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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.
Muhammad Yunus
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Muhammad Yunus
Age: 84
Born: 1940
Born: June 28
Banker
Economist
Entrepreneur
University Teacher
Chattagram
People
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Poverty
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More quotes by Muhammad Yunus
I think, social business is the most logical thing to do. If we had done that, we could reduce all the problems we have.
Muhammad Yunus
People can change their own lives, provided they have the right kind of institutional support. They're not asking for charity, charity is no solution to poverty. Poverty is the creation of opportunities like everybody else has, not the poor people, so bring them to the poor people, so that they can change their lives.
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.
Muhammad Yunus
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.
Muhammad Yunus
I believe that we can create a poverty-free world because poverty is not created by poor people. It has been created and sustained by the economic and social systems that we have designed for ourselves the institutions and concepts that make up that system the policies that we pursue.
Muhammad Yunus
I went to the bank and proposed that they lend money to the poor people. The bankers almost fell over.
Muhammad Yunus
I was an economist now turning into a human being - as if these are two different things. I don't know but I did that and then I had no vision.
Muhammad Yunus
Capitalism has been interpreted as an exclusively profit-centric human engagement. Some have been saying to bring people and planet into the picture. This can be a good change, but it is still not fully operationalized. Are you putting people, planet and profit at the same level?
Muhammad Yunus
Soon we saw that money going to women brought much more benefit to the family than money going to the men. So we changed our policy and gave a high priority to women. As a result, now 96% of our four million borrowers in Grameen Bank are women.
Muhammad Yunus
Poverty is unnecessary.
Muhammad Yunus
The oneness of human beings is the basic ethical thread that holds us together.
Muhammad Yunus
Credit is a human right that should be treated as a human right. If credit can be accepted as a human right, then all other human rights will be easier to establish.
Muhammad Yunus
What is entrepreneurship, after all? Bigness is not the issue. Poor people are the ones who take challenges every day. The guy who sells a hot dog on the street is as much an entrepreneur as anyone else. Getting his $50 loan to start could be as difficult as finding $50 million for someone else. All people are entrepreneurs.
Muhammad Yunus
The only place where poverty should be is in museums.
Muhammad Yunus
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.
Muhammad Yunus
It's very difficult when you have learned something a certain way. Not only your mind absorbs it your eyes also are trained to see in a certain way because eyes are only as good as you've been trained to see.
Muhammad Yunus
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.
Muhammad Yunus
Today, the concept of business is to make money. Making money is the name of the business.
Muhammad Yunus
If you go out into the real world, you cannot miss seeing that the poor are poor not because they are untrained or illiterate but because they cannot retain the returns of their labor. They have no control over capital, and it is the ability to control capital that gives people the power to rise out of poverty.
Muhammad Yunus
To overcome poverty and the flaws of the economic crisis in our society, we need to envision our social life. We have to free our mind, imagine what has never happened before and write social fiction. We need to imagine things to make them happen. If you don't imagine, it will never happen.
Muhammad Yunus