The Price of a Dream: The Story of the Grameen Bank
by David Bornstein
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Book Summary Information
Author: David BornsteinEdition: Paperback
Published: 2005-10-27
ISBN: 0195187490
Number of pages: 376
Publisher: Oxford University Press, USA
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Summary of The Price of a Dream: The Story of the Grameen Bank
The Price of a Dream tells the remarkable story of the Grameen Bank, the groundbreaking "village bank" that has revolutionized the way people around the world fight poverty. The Bank's model--providing collateral-free "micro-loans" for self-employment to millions of women villagers in Bangladesh--has inspired and shaped the thinking of economists, policy makers, business people, development workers and a generation of social entrepreneurs. Both liberal and conservative policy circles have championed the Bank's ability to transform the lives of its clients and help them escape the vicious cycle of deep economic hardship.Drawing upon interviews with villagers, development workers, economists, and the Bank's founder Muhammad Yunus--a recipient of numerous humanitarian awards--the book shows how the Grameen Bank grew from an experiment in one village to an organization that lends billions of dollars in small individual loans.
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