Quotes By 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.

Human beings are much bigger than just making money.

Human beings have enormous resilience.

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.

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.

The moment you say microfinance everybody wants to help you.

I said peace is sometimes narrowly interpreted; it's the absence of conflict between nations or something. But peace is more inherent, more basic to human life, human beings, what we feel about each other, what we feel about life around us and what we see in our future.

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.

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.

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.

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.

Today, the concept of business is to make money. Making money is the name of the business.

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.

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.

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.'

Poverty is unnecessary.

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

Business money is limitless.

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

Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things.

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.

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.

What we are trying to do is to create a social business in Bangladesh, a joint venture to create restaurants for common people. Good, healthy food at affordable prices so that people don't have to opt for food that is unhealthy and unhygienic.