Buy Used
+ $3.99 shipping
Used: Good | Details
Sold by AZ_Fulfillment
Condition: Used: Good
Comment: [Solid Condition Paperback. Cover may have wear. May contain writing/markings. May be ex-library copy.]
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See this image

The Poor Always Pay Back: The Grameen II Story Paperback – Bargain Price, November 14, 2006

See all 2 formats and editions Hide other formats and editions
Amazon Price New from Used from
Paperback, Bargain Price, November 14, 2006
$20.66 $2.34

This is a bargain book and quantities are limited. Bargain books are new but could include a small mark from the publisher and an price sticker identifying them as such. Details

Missoula by Jon Krakauer
Missoula by Jon Krakauer
Check out the newest book by Jon Krakauer. Learn more | See all by author

Special Offers and Product Promotions


Best Books of the Month
Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.

Product Details

  • Paperback: 320 pages
  • Publisher: Kumarian Press (November 14, 2006)
  • Language: English
  • ISBN-10: 1565492315
  • ASIN: B002RAR2JS
  • Product Dimensions: 8.9 x 5.9 x 0.7 inches
  • Shipping Weight: 15.2 ounces
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #8,171,670 in Books (See Top 100 in Books)

Editorial Reviews


I hope this book will inspire readers to play an active role in creating a world free from poverty. -- Muhammad Yunus, Founder, Grameen Bank

About the Author

Asif Dowla is a professor of economics at St. Mary's College of Maryland. He has published various articles on economics and aspects of microfinance such as leasing, savings mobilization and social capital. In 1997, he received a fellowship to spend a year on sabbatical at Grameen Bank.

Dipal Chandra Barua is the Deputy Managing Director of Grameen Bank and the Managing Director of the Grameen Shakti in Bangladesh. He has extensive experience in the field of poverty alleviation, microcredit, rural development and people's participation as a result of being a core founder of Grameen Bank. He serves on the board of directors of 16 sister organizations of Grameen Bank including Grameen Phone, the largest cell phone company in South East Asia, and Project Enterprise, a micro lending program in New York.

Customer Reviews

4.7 out of 5 stars
5 star
4 star
3 star
2 star
1 star
See all 3 customer reviews
Share your thoughts with other customers

Most Helpful Customer Reviews

22 of 23 people found the following review helpful By KCrawford on July 8, 2007
Format: Paperback
No two people hold a more appropriate position to write about Grameen Bank than Asif Dowla and Dipal Barua. As former students of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus, Dowla and Barua have been apprised of the logic behind small loans since the Bank's inception. They have Yunus's trust and approval when it comes to sharing Grameen with the world, which readers can see in his found appraisal of Dowla and Barua in the preface.

"The Poor Always Pay Back: The Grameen II story" is a comprehensive account of the overhaul of the world's premier micro credit institution and it is suitable for novice students of economics, masters of the field, and everyone in between who may be curious about microcredit. The central tenet of the text is that the poor are bankable--despite the fact that they lack liquid capital, they can be trusted to repay loans and to use money in an enterprising fashion if given a fair opportunity and clear terms.

The book begins with a review of Classical Grameen and its effects on the poor in Bangladesh, focusing on the Bank's structure and clearly explaining the terms of micro loans (such as the "Sixteen Decisions" which are both described and illustrated). However, the majority of this work, as its title suggests, is devoted to explication and analysis of the advanced terms and products of Grameen II. Claims and conclusions are well supported with both quantitative and qualitative evidence, to which the two authors have prime access through their ties to the Bank, granting a great deal of authority to the book. Tables and appendices are nicely tied in with the text, and citations allow readers to conduct their own research on individual aspects of Grameen and microcredit if they so desire.

"The Poor Always Pay Back: The Grameen II story" is a good way to begin study of the growing institution of microcredit and the assumption that there is financial potential among the poorest of the poor.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
13 of 14 people found the following review helpful By Loyd E. Eskildson HALL OF FAME on February 8, 2009
Format: Paperback
"The Poor Always Pay Back" tells how Grameen Bank in Bangladesh modified its loan programs after the great flood of 1998 to better accommodate customers and the reality of dealing with catastrophes. Repayment rates had dipped to 80%, down from the 97% prior. En route, readers learn of the impressive repayment record of its poor customers, despite their lacking ready collateral and the lack of a credible threats by the banking system.

The Grameen Bank model is currently replicated in more than 100 countries. Those interested in the details of how this works are well served by reading both this book and its predecessor, "Creating a world Without Poverty."

A major reason for the prior failure of credit cooperatives in Bangladesh was that the groups were too large and included people with varied economic backgrounds. Thus, Grameen Bank evolved to a group size of 5, with a maximum amount of land ownership to be eligible for membership. Another limitation was one member per household to prevent a particular family from exerting undue influence. Initially, loans were given to the two neediest members; depending on their performance, two more received loans, and generally the elected chairperson was last.

Income generation and housing, rather than consumption, were allowed purposes. Borrowers were required to save a fixed amount weekly plus 5% from the loan. This created a group fund that paid 8.5% interest. The group fund could be used for multiple purposes (eg. paying school tuition, buying food in lean times). In cases of disaster, the entire amount could be used - normally it was limited to less than half. Borrowers paid only a 5% group tax.

Each borrower must buy one share of the bank (100 taca - $1.47 currently).
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
By james on June 7, 2014
Format: Paperback Verified Purchase
arrived on time and was in good shape. was used for a college class by my daughter so I can not comment on the content.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

More About the Author

Discover books, learn about writers, read author blogs, and more.

What Other Items Do Customers Buy After Viewing This Item?