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Banker To The Poor: Micro-Lending and the Battle Against World Poverty

Banker To The Poor: Micro-Lending and the Battle Against World Poverty by Muhammad Yunus from PublicAffairs

    It began with a simple $27 loan. After witnessing the cycle of poverty that kept many poor women enslaved to high-interest loan sharks in Bangladesh, Dr. Muhammad Yunus lent money to 42 women so they could purchase bamboo to make and sell stools. In a short time, the women were able to repay the loans while continuing to support themselves and their families. With that initial eye-opening success, the seeds of the Grameen Bank, and the concept of microcredit, were planted.

    After earning a Ph.D. in economics at Vanderbilt University, Dr. Yunus returned to Bangladesh to settle into a life as a professor. But a famine in 1974 ravaged the country, leading Dr. Yunus to alter his thinking and his life profoundly: "What good were all my complex theories when people were dying of starvation on the sidewalks and porches across from my lecture hall?.... Nothing in the economic theories I taught reflected the life around me." Armed with little more than a lofty dream to end the suffering around him, he started an experimental microcredit enterprise in 1977; by 1983 the Grameen Bank was officially formed.

    The idea behind the Grameen Bank is ingeniously simple: extend credit to poor people and they will help themselves. This concept strikes at the root of poverty by specifically targeting the poorest of the poor, providing small loans (usually less than $300) to those unable to obtain credit from traditional banks. At Grameen, loans are administered to groups of five people, with only two receiving their money up front. As soon as these two make a few regular payments, loans are gradually extended to the rest of the group. In this way, the program builds a sense of community as well as individual self-reliance. Most of the Grameen Bank's loans are to women, and since its inception, there has been an astonishing loan repayment rate of over 98 percent.

    Banker to the Poor is an inspiring memoir of the birth of microcredit, written in a conversational tone that makes it both moving and enjoyable to read. The Grameen Bank is now a $2.5 billion banking enterprise in Bangladesh, while the microcredit model has spread to over 50 countries worldwide, from the U.S. to Papua New Guinea, Norway to Nepal. Ever optimistic, Yunus travels the globe spreading the belief that poverty can be eliminated: "...the poor, once economically empowered, are the most determined fighters in the battle to solve the population problem; end illiteracy; and live healthier, better lives. When policy makers finally realize that the poor are their partners, rather than bystanders or enemies, we will progress much faster that we do today." Dr. Yunus's efforts prove that hope is a global currency. --Shawn Carkonen

    Muhammad Yunus is that rare thing: a bona fide visionary. His dream is the total eradication of poverty from the world. In 1983, against the advice of banking and government officials, Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with minuscule loans. Grameen Bank, based on the belief that credit is a basic human right, not the privilege of a fortunate few, now provides over 2.5 billion dollars of micro-loans to more than two million families in rural Bangladesh. Ninety-four percent of Yunus's clients are women, and repayment rates are near 100 percent. Around the world, micro-lending programs inspired by Grameen are blossoming, with more than three hundred programs established in the United States alone.

    Banker to the Poor is Muhammad Yunus's memoir of how he decided to change his life in order to help the world's poor. In it he traces the intellectual and spiritual journey that led him to fundamentally rethink the economic relationship between rich and poor, and the challenges he and his colleagues faced in founding Grameen. He also provides wise, hopeful guidance for anyone who would like to join him in "putting homelessness and destitution in a museum so that one day our children will visit it and ask how we could have allowed such a terrible thing to go on for so long." The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is necessary and inspirational reading for anyone interested in economics, public policy, philanthropy, social history, and business.

    Muhammad Yunus was born in Bangladesh and earned his Ph.D. in economics in the United States at Vanderbilt University, where he was deeply influenced by the civil rights movement. He still lives in Bangladesh, and travels widely around the world on behalf of Grameen Bank and the concept of micro-credit.

