Say No

to

Poverty

Dr Muhammad Yunus● He established The Grameen Bank in 1976, which is basically a bank which

provides services to the rural poor

● This bank is founded on the principle that people have great potential, and

unleashing this said potential will free them from the cycle of poverty

● Grameen offers credit to the underprivileged in the society as well as the

shunned such as women, illiterate and unemployed people which could

potentially be their key to a better future.

● HIs other humanitarian works include co-founding the Yunus Social Business,

which empowers social businesses to address global social issues

● He has received many accolades because of his work, examples being the

Nobel Peace Prize and The World Food Prize

Challenges

- Several allegations have been made against Yunus.

- Questions were brought up in questioning the benefits of microfinance

and its effects on poverty alleviation, particularly in regards to many

microfinance Institutions in India.

- The allegations against Yunus became political when the government of

Bangladesh - led by Sheikh Hasina Wajed turned against him and the

concept of microfinance, accusing it of “sucking blood from the poor”.

- In his personal life, he had to lose his first wife Vera Forostenko, his

University mate. Vera went back to New Jersey claiming that Bangladesh

is not a good place to raise their baby Monica Yunus.

Causes

-Rigid class system causes people to be unable

to gain wealth, thus being stuck in a vicious

poverty cycle

-Some charities are corrupted and the funds

that are supposed to help the needy ge

embezzled

Consequences

● The consequences of poverty are manifold:

● An increased crime rate is one of the main consequences of poverty, as

many less fortunate people are desperate for money for food as well as

other basic necessities.

● Thus usually developing countries have a higher crime rate than

developed countries.

● Another main consequence of poverty is the lack of a highly skilled

workforce as many people from these less fortunate countries do not

have the money to attend school, hence they do not the education

required to participate in jobs requiring scientific advanced knowledge.

Solutions

● The most obvious and used solution to poverty is education

● Hence, many developing countries are placing an emphasis on education

so as to break this cycle of poverty

● Other solutions include loans to people suffering from poverty which was

the solution seen in the case study studied

● Creation of new jobs as well as cancelling huge debts are also solutions

to the cycle of poverty.

● Being unwanted, uncared, forgoptten by everybody…..(is) a much greater

hunger than the man who has nothing to eat”-Mother Teresa

real life application

● The most practical application of these values to our daily lives is

through donations as well as community service projects which can be

both organised by the school as well as ourselves, through these projects

countless people around the world will benefit.

● Donations of money as well as clothes or foodstuffs are one of the many

examples of real life application.

● Many people also engage in missionary projects which is also an

extremely helpful project towards the less fortunate in other countries,

as it provides comfort which money may not be able to provide.

● “Being unwanted, unloved, uncared for, forgotten by everybody, I think

that is a much greater hunger, a much greater poverty than the person

who has nothing to eat.”-Mother Teresa

THANK YOU! :)

Its your turn to spread the message :)