Nobody downloaded yet

The Poor Always Pay Back - Book Report/Review Example

Comments (0) Cite this document
The following book review "The Poor Always Pay Back" dwells on the thought-provoking book written by Asif Dowla and Dipal Barua about micro-financing, an initiative started by Bangladesh based Grameen Bank, with a view to empowering the lives of the poor. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.8% of users find it useful
The Poor Always Pay Back
Read TextPreview

Extract of sample "The Poor Always Pay Back"

Download file to see previous pages Also, the book revolves around various other issues of the society including health care, women’s empowerment, and children education which are all a part of the bank’s initiatives. The book shows its readers how a financial institution like Grameen Bank responds to the needs of its borrowers and had adopted changes in its system for making its loan programs and caregiving services more effectively to the poor.
The commencement of Grameen Bank, its working, challenges and the changes incorporated by the concern in the past twenty-five years are clearly described by the authors. The origins of this institution head back to 1976, when Muhammad Yunus started his project in Bangladesh’s rural area of Jobra, by designing a credit system to provide banking services to the rural people, focusing particularly on the poor. The project continued to run successfully and was introduced among the other rural areas of Bangladesh too, with the support of the government. By 1983, the project attained the name of Grameen Bank with the formal approval. Initially, it held objectives to extend opportunities of credit to everyone by facilitating banking services to poor families and also women. In the book, the authors speak about the challenges faced by the bank in the times of catastrophes, especially the floods in 1998 which created a massive repayment crisis to it. Actually, this was the period that pushed forward the members of the bank to focus on making major changes to its system. The bank was in a very tight situation, so much so that ‘evolving’ was a necessity for it to survive the crisis as well as to meet the needs of its borrowers. This led to the development of the Grameen II, making considerable changes in its system. “Through Grameen II, the bank is addressing microfinance frontier issues: open access savings, flexible loan products, self-reliance, the absence of donor dependency for funds, and product development to cater to the needs of the retirees (Grameen Pension Scheme) and their adult children (Higher Education Loans).”. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(The Poor Always Pay Back Book Report/Review Example | Topics and Well Written Essays - 1500 words, n.d.)
The Poor Always Pay Back Book Report/Review Example | Topics and Well Written Essays - 1500 words. Retrieved from
(The Poor Always Pay Back Book Report/Review Example | Topics and Well Written Essays - 1500 Words)
The Poor Always Pay Back Book Report/Review Example | Topics and Well Written Essays - 1500 Words.
“The Poor Always Pay Back Book Report/Review Example | Topics and Well Written Essays - 1500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Back Belts

...?Back Belts Affiliation with more information about affiliation, research grants, conflict of interest and how to contact Introduction: The alarming number of recordable back injuries reported at a manufacturing unit has forced its management to seriously review and adopt immediate measures to eliminate or minimize the recurrence of such incidents to improve their labour utilization plan. An employee reported ill, will cause the company sick leave wages and in prolonged cases, additional burden in order to hire and train up a replacement. This expenditure could be significant in case the number of incidents is on the increase as happened here. The cause of back injury has not been...
2 Pages(500 words)Article

Back Belts

...?Critical Review of WHO Policy; Use of DDT to combat malaria Correspondence concerning this assignment should be addressed to : Author @ Overview Answering to the question, “Should the WHO continue to approve the use of DDT to combat malaria? “, I would affirm. Having worked for WHO (as far as this assignment is concerned), I have thoroughly reviewed WHO, policy statement on the issue, relevant researches, relevant database for toxicology and I am convinced that use of DDT should continue, not only because of its efficacy or cost effectiveness, but primarily because of its life saving role under constraints. In spite of knowing that radiation has definite and pronounced, long-term, serious after effects, why after all... Review of ...
2 Pages(500 words)Article

Poor management a single individual instead of two. The poor timing of a massive reorganization When Xerox awoke to the real danger, it was a little too late. The company realized that a massive restructuring was needed to regain its former glory. Xerox Corp consolidated 36 administrative centres into three back in 1999 in a massive effort to recover millions in cost savings. Nevertheless, the move came just as Xerox was also reorganizing its sales division. The simultaneous upheaval in two key units' unleashed chaos across the company's billing system. Customers received invoices quoting prices they had never agreed to or detailing equipment they had never ordered. Worse, the mistakes took months to sort out,...
7 Pages(1750 words)Essay