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    Birds of India, Pakistan, Nepal, Bangladesh, Bhutan, Sri Lanka and the Maldives

    Birds of India, Pakistan, Nepal, Bangladesh, Bhutan, Sri Lanka and the Maldives by Richard Grimmett from Princeton University Press

      From the snowcapped Himalayas and the Indus valley, to the Ganges delta and the Sri Lankan forests, the Indian subcontinent is home to 13% of the world's species of birds and thousands of birders and ecotourists flock to the area every year. This field guide will be indispensable to those who wish to find and identify the many species of avifauna of the Indian subcontinent and environs.

      Featuring more than 150 color plates by eminent bird illustrators from Europe and India, it depicts all the known species in the region, ranging from the Himalayan Snowcock in the north to the Sri Lanka Spurfowl in the south. The plates include all relevant identifiable subspecies, as well as ages and sexes. It contains hundreds of range maps and the succinct text on the facing pages covers identification, voice, and distribution. Specially designed for use in the field, it is a compact version of the landmark A Guide to the Birds of India, Pakistan, Nepal, Bangladesh, Bhutan, Sri Lanka, and the Maldives, hailed on its publication as a "stunning book" that "advanced the cause of Indian birding by 20-30 years." With its modest price, small trim size, and sturdy, weather-resistant binding, this field guide is the one volume that every adventurous traveler to the Indian subcontinent must have.

      List Price: $35.00
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      Breaking Ships

      Breaking Ships by Roland Buerk from Chamberlain Bros.

        Asbestos, explosives, and chemical waste are only a few of the hazards involved in the meticulous work of destroying a giant ship. When new labor laws and environmental standards came to Europe, the ship-breaking industry moved to places like Chittagong on the coast of Bangladesh-places where the lives of workers seem expendable, and the environment is someone else's problem.

        Breaking Ships follows the demise of the Asian Tiger, a ship destroyed at one of the twenty ship-breaking yards along the beaches of Chittagong. BBC Bangladesh correspondent Roland Buerk takes us through the process-from beaching the vessel to its final dissemination, from wealthy shipyard owners to poverty-stricken ship cutters, and from the economic benefits for Bangladesh to the pollution of its once pristine beaches.

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        Daktar: Diplomat in Bangladesh

        Daktar: Diplomat in Bangladesh by Viggo Olsen from Moody Press

          Quiet Violence: View from a Bangladesh Village (Third World Studies)

          Quiet Violence: View from a Bangladesh Village (Third World Studies) by Betsy Hartmann from Food First

            A quiet violence today stalks the villages and shanty towns of the Third World, the violence of needless hunger. In this book, two Bengali-speaking Americans take the reader to a Bangladesh village where they lived for nine months. There, the reader meets some of the world's poorest people - peasants, sharecroppers and landless labourers - and some of the not-so-poor people who profit from their misery. The villagers' poverty is not fortuitous, a result of divine dispensation or individual failings of character. Rather, it is the outcome of a long history of exploitation, culminating in a social order which today benefits a few at the expense of many.

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            Cultural Atlas of India: India, Pakistan, Nepal, Bhutan, Bangladesh & Sri Lanka (Cultural Atlas of)

            Cultural Atlas of India: India, Pakistan, Nepal, Bhutan, Bangladesh & Sri Lanka (Cultural Atlas of) by Gordon Johnson from Facts on File

              List Price: $50.00
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              The Ganges: Along Sacred Waters

              The Ganges: Along Sacred Waters by Aldo Pavan from Thames & Hudson

                A photographic journey that traces the entire route of India's sacred river.

                Rivers are more than mere geography. They are the inner soul of the earth, a marvelous landscape without which the greatest and the humblest stories could never have been told. Rivers are also a challenge. Their origins have to be discovered, the sources of those life-giving waters, and their ends must be found.

                India's holiest river, the Ganges, winds some 1,550 miles through the country, from its headwaters in the Himalayan glaciers past the villages and cities of the Gangetic Plain to the Delta's thousand fingers in the Bay of Bengal between India and Bangladesh. Here, Aldo Pavan and his camera trace the route of this sacred river, capturing its beauty and its many different phases and moods. Along the way, we meet the pilgrims, sadhus, fishermen, farmers, weavers, merchants, hair dressers, snake charmers, and others whose lives are spent along the river's banks. Over 300 color illustrations.

