Analysis Of Creating A World Without Poverty

2063 Words5 Pages

Franco, Mary Yochabel A.
4TE-2

Book Title: Creating a World Without Poverty
Author: Muhammad Yunus

A. INTRODUCTION

In the book: Creating a World Without Poverty, Muhammad Yunus expresses his ideas in solving the world's social problem. He explains his view in helping end poverty with the help on the potential of technology.Not only the global poverty that he wants to end but the problems which involves lack of focus to health care and education, gender discrimination, and inequality. He is looking forward to a more fair society for all.

Muhammad Yunus believes that social issues will be solved with the help of a social business. He elaborates about the details that social business would benefit the poor from its activities. One of Yunu's plan is his idea of a social stock market which investors who are socially focused would be interested about the buying and selling of shares in social businesses. He …show more content…

It is where the poor uses the bank's money which they must pay back. Yunus tried to ask the bankers to expand the program but some of them do not believe in this concept. They could not accept the fact that the poor can actually pay back their loans. Some of them even questioned if the people is really poor since they can afford to repay the loans. Yunus explained that they are really poor and to show proof of it he dares them to visit the poors' homes and they will see not a single furniture. He added that the poor repay the loans through nothing but hardwork. Instead of encouraging the bankers to expand the program on a district level, they discourage Yunus and his students having some reasons not to pursue the expansion. After working so hard in pursuing the expansion that Yunus and his students are planning, they were able to succeed in 1983 with a new law created which was name as Grameen Bank. Later on, it became more deeply involved in the social conditions of the less fortunate people in

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