Muhammad Yunus
53 quotes
Biography
Muhammad Yunus is a Bangladeshi economist and statesman. Yunus pioneered the modern concept of microcredit and microfinance, for which he was awarded the Nobel Peace Prize in 2006.
"To overcome poverty and the flaws of the economic crisis in our society, we need to envision our social life. We have to free our mind, imagine what has never happened before and write social fiction. We need to imagine things to make them happen. If you don't imagine, it will never happen."
"One day our grandchildren will go to museums to see what poverty was like."
"If you are born into a poor family, if you are a woman you have seen the worst of poverty. In a cultural way in the families in Bangladesh it's the women who eats last. So if you have a scarcity in the family … she misses out so everything comes in the raw deal for her. So, given a chance she works very hard to make a change to improve her life. And by training she is the most efficient manager of scarce resources. Because with the little resource she has, she has to stretch it as much as she can to look after the children, look after the family and everything else..unlike men - men want to enjoy right away. Whatever he got, whatever tiny bit of thing he got he doesn't care for much what's coming up."
"'I believe that "government", as we know it today, should pull out of most things except for law enforcement and justice, national defense and foreign policy, and let the private sector, a "Grameenized private sector", a social-consciousness-driven private sector, take over their other functions.'"
"Poor people always pay back their loans. It's us, the creators of institutions and rules, who keep creating trouble for them."
"The poor themselves can create a poverty-free world — all we have to do is to free them from the chains that we have put around them."
"Poverty has been created by the economic and social system that we have designed for the world. It is the institutions that we have built, and feel so proud of, which created poverty."
"I will not spend the money for myself. I will rather spend it in special business on a no-profit-no-loss policy. We will also establish an eye hospital where even beggars will be given treatment at the cost of Taka 10-20."
"Always remember, job is a wrong idea. Don't ever look for a job, always tell yourself that I'm a job creator. I'm not a job seeker, I'm a job creator. So be a job creator."
"You cannot change the world in a day...if you want to change, start from your village."
"Making money from business is happiness, but making other people happy is super happiness."
"This attack is not only on Hadi, this attack is on the existence of whole Bangladesh."
"A WORD FROM NOBEL LAUREATE MUHAMMAD YUNUS: (in video) Thank you so much for clicking on me. I am Muhammad Yunus, founder of the Grameen Bank, and, oh yeah, I'm also the winner of the Nobel Peace Prize. To find an entrepreneur you want to lend to, click on my nose... if you can catch it. It's up here! Now down here! Too slow! Okay, I'll hold still. No, I won't. Ha-ha! Good-bye!"
"When my footprints would not fall in the Jamuna"
"a man who long ago should have won the Nobel Prize [in Economics and] I’ll keep saying that until they finally give it to him."
"Muhammad Yunus has shown himself to be a leader who has managed to translate visions into practical action for the benefit of millions of people, not only in Bangladesh, but also in many other countries. Loans to poor people without any financial security had appeared to be an impossible idea. From modest beginnings three decades ago, Yunus has, first and foremost through Grameen Bank, developed micro-credit into an ever more important instrument in the struggle against poverty."
"There is the expression of selfishness and there is the expression of selflessness - but economists or theoreticians never touched that part. They said: 'Go and become a philanthropist.' I said, 'No, I can do that in the business world, create a different kind of business - a business based on selflessness.'"
"My greatest challenge has been to change the mindset of people. Mindsets play strange tricks on us. We see things the way our minds have instructed our eyes to see."
"I'm sure everything has a bearing on what I'm doing. My family is a lower-middle-class family, there's lots of children, seven brothers, two sisters grew up together, fighting with each other, went to school. My mother went to school up to 4th grade. My father went to school up to 8th grade. So that's about the education level we had in the family."
"Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things."
"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."
"Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame."
"Poverty is unnecessary."
"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."
"I said peace is sometimes narrowly interpreted it's the absence of conflict between nations or something. But peace is more inherent, more basic to human life, human beings, what we feel about each other, what we feel about life around us and what we see in our future."