Muhammad Yunus

Social Entrepreneur

Muhammad Yunus is a Bangladeshi social entrepreneur known for founding the Grameen Bank and pioneering microfinance to combat poverty.

Born
June 28, 1940
Quotes
157
Rank
#4561

Quote collection

Muhammad Yunus quotes (page 5 of 8)

157 quotes — follow a thought to its full quote page.

Muhammad Yunus Social Entrepreneur
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"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!"

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"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."

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"I founded Grameen Bank to provide loans to those considered traditionally unbankable. Grameen Bank works with the poorest and often illiterate, providing uncollateralized micro-loans for tiny business enterprises by which they can lift themselves and their families out of poverty."

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"Engaging in social business is beneficial to a company because it leverages on business competencies to address social issues, involves one-time investment with sustainable results, and produces other positive effects such as employee motivation and improved organizational culture."

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"So i say, change the base! If you change the base, anybody will be as tall as anybody else! My belief is poverty is not caused by poor ppl. Poverty is caused by the system. Poverty is caused by the policies that we pursue."

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Muhammad Yunus Social Entrepreneur
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"I have come to believe, deeply and firmly, that we can create a poverty free world if we want to. I came to this conclusion not as a product of a pious dream, but as a concrete result of experience gained in the work of the Grameen Bank."

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Muhammad Yunus Social Entrepreneur
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"..things are never as complicated as they seem. It is only our arrogance that prompts us to find unnecessarily complicated answers to simple problems."

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"Changes are products of intensive efforts."

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Muhammad Yunus Social Entrepreneur
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"Instead of concentrating on the war against poverty, global attention is focused on another kind of slaughter - on something that is intangible and yet being tackled by all the possible military means we can muster. And all the lofty declarations by world leaders about combatting poverty that were lauded by the General Assembly turned out to be damp squibs."

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Muhammad Yunus Social Entrepreneur
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"Credit is a human right that should be treated as a human right. If credit can be accepted as a human right, then all other human rights will be easier to establish."

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"The challenge I set before anyone who condemns private-sector business is this: If you are a socially conscious person, why don't you run your business in a way that will help achieve social objectives?"

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Muhammad Yunus Social Entrepreneur
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"The essence of capitalism is expressed in two of its basic features: a) profit maximization and b) market competition. In their abstract formulations none of them was supposed to have anything conspiratorial against the poor. But in real life they turn out to be the "killers" of the poor - by making rich the richer and poor the poorer."

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Muhammad Yunus Social Entrepreneur
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"They explained to me that the bank cannot lend money to poor people because these people are not creditworthy."

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Muhammad Yunus Social Entrepreneur
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"My vision for the future? Two things: to make credit a human right so that each individual human being will have the opportunity to take loans and implement his or her ideas so that self-exploration becomes possible. And second: that it will lead to a world where nobody has to suffer from poverty - a world completely free from poverty."

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Muhammad Yunus Social Entrepreneur
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"I am proposing to create another kind of business, based on "selflessness" that is in all of us. I am calling it social business."

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Muhammad Yunus Social Entrepreneur
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"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.'"

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Muhammad Yunus Social Entrepreneur
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"...culture is useless unless it is constantly challenged by counter culture. People create culture; culture creates people. It is a two-way street. When people hide behind a culture, you know that's a dead culture."

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Muhammad Yunus Social Entrepreneur
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"It's very difficult when you have learned something a certain way. Not only your mind absorbs it; your eyes also are trained to see in a certain way because eyes are only as good as you've been trained to see."

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"People need such a small amount of money to deal with their own daily life. Because wherever I went to school they taught me about millions of dollars. I dealt with billions of dollars in national plans and investment plans and so on. Not this tiny money, $27 for 42 people."

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"Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition."

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