To Catch a Dollar: Muhammad Yunus Banks on America
Dr. Muhammad Yunus never wanted to be a banker and he certainly never imagined winning the Nobel Peace Prize. Yet his quest to help the working poor invest in themselves led to both. Known as the father of micro credit loans in Bangladesh, Yunus spent years developing the Grameen Bank, and in 1983 it became a fully licensed bank with a twist… it was owned by its borrowers. Grameen America opened for business in a nondescript office building in Jackson Heights, Queens in late 2007. As the U.S. credit market crumbled and the giant banks of Wall Street faltered one by one, Grameen put 500 potential women borrowers into groups of five, with loans of up to $3,000 dispersed for small business ideas each group of five had developed. TO CATCH A DOLLAR follows the journey of two of these women borrowers and the changes their lives undergo over the course of a year. This is the inspiring, logic-defying yet true story of one man’s idea, a strange new kind of bank, and the millions of lives it changed.