Banker to the Poor: The Autobiography of Muhammad Yunus - Chapter 12, Beyond Micro-credit: A New World of Grameen Enterprises Summary & Analysis

Muhammad Yunus
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In 1985 Yunus is asked to take over a fisheries project that has hundreds of ponds. The person who asks him is the secretary of the Fisheries Ministry of Bangladesh. Yunus responds that they are a bank and do not know anything about running a fishery and tells him no. A week later the secretary calls him again and asks him to attend a meeting. Yunus attends and the two men talk after the end of the meeting. Yunus decides to accept the fisheries project and help transfer the assets to the landless poor. The project, called the Nimgachi project, is transferred to Grameen on January 1986. The government leases them more ponds in 1988.

There are problems with the fisheries project. There are floods in 1987 that result in the ponds being...

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