Muhammad Yunus Quotes

Biography
Type: Economist
Born: June 28, 1940

Business money is limitless.
Muhammad Yunus

But we have created a society that does not allow opportunities for those people to take care of themselves because we have denied them those opportunities.
Muhammad Yunus

Here we were talking about economic development, about investing billions of dollars in various programs, and I could see it wasn't billions of dollars people needed right away.
Muhammad Yunus

I had no idea that I would ever get involved with something like lending money to poor people, given the circumstances in which I was working in Bangladesh.
Muhammad Yunus

I made a list of people who needed just a little bit of money. And when the list was complete, there were 42 names. The total amount of money they needed was $27. I was shocked.
Muhammad Yunus

I wanted to give money to people like this woman so that they would be free from the moneylenders to sell their product at the price which the markets gave them - which was much higher than what the trader was giving them.
Muhammad Yunus

I was teaching in one of the universities while the country was suffering from a severe famine. People were dying of hunger, and I felt very helpless. As an economist, I had no tool in my tool box to fix that kind of situation.
Muhammad Yunus

I went to the bank and proposed that they lend money to the poor people. The bankers almost fell over.
Muhammad Yunus

My greatest challenge has been to change the mindset of people. Mindsets play strange tricks on us. We see things the way our minds have instructed our eyes to see.
Muhammad Yunus

Poverty is unnecessary.
Muhammad Yunus

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.
Muhammad Yunus

There are cultural issues everywhere - in Bangladesh, Latin America, Africa, wherever you go. But somehow when we talk about cultural differences, we magnify those differences.
Muhammad Yunus

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

Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.
Muhammad Yunus