begins with a review of Classical Grameen and its effects on the poor in Bangladesh, focusing on the Bank's structure and clearly explaining the terms of micro loans (such as the "Sixteen Decisions" which are both described and illustrated). However, the majority of this work, as its title suggests, is devoted to explication and analysis of the advanced terms and products of Grameen II. Claims and conclusions are well supported with both quantitative and qualitative evidence, to which the two authors have prime access through their ties to the Bank, granting a great deal of authority to the book. Tables and appendices are nicely tied in with the text, and citations allow readers to conduct their own research on individual aspects of Grameen and microcredit if they so desire.
"The Poor Always Pay Back: The Grameen II story" is a good way to begin study of the growing institution of microcredit and the assumption that there is financial potential among the poorest of the poor.
Nobel Prize-winning microcredit institution Grameen Bank has financially empowered the poorest families in more than a hundred countries across the globe for over three decades through savings and loans. Recently, Grameen has undergone a complete overhaul of its system, creating "Grameen II" and seeking to make its loan programs more effective.
The Poor Always Pay Back not only uncovers how a major financial institution is able to change its system in response to the needs of its borrowers, but also how Grameen redefined and continues to redefine the basic assumptions of credit worthiness. The immense success of Grameen Bank shows a hopeful trend in the alleviation of poverty.
Grameen Bank II is addressing the frontier issues in microfinance: open access savings, flexible loan products, self reliance and absence of donor dependency for funds, and product development to cater to the needs of the retirees (Grameen Pension Scheme) and their adult children (Higher Education Loans). The story behind these and other innovations show why Grameen has become such an inspiration to those working for social justice everywhere.
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