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Muhammad Yunus

Muhammad Yunus Quotes

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Famous Muhammad Yunus Quotes

“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.”

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Author:Muhammad Yunus
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“Peace should be understood in a human way - in a broad social, political and economic way. Peace is threatened by unjust economic, social and political order, absence of democracy, environmental degradation and absence of human rights.”

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Book:Creating a World Without Poverty: Social Business and the Future of Capitalism
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“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.”

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Book:Banker to the Poor: The Autobiography of Muhammad Yunus, Founder of the Grameen Bank
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“If we are looking for one single action which will enable the poor to overcome their poverty, I would go for credit. Money is power. I have been arguing that credit should be accepted as a human right. If we can come up with a system which allows everybody access to credit while ensuring excellent repayment - I can give you a guarantee that poverty will not last long.”

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Author:Muhammad Yunus
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“If the helplessness and isolation of labour, who have nothing to sell but their labour, can be totally removed by connecting labour with capital through a universal credit system, we'll then have other kinds of actors on the economic scene different from what the existing capitalist world would allow us to bring out.”

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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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“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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Author:Muhammad Yunus
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“In the world of development, if one mixes the poor and the nonpoor in a program, the nonpoor will always drive out the poor, and the less poor will drive out the more poor, unless protective measures are instituted right at the beginning. In such cases, the nonpoor reap the benefits of all that is done in the name of the poor.”

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Book:Banker To The Poor: Micro-Lending and the Battle Against World Poverty
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“What is entrepreneurship, after all? Bigness is not the issue. Poor people are the ones who take challenges every day. The guy who sells a hot dog on the street is as much an entrepreneur as anyone else. Getting his $50 loan to start could be as difficult as finding $50 million for someone else. All people are entrepreneurs.”

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Author:Muhammad Yunus
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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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Author:Muhammad Yunus
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