
Muhammad Yunus and the Grameen Bank
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Narrated by:
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Atiya Afifi Mashfi
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By:
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Roger Workman
About this listen
Muhammad Yunus, a Bangladeshi economist and social entrepreneur, is renowned for his pioneering work in microfinance through the Grameen Bank, an institution he founded in 1983. Yunus's vision was to address the issue of poverty by providing financial services to the poorest segments of society, who were traditionally excluded from the conventional banking system due to lack of collateral and credit history.
The Grameen Bank's core innovation lies in its microcredit model, which offers small loans to impoverished individuals, primarily women, without requiring physical collateral. Instead, the bank relies on the social collateral of borrower groups. These groups, formed by individuals who are often from the same community, provide mutual support and ensure each other's loan repayment. This system not only mitigates the risk for the bank but also fosters a sense of community and accountability among borrowers.
Yunus’s approach challenged traditional banking practices by focusing on trust and social capital rather than financial assets. The Grameen Bank’s model has achieved remarkable success, with high repayment rates and a substantial impact on improving living conditions for millions of people. It empowers borrowers to start or expand small businesses, enhancing their economic opportunities and contributing to poverty alleviation.
The success of the Grameen Bank has had a profound global influence, inspiring numerous microfinance initiatives and demonstrating that innovative financial solutions can drive significant social change. In recognition of his efforts to create a more inclusive and equitable financial system, Yunus and the Grameen Bank were jointly awarded the Nobel Peace Prize in 2006. Their work has underscored the potential for economic empowerment to transform lives and has cemented Yunus’s legacy as a leading advocate for social and economic justice.
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The possibility of chakra, which has its foundations in antiquated Indian otherworldly practices, represents the body's undetectable yet strong energy habitats. The name "chakra" itself comes from Sanskrit and signifies "wheel" or "circle," meaning the steady progression of energy expected to keep one's body, psyche, and soul as one. The idea of chakras has impacted contemporary energy recuperating, reflection, and comprehensive prosperity exercises regardless of serious areas of strength for having connections to Buddhism and Hinduism.
By: Nicole Stacey
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Forex Technical Tools
- The Impact of Trend Lines on Successful Forex Strategies
- By: Harry Owen
- Narrated by: C.S Cyan
- Length: 15 mins
- Unabridged
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Known for its high liquidity and continuous fluctuations, the forex market needs dealers to effectively break out cost trends to make educated trading decisions. Specialized research is one of the most often used methods for comprehending and projecting market behavior. This method emphasizes reliable cost data and outlines examples, and specific points to separate possible trading open doors.
By: Harry Owen
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Sweet Slumber Stories
- A Bedtime Treasury for Little Dreamers
- By: Lizzie Justine Wood
- Narrated by: C.S Cyan
- Length: 10 mins
- Unabridged
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Living in a community tucked between the undulating hills and the unceasing sky, Lara was a girl who could dream well into the darkness. Unlike the other kids, who would spend their days assisting their family on the town square or playing in the fields, she did not like rather, Lara spent her evenings on the tallest hill weaving silver light threads between her fingers into the heavens where they became stars. Not even Lara herself knew from whence her magic originated. She had only reached up into the darkness and felt something pull at her hands the first time it occurred.
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Options Trading to Unlock Profits
- The Essential Guide to Unlocking Profits with Strategic Options Trading
- By: William Alan
- Narrated by: C.S Cyan
- Length: 15 mins
- Unabridged
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A fundamental component of the financial industry sectors, choices trading gives financial backers opportunities to fence gambles, create pay, and project on cost changes. Unlike traditional stock trading, choices trading gives the buyer the right, but not the obligation to exchange a basic resource at a foreordained cost either beforehand or on a specified lapse date. Usually used by merchants, institutional financial backers, and portfolio managers to monitor danger and enhance portfolio execution, these agreements are known as choices.
By: William Alan
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The Art of Subtle Control
- Recognizing Signs of Psychological Control and Navigating the Landscape of Social Influence
- By: Ella Ruby
- Narrated by: C.S Cyan
- Length: 15 mins
- Unabridged
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A complicated and multifarious notion, manipulation is mostly about our capacity to direct, influence, or control people, events, or results. It is profoundly rooted in human contacts and shapes people's communication, persuasion, and power assertion techniques. Though it is usually connected with negative connotations, manipulation is neither always good nor bad. The ethical consequences of the activity depend on its goal, technique, and effect. Manipulation is fundamentally the strategic use of knowledge, emotions, or actions to get a desired result.
By: Ella Ruby
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Trading Mastery
- Maximizing Profits with Cutting-Edge Trading Strategies
- By: Cameron Freddie Wilburn
- Narrated by: C.S Cyan
- Length: 11 mins
- Unabridged
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Learning the foreign currency market requires more than a basic awareness of the concepts behind buying and selling. Traders search for increasingly sophisticated techniques to optimize their gains and lower their risk as they become more experienced. An advanced trading strategy is a sophisticated way to manage market complexity. Combining strategic planning, technical mastery, and a strong awareness of market behavior helps one to reach this strategy.
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Strategic Forex Trading
- Step-by-Step Strategies for Traders of All Levels
- By: Freddie Benjamin Roberts
- Narrated by: C.S Cyan
- Length: 11 mins
- Unabridged
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The basis of success in the foreign exchange market is that forex trading techniques guide traders in their decision-making process and enable them to negotiate the complexity of currency swings, because of its volatility, liquidity, and 24-hour trading chances, the forex market appeals and challenges players equally. Without a well-defined plan, trading in this fast-paced environment may rapidly become overwhelming and lead to ill-considered judgments and needless losses.
What listeners say about Muhammad Yunus and the Grameen Bank
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- William Jhon
- 04-05-25
A Blueprint for Compassionate Capitalism
his inspiring book showcases Muhammad Yunus' visionary approach to poverty alleviation through microfinance. The Grameen Bank’s success story proves how small loans can transform lives. A must-read for anyone passionate about social entrepreneurship and sustainable change.
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7 people found this helpful
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- Mario Lisa
- 04-05-25
Banking on Hope and Humanity
A powerful narrative of Yunus’ revolutionary microcredit model, empowering millions out of poverty. The book highlights resilience, innovation, and the impact of trust-based lending. Truly uplifting and thought-provoking for changemakers worldwide.
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7 people found this helpful
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- Jahidul JR
- 03-23-25
The Story of Muhammad Yunus and Grameen Bank
The book meticulously chronicles Yunus's journey from an economics professor to the founder of Grameen Bank, which has transformed the lives of millions of impoverished individuals, particularly women, by providing small loans without collateral. The author skillfully highlights the socio-economic impact of microcredit, showcasing how it empowers the poor to become self-reliant entrepreneurs. The book also addresses the challenges and criticisms faced by the Grameen Bank, offering a balanced perspective on its successes and limitations. With its insightful analysis and inspiring anecdotes, this book is a must-read for anyone interested in social entrepreneurship, economic development, and innovative solutions to global poverty. It serves as both a testament to human resilience and a call to action for sustainable change.
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17 people found this helpful