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I went to the bank and proposed that they lend money to the poor people. The bankers almost fell over.
Muhammad Yunus
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Muhammad Yunus
Age: 84
Born: 1940
Born: June 28
Banker
Economist
Entrepreneur
University Teacher
Chattagram
Almost
Poor
Proposed
Money
Lend
People
Bankers
Banking
Bank
Fell
Went
More quotes by Muhammad Yunus
We have done some of these in Bangladesh. Whenever I see a problem, I immediately go and create a company. That's what I did all my life.
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What I learned in school, what I learned in the educational part of my life. Trying to acquire a kind of a bird's eye view. You drive hard and see everything. And that's called education because now you can see everything.
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Making money is a happiness. And that's a great incentive. Making other people happy is a super-happiness.
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Young people should think in a different way - they should be job givers not job seeker.
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Women have plans for themselves, for their children, about their home, the meals. They have a Vision. A man wants to enjoy himself.
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What we are trying to do is to create a social business in Bangladesh, a joint venture to create restaurants for common people. Good, healthy food at affordable prices so that people don't have to opt for food that is unhealthy and unhygienic.
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Policies are also to blame: the only thing that the governments and people can come up with to give to the poor people is charity. Poor people get hand outs from the state. But this is not a solution to poverty.
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This is not charity. This is business: business with a social objective, which is to help people get out of poverty.
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Poverty does not belong in civilized human society. Its proper place is in a museum. That's where it will be.
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There are cultural issues everywhere - in Bangladesh, Latin America, Africa, wherever you go. But somehow when we talk about cultural differences, we magnify those differences.
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I avoid grandiose plans. I start with a small piece that I can do. I go to the root of the problem and then work around it. It's building brick by brick.
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Health care can be made more affordable for the poor without requiring major new scientific developments, just the smart application of current technologies. We have seen a $25 incubator and diagnostic instruments that are built tough, cheap, and reusable for the developing world.
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Unprecedented technological capabilities combined with unlimited human creativity have given us tremendous power to take on intractable problems like poverty, unemployment, disease, and environmental degradation. Our challenge is to translate this extraordinary potential into meaningful change.
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By simply capitalizing on core strengths and knowledge, companies and entrepreneurs can engage in an emerging business model that will enable them to create - and demonstrate - real, sustainable social impact in society.
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If the helplessness and isolation of labour, who have nothing to sell but their labour, can be totally removed by connecting labour with capital through a universal credit system, we'll then have other kinds of actors on the economic scene different from what the existing capitalist world would allow us to bring out.
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I was trained to become an economist and I finished my work and I was teaching and did my PhD so I thought I did that. I prepared myself for that kind of road. But then I realized that I had not learned enough to solve the problem of poverty. So I distanced myself from the things that I learned and tried to learn anew about people.
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We can remove poverty from the surface of the earth only if we can redesign our institutions - like the banking institutions, and other institutions if we redesign our policies, if we look back on our concepts, so that we have a different idea of poor people.
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Human creativity is unlimited. It is the capacity of humans to make things happen which didn't happen before. Creativity provides the key to solving our social and economic problems.
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Making money is no fun. Contributing to and changing the world is a lot more fun.
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I'm finding that knocking at their mindsets is hard work. A simple knock will not make it crawl. I was trying to push it. I was trying to find a bird's eye view where I could find a big solution. So this is what I was trying.
Muhammad Yunus
