Quote

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

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Muhammad Yunus
Age: 84
Born: 1940
Born: June 28
Banker
Economist
Entrepreneur
University Teacher
Chattagram
Like
Precise
Definition
Unknown
Definitions
Markings
Poverty
Unambiguous
Water
Navigation
Need
Distinctive
Needs
Waters

More quotes by Muhammad Yunus

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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.
Muhammad Yunus
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All people are entrepreneurs, but many don't have the opportunity to find that out.
Muhammad Yunus
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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
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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.
Muhammad Yunus
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People need such a small amount of money to deal with their own daily life. Because wherever I went to school they taught me about millions of dollars. I dealt with billions of dollars in national plans and investment plans and so on. Not this tiny money, $27 for 42 people.
Muhammad Yunus
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...poor people are just as human as anyone else. They have just as much potential as anyone.
Muhammad Yunus
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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
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An individual poor person is an isolated island by himself and herself. IT can end that isolation overnight.
Muhammad Yunus
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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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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.
Muhammad Yunus
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Young people should think in a different way - they should be job givers not job seeker.
Muhammad Yunus
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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.
Muhammad Yunus
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...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
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The moment you say microfinance everybody wants to help you.
Muhammad Yunus
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If I could be useful to another human being, even for a day, that would be a great thing. It would be greater than all the big thoughts I could have at the university.
Muhammad Yunus
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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
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I had no idea that I would ever get involved with something like lending money to poor people, given the circumstances in which I was working in Bangladesh.
Muhammad Yunus
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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.
Muhammad Yunus
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Access to quality education has enabled me to reach far beyond the Bangladeshi village I grew up in.
Muhammad Yunus
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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