The Price of a Dream: The Story of the Grameen Bank (Paperback)

by David Bornstein (Author)

Editorial Reviews

Product Description

This book is the compelling story of the Grameen Bank, one of the most successful development organizations in the world. Founded by Muhammad Yunus in Bangladesh in 1976, the Grameen Bank has extended small loans for self-employment to more than two million women villagers and has helped lift hundreds of thousands out of poverty. The Grameen Bank's "trickle up" approach has inspired the creation of hundreds of "micro-credit" programs around the world and helped to reshape international development policy.

"If there is one man who has achieved stardom of sorts at the United Nations Fourth World Conference on Women [September 1995], it is [Muhammad Yunus] who wandered into a desperately poor village . . . and got an idea that is changing the face of banking."—New York Times

Product Details

• Paperback: 370 pages
• Publisher: University Of Chicago Press (November 8, 1997)
• Language: English
• ISBN-10: 0226066444
• ISBN-13: 978-0226066448
• Product Dimensions: 9.2 x 6.2 x 1 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 4.8 out of 5 stars See all reviews (8 customer reviews)
• Amazon.com Sales Rank: #907,497 in Books (See Bestsellers in Books)

  Popular in this category: (What's this?)

  #19 in

  Books > History > Asia > Bangladesh

Customer Reviews

Most Helpful Customer Reviews

17 of 17 people found the following review helpful:

5.0 out of 5 stars Wow. Very exciting and inspirational., December 22, 1999

By	Selena Maranjian (Providence, RI USA) - See all my reviews (REAL NAME)

I was very surprised to find out that a book on economic development could be such a page-turner. Bornstein details the history of the Grameen Bank, an incredibly innovative organization, part-business, part-social service organization. Its founder, Muhammad Yunus, has as his ultimate goal nothing less than the eradication of poverty all over the world. And he's demonstrating that it might not be such a farfetched goal, with his incredible success in the very poor country of Bangladesh. Bornstein's book is full of details about the business as well as touching personal stories about the people the business is serving, and how their lives are being radically changed simply because they now have access to modest loans. You'll learn about the amazing achievements of Grameen, as well as crisitisms of it (this is a rather even-handed treatment) -- but you'll still come away with much hope for the future. I recommend it highly.

12 of 12 people found the following review helpful:

5.0 out of 5 stars Fighting Poverty in the Trenches, One Borrower at a Time, August 17, 2001

By	"hummingbirdgreen" (Malabar, Florida, USA) - See all my reviews

More than just a casual pass through Bangladesh to investigate Grameen Bank, the micro-credit phenomenon started a quarter century ago by Muhammad Yunus, The Price of a Dream fills in gaps left by other writings. It puts a human face on the poor of this impoverished Asian country, formerly known as East Pakistan. It brings poverty-stricken Bangladeshis into your livingroom as factual, not fictional, folks.

"Aren't all Bangladeshis poor?" you ask. No. There is wealth. But there are also tens of millions of families so impoverished that one cannot begin to understand the depth and breadth of their deprivation without actually visiting this tropical nation or coming to know some of these people through a book such as this.

Bornstein writes in a painterly way. His stories, both sad and glad, weave a mesmerizing pattern of the richness of Bangladeshi life amid trying circumstances. How people cope, how they react to successes and disasters, how they work to pull themselves up economically and socially: every thread is pulled through the loom in due course to render a true and clear representation of lives on the ragged edge. Thanks to loans from Grameen, millions of families have been able to hem that edge, one stitch at a time, to finish off their piece of cloth.

For his part, Yunus, speaking as the economics professor he once was, declares, "Credit is a powerful weapon, and anyone possessing this weapon is certainly better equipped to maneuver the forces around him to his advantage." (p. 228)

Micro-credit empowers the unempowered. No one describes that process better than David Bornstein. The Price of a Dream will open your eyes to the possibility of minimizing the indignity of poverty in our lifetime, if not eliminate it altogether. Every beautiful tapestry starts with a single thread. Even if that first thread is mere hope, it's a worthy place to begin.

9 of 9 people found the following review helpful:

5.0 out of 5 stars Economic and human development that works!, March 6, 2000

By	Inspired Bangladeshie Student (Smith College, Massachusetts) - See all my reviews

Bornstein offers a truly inspirational and touching story of how the Grameen Bank has helped millions of poor people in Bangladesh. Professor Yunus, Grameen's founder, is the charismatic leader who transforms seemingly far-fetched dreams into real ideas that actually worked! It felt like I was reading a fairytale but the wonderful part is that this is real. We CAN eradicate poverty! If anything, this book gives all of us hope. It is not just Professor Yunus that is the genius; it is the people. With the right opportunity and resources, people can do anything, even stop the vicious cycle of poverty.

EVERY person that is interested in Economics, Development or in Bangladesh MUST read this book-- a true testament to human achievement!