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Grameen Bank was formed as an institution owned by its borrower members, who are poor women. Through its unique decision-making process, Grameen Bank has given millions of women the means to emerge from the shadows in a male-dominated society and to make something of themselves.
Muhammad Yunus
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Interpretation

What this quote means

The Grameen Bank empowers women in a male-dominated society by providing them financial tools and autonomy.

This quote highlights the transformative impact of the Grameen Bank, an institution designed to empower marginalized women through ownership and decision-making power. By facilitating financial independence, it enables these women to rise above societal constraints, thus contributing to broader social change and gender equality.

Themes

WomenEmpowermentFinanceGender EqualityMicrofinance

In practice

Example use cases

During a speech at a women's conference, a speaker might use this quote to highlight the importance of empowering women in developing economies.

More from Muhammad Yunus

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.
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What I did not know yet about hunger, but would find out over the next twenty-one years, was that brilliant theorists of economics do not find it worthwhile to spend time discussing issues of poverty and hunger. They believe that these will be resolved when general economic prosperity increases. These economists spend all their talents detailing the process of development and prosperity, but rarely reflect on the origin and development of poverty and hunger. A a result, poverty continues.
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People.. were poor not because they were stupid or lazy. They worked all day long, doing complex physical tasks. They were poor because the financial institution in the country did not help them widen their economic base.
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Some people think that poor people are lazy. Actually, it takes a lot of work to survive when you are dirt-poor.
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Once poverty is gone, we'll need to build museums to display its horrors to future generations. They'll wonder why poverty continued so long in human society - how a few people could live in luxury while billions dwelt in misery, deprivation and despair.
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By simply capitalizing on core strengths and knowledge, companies and entrepreneurs can engage in an emerging business model that will enable them to create - and demonstrate - real, sustainable social impact in society.
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