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
Definitions
Markings
Poverty
Unambiguous
Water
Navigation
Need
Distinctive
Needs
Waters
Like
Precise
Definition
Unknown

More quotes by Muhammad Yunus

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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.
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
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My vision for the future? Two things: to make credit a human right so that each individual human being will have the opportunity to take loans and implement his or her ideas so that self-exploration becomes possible. And second: that it will lead to a world where nobody has to suffer from poverty - a world completely free from poverty.
Muhammad Yunus
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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.
Muhammad Yunus
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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
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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.
Muhammad Yunus
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The process of breaking down fear was always my greatest challenge and it was made easier by the careful work and gentle voices of my female workers.
Muhammad Yunus
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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
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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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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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Today, the concept of business is to make money. Making money is the name of the business.
Muhammad Yunus
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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
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I made a list of people who needed just a little bit of money. And when the list was complete, there were 42 names. The total amount of money they needed was $27. I was shocked.
Muhammad Yunus
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We believe that poverty does not belong in a civilized human society. It belongs in museums [...] A poverty-free world might not be perfect, but it would be the best approximation of the ideal.
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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...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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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.
Muhammad Yunus
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My experience working in the Grameen Bank has given me faith an unshakable faith in the creativity of human beings. It leads me to believe that humans are not born to suffer the misery of hunger and poverty. They suffer now as they did in the past because we turn our heads away from this issue.
Muhammad Yunus
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Making money is a happiness. And that's a great incentive. Making other people happy is a super-happiness.
Muhammad Yunus