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Reddit mentions of Banker To The Poor: Micro-Lending and the Battle Against World Poverty

Sentiment score: 2
Reddit mentions: 3

We found 3 Reddit mentions of Banker To The Poor: Micro-Lending and the Battle Against World Poverty. Here are the top ones.

Banker To The Poor: Micro-Lending and the Battle Against World Poverty
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Specs:
Height8.375 Inches
Length5.5 Inches
Number of items1
Release dateOctober 2003
Weight0.70988848364 Pounds
Width1 Inches

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Found 3 comments on Banker To The Poor: Micro-Lending and the Battle Against World Poverty:

u/donyadine · 9 pointsr/phinvest

Hello! I am a social investment supporter. My journey started last year when I read Hans Rosling's book: Factfulness: Ten Reasons We're Wrong About the World -- and Why Things Are Better Than You Think. According to Hans, the best investment opportunities are in the emerging markets of Asia and Africa. He described how we should look at statistics to make smart business decisions. I especially liked how he was optimistic about the future of the world and how countries are working hard to get out of poverty. It's not an investing book per se but it gives a good insight on where you might want to focus your attention if you want to make a difference in this world. It also solidified my rule to invest in the Philippines only and not be distracted by any foreign investment product (as I am currently based abroad).

Here's a TEDtalk as an intro to Hans Rosling: https://www.ted.com/talks/hans_rosling_reveals_new_insights_on_poverty/


I further asked myself how could his ideas be particularly applicable in the Philippines, where a lot of my countrymen are still living in poverty? Fortunately, I found Vince Rapisura on Facebook and he constantly discusses being a "Social Investor." Before meeting him, I have never heard anything about Social or Impact investing. I thought investing was just to make my money work for me. But through him, I learned that investing can create more value than just mere profit. We can select investments that have a conscious goal of making a positive impact on society. Vince's company, SEDPI, is focused on such ventures and his presentations are on his website: https://vincerapisura.com/impact-investing-handouts/

I am still reading more books about the topic and my search got me to Banker To The Poor: Micro-Lending and the Battle Against World Poverty. It was written by Muhammad Yunus and he earned a Nobel Peace Prize for his work in Bangladesh. I think his concepts are pretty similar to what Vince is doing with his company.

Let me also share this episode about Tagum Cooperative (which Vince has been raving about recently) and I must say their work and mission are inspiring: https://www.youtube.com/watch?v=HQbtbORwUfE

Sorry, I am just blabbing about my recent reading/watching list but to answer your question, yes, socially responsible investments have been on my mind lately and I got excited when I saw your question. I admit that I still have an index fund and I know that some companies there don't have the best reputations, so I am slowly transitioning and studying more materials in order to invest in enterprises that I can understand and have the same principles as I do. It is a hard task but hopefully, I would get there. If you ever have a chance to attend a seminar by Vince, I'd say go for it.

u/[deleted] · 6 pointsr/IAmA

You may find Banker to the Poor enlightening. Muhammand Yunus received the noble prize for his work on micro-lending.

Also, along the same lines of issues with capital in the developing world, The Mystery of Capitalism make the cse that the lack of rule of law in South America destroys peoples ability to leverage themselves.

Money doesn't solve problems by itself, it takes intelligent application of the money to solve the real problems. There are several examples of successful investment that have made life better. Take a look at Progresa in Mexico which was very successful.

u/rarebluemonkey · 1 pointr/reddit.com

Banker to the poor - by Muhammad Yunus