When Friend Forgets to Pay Back Loans

..., I would ask him for the reason that had prevented him form keeping up his word. I shall help him take me into confidence and confide in me about his position or circumstance. By treating him with courtesy and not intending to spoil our friendship, I would also talk to him openly about my dilemma. The fact that I am in a financial crunch and in bad need of the sum would be explained to him in a very amicable manner. Next, I would go no to tell him that if not for this crunch, I wouldn't have been hell-bent and too strict with the dates of repayment. I would politely but strictly tell him to repay it within a week ...
2 Pages(500 words)Personal Statement

Giving back

...Giving Back The RN Nursing Program is one of the most popular and interesting career paths among of the United States. The demand for registered nurses is high and a number of students are becoming interested into this emerging profession. Becoming a registered nurse may look simple as you can attend a technical school to get a diploma, a two-year college to earn an associate degree or attend a four-year college to earn a bachelor’s degree in nursing and then, take and pass the National Council Licensing Exam (NCLEX) to get your license as a registered nurse. However, attending to a reputed RN school is not as simple like that. The overall cost of registered nursing education is expensive and one has to be financially...
2 Pages(500 words)Scholarship Essay

Thinking Back

...Thinking Back Thinking Back Working in a team has actually been experienced on both personal and professional perspectives since one recognized that being part of a group has its benefits. An early personal experience could be remembered in terms of playing in a group, where one team competes with another with the ultimate goal of winning. In academic pursuits, teachers have encouraged collaboration and participation among groups and being a member entails realizing that there are roles and responsibilities that assist in achieving group goals. Likewise, in organizational settings, aside from being gauged on an individualized performance scale, employees who are effective as group members are usually duly...
2 Pages(500 words)Essay

Pay Structures, Pay & Merit

...Running Head: Pay Structures, Pay and Merit Pay Structures, Pay and Merit Pay Structures, Pay and Merit Introduction Pay structure is the assemblage of pay proportions or pay assortments. The process of developing, adjusting and maintaining a pay structure is referred to as structure setting (Peter, 2002). Pay Structures In justifying executives’ pay structures, this study points out that the following factors as the main considerations (Worldatwork, 2007): Geographic location and job level of the executive. Geographic location may result...
2 Pages(500 words)Assignment


...:// 3. Dowla, Asif & Dipal Barua. The Poor Always Pay Back: The Grameen II Story. Kumarian Press Inc., Bloomfield, Connecticut, 2006. 4. Floro, Sagrario & Pan A. Yotopoulos, Informal Credit Markets and the New Institutional Economics, Westview Press, Boulder Col., 1991. 5. Greater Hyderabad Municipal Corporation, “Chapter V: Basic Services to the Urban Poor,” Hyderabad - City Development Plan, available at 6. “Road to redemption”, January 12 2013.available at...
4 Pages(1000 words)Essay

Talking Back

...A Speech on “Talking Back” by Bell Hooks Bell Hooks’ book, “Talking Back” is very interesting. In an overview, Hooks provides an insightful analysis of the topic of feminist consciousness. She provides a comprehensive description of this concept. She also talks about self-recovery as well as how to overcome white and male supremacy. A large portion of the book also talks about intimate relationships. The book is comprised of a number of essays that describe the author’s feelings about being black and the entire concept of feminism in the United States. In an interesting manner, Hooks narrates her own experiences. She describes how she was brought up in the Southern, which was dominated by male dominance....
2 Pages(500 words)Essay

Preventing Poor Children Becoming Poor Adults since it is the only sure way of eradicating poverty. Increased income does not automatically protect poor children from the risk of being poor adults. Preventing Poor Children Becoming Poor adults, gives the strategy on how to meet the Government’s goal of ending child poverty and increasing children’s life chances as adults (Heuveline&Weinshenker 2008, p.178).It is a policy for social mobility, in that it should result in today’s poor children gaining the skills to acquire good and highly paid jobs. This strategy aims at changing the shape of the distribution of income by eliminating the large numbers of people who leave schools for a...
9 Pages(2250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Book Report/Review on topic The Poor Always Pay Back for FREE!

Contact Us