Friday, August 23, 2013

Teachers and Bosses: Banker to the Poor


by Muhammad Yunus

Muhammad Yunus creation of the Grameen Bank has been a success and classic case study in poverty alleviation strategies. Although he is an economist and a large component of his success is due to economic principles, he rightly recognizes the human aspect of his organization.

I am happy that they consider me more as a teacher than as a boss. With a boss, one has to be formal, but with a teacher the relationship is more informal, even spiritual. One can discuss one's problems and weaknesses more freely. One can admit personal mistakes without fear of triggering an official sanction. Traditional bank officials need their office, their papers, their desk, and their telephone for support. They feel lost without these props. But you can strip everything away from a Grameen employee, and still at heart he or she remains a teacher.

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