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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
Poverty
Inspiration
Help
Business
Social
Helping
Objective
People
Objectives
Charity
More quotes by Muhammad Yunus
I should never seek a job in my life, my mission in life is to create jobs. I am not a job seeker, I am a job giver.
Muhammad Yunus
The challenge I set before anyone who condemns private-sector business is this: If you are a socially conscious person, why don't you run your business in a way that will help achieve social objectives?
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
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.
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
Like navigation markings in unknown waters, definitions of poverty need to be distinctive and unambiguous. A definition that is not precise is as bad as no definition at all.
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
Women have plans for themselves, for their children, about their home, the meals. They have a Vision. A man wants to enjoy himself.
Muhammad Yunus
Today, the concept of business is to make money. Making money is the name of the business.
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
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
...one cannot but wonder how an environment can make people despair and sit idle and then, by changing the conditions, one can transform the same people into matchless performers.
Muhammad Yunus
..things are never as complicated as they seem. It is only our arrogance that prompts us to find unnecessarily complicated answers to simple problems.
Muhammad Yunus
Credit markets were originally created to serve human needs to provide businesses and individuals with capital to start or expand businesses or fulfill other financial needs.
Muhammad Yunus
Here we were talking about economic development, about investing billions of dollars in various programs, and I could see it wasn't billions of dollars people needed right away.
Muhammad Yunus
Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.
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
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.
Muhammad Yunus
An individual poor person is an isolated island by himself and herself. IT can end that isolation overnight.
Muhammad Yunus
Money commands everything because that's our interpretation of capitalism ... what kind of world is that? It's a very uncomfortable interpretation of a human being. We have been turned into robots.
Muhammad Yunus
