Thursday, January 14, 2010

Banker to the Poor

Even though I don't celebrate the holiday season I was a bit lost for reading time. I moved and painted and tried to stay warm. At any rate, my old book club Naked Suit reunited tonight with Muhammad Yunus' book on microfinance and it's ability to pull the poor out of oppression and empower them to greatness. The book was poorly written and simply too optimistic. I'm not sure if that is a natural propensity of the Indian personality to ignore the negative and focus on the good or if that is his character. At any rate, I feel like the concept is laudable and the book would have been much better if written by a neutral party. I hear so many arguments for and against microfinance but there must be someone who can write about it without getting sucked into the emotion. Thumb down for me because it was too upbeat.

1 comment:

  1. Interesting review - If you're interested in following microfinance, you may want to know Grameen Bank opened up a branch in New York City. We'll see how microfinance works on American urban poor! There's actually a documentary premiering this week at Sundance about it, following the branch's first year. Check it out, but I haven't seen it, so I can't promise it won't be too upbeat! www.tocatchadollar.com

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