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                Broken Limbs, Broken Lives: Ethnography of a Hospital Ward in Bangladesh (Health, Culture and Society)

                Broken Limbs, Broken Lives: Ethnography of a Hospital Ward in Bangladesh (Health, Culture and Society) by Shahaduz Zaman from Het Spinhuis

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                  A Photographic Guide to the Birds of India: And the Indian Subcontinent, Including Pakistan, Nepal, Bhutan, Bangladesh, Sri Lanka, and the Maldives (Princeton Field Guides)

                  A Photographic Guide to the Birds of India: And the Indian Subcontinent, Including Pakistan, Nepal, Bhutan, Bangladesh, Sri Lanka, and the Maldives (Princeton Field Guides) by Bikram Grewal from Princeton University Press

                    This is the most comprehensive photographic guide to the birds of India and the Indian subcontinent. Never before have so many of the region's species been illustrated in one book.

                    The brilliant photographs--most of which appear here for the first time--have been carefully selected to show not only the most common Passerine and non-Passerine species, but also more elusive species and distinctive subspecies. An up-to-date distribution map and a unique code indicating frequency and global status are provided for each of the 668 species covered. The concise text provides vital information on habitats, habits, and voice to ensure accurate identification.

                    Designed for easy use, the book places photos and maps in close proximity to provide an at-a-glance overview for each species. Birds are indexed by both their common and scientific names.

                    This is an essential volume for all birdwatchers and wildlife enthusiasts as well as for anyone traveling to India, Nepal, Sri Lanka, the Maldives, Pakistan, Bangladesh, or Bhutan.

                    Bikram Grewal has written more than twenty books on India, including three guides to its birds. He is a biodiversity expert for the Indian government. Bill Harvey is a lifelong birdwatcher who has lived throughout the Indian subcontinent. He published the first authoritative checklist on the birds of Bangladesh as well as numerous articles and is a cofounder of the Northern Indian Bird Network. Otto Pfister is a wildlife photographer whose work has appeared in numerous publications. He has also published several illustrated articles on birds.

                    • Gorgeous full-color photographs
                    • Distribution maps for all species
                    • Abundance icons
                    • Photographs, text, and maps in close proximity for at-a-glance overview
                    • Expert text aids species identification

                    List Price: $35.00
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                    A Princely Impostor?: The Strange and Universal History of the Kumar of Bhawal

                    A Princely Impostor?: The Strange and Universal History of the Kumar of Bhawal by Partha Chatterjee from Princeton University Press

                      In 1921 a traveling religious man appeared in eastern British Bengal. Soon residents began to identify this half-naked and ash-smeared sannyasi as none other than the Second Kumar of Bhawal--a man believed to have died twelve years earlier, at the age of twenty-six. So began one of the most extraordinary legal cases in Indian history. The case would rivet popular attention for several decades as it unwound in courts from Dhaka and Calcutta to London.

                      This narrative history tells an incredible story replete with courtroom drama, sexual debauchery, family intrigue, and squandered wealth. With a novelist's eye for interesting detail, Partha Chatterjee sifts through evidence found in official archives, popular songs, and backstreet Bangladeshi bookshops. He evaluates the case of the man claiming, with the support of legions of tenants and relatives, to be the long-lost Kumar. And he considers the position of the sannyasi's detractors, including the colonial government and the Kumar's young widow, who resolutely refused to meet the man she denounced as an impostor.

                      Along the way, Chatterjee introduces us to a fascinating range of human character, gleans insights into the nature of human identity, and examines the relation between scientific evidence, legal truth, and cultural practice. The story he tells unfolds alongside decades of Indian history. Its plot is shaped by changing gender and class relations and punctuated by critical historical events, including the onset of World War II, the Bengal famine of 1943, and the Great Calcutta Killings. And by identifying the earliest erosion of colonialism and the growth of nationalist thinking within the organs of colonial power, Chatterjee also gives us a secret history of Indian nationalism.

                      List Price: $28.95
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