Muhammad Yunus Essay Example | Topics and Well Written Essays - 750 words

Muhammad Yunus - Essay Example Micro finance is a term given for the practice of providing financial services, usually very small loans, to developing economies. As the name itself suggests, most transactions in micro finance involve small amounts of money, frequently less than 100 USD. This paper will review an article about Microfinance titled, The Microfinance Promise written by Jonathan Murduch with special focus on Economist, Muhammad Yunus. The main thesis of this article is about the role of Microfinance in the development of individuals and how Muhammad Yunus’s role is very crucial in that development. Microfinance is the ray of hope for many people the world over, who were living a life of struggle due to the lack of basic needs caused by deficient economic resources. This economic deficiency is actually due their inability to find a livelihood and this is further accentuated by the apathy shown by the Government and its institutions. â€Å"About one billion people globally live in households with per capita incomes of under one dollar day. The policymakers and practitioners †¦face an uphill battle. Reports of bureaucratic sprawl and unchecked corruption abound† (Murduch 1569) The author focusses on Muhammad Yunus and Grameen bank after discussing about the utility of Microfinance and the latest approaches. According to the author, it is due to the personal initiative of Muhammad Yunus that Microfinance had its roots in Bangladesh, which in turn ‘rooted’ and ‘routed’ many lives in their path to success. Before Yunus’s initiative, many people had no idea of about the concept of Microfinance and lived their lives with lot of discomfort. And, this term entered common parlance due to the work of Prof. Muhammad Yunus, who was aptly awarded the Nobel Prize for economics in 2006. Muhammad Yunus is only credited with disbursing the first microloan in Bangladesh in 1974 using his own money. The author of the article, Murduch focusses on Yunus

Gibbs Reflective Essay Example | Topics and Well Written Essays - 500 words

Gibbs Reflective - Essay Example From this paper it is clear that looking at the situation, the nurse thought it wise first to open a door. She assumed the driver might have forgotten to close their door and so begun with that door. The easiest way to get to the children was to open their doors next, and so she unlocked all doors and flung the back door open. The nurse was afraid of a misunderstanding between the parents or passers-by, she, however, could not limit her thought to the consequences and, therefore, swing both doors open. After the circulation of air was solved the next step was to look for the nearest authoritative agent. The nurse called a security guard, and it is at this point that she was able to seek help from a second party. They then both waited for the parent to return as they each took a child to their hands.Thid essay stresses that all caregivers are trained to handle all situations from a point of compassion and love. The nurse first took the situation from the children’s perspective. She thought that for an infant to try and understand, such heat and to look and find no help around was a painful situation. She, therefore, felt the need to address the situation in an immediate sense. There are quite a number of laws that govern how children are to be given care. It can   be mistaken as a kidnapper in such a situation. It was, therefore, her first instinct to relieve the children of the immediate threat and then the nurse would look seek help from a person in authority.