The Price of a Dream: The Story of the Grameen Bank »

David Bornstein is a journalist who has written articles for Atlantic Monthly, Details, Newsday, and Science. He is author of How to Change the World: Social Entrepreneurs and the Power of New Ideas, which was described by the Iew York Times as "must reading" for "anyone who cares about building a more equitable and therefore a more stable world."

The Price of a Dream tells the remarkable story of the Grameen Bank, the groundbreaking "village bank" that has revolutionized the way people around the world fight poverty. The Bank's model—providing collateral-free "micro-loans" for self-employment to millions of women villagers in Bangladesh—has inspired and shaped the thinking of economists, policy makers, business people, development workers and a generation of social entrepreneurs. Both liberal and conservative policy circles have championed the Bank's ability to transform the lives of its clients and help them escape the vicious cycle of deep economic hardship.
Drawing upon interviews with villagers, development workers, economists, and the Bank's founder Muhammad Yunus—a recipient of numerous humanitarian awards—the book shows how the Grameen Bank grew from an experiment in one village to an organization that lends billions of dollars in small individual loans.

Publishers Weekly

Described by its founder, Muhammad Yunus, as a "socially conscious capitalist enterprise," the much-lauded Grameen Bank in Bangladesh seems to be one of the Third World's brightest success stories. By viewing poor people as potential entrepreneurs, the bank has helped village people, especially women, to better their lives in small but significant ways. Bornstein, a Canadian journalist based in New York City, provides an episodic, sometimes choppy portrait of Grameen, Yunus and some of the people whose lives have been affected by the bank. Bornstein's portrait isn't all rosy, however. He hedgingly describes conflicting opinions on whether the bank, which receives significant amounts of grants and low-cost loans, could survive on its own. And, since many American organizations have been studying Grameen, he awkwardly assays the burgeoning "microcredit" movement that aims to provide loans to the poor here. The lesson of Grameen, he concludes, is not extrapolation from abroad but the importance of seeking new solutions to and institutions for complex social problems. (May)

Prologue: This Business of Bangles
Introduction
Part I - The Idea
1. Fairy Tales
2. 856 Takas
3. Social Collateral
4. It Cannot Be Done
5. He Found You Under a Tree?
6. If You Want to Convince Us
Part II - The Villagers
7. Water Upon Land
8. It's All on Trust
9. Stirring the Money
10. Sabina Yasmin
11. The Center Meeting
12. It's Their Problem
13. Can You Walk Far?
14. A Petticoat
Part III - The Organization
15. We Don't Want Windows
16. Independence
17. A New Culture
18. A Natural and Better Fighter
19. If a Big Dam Breaks
20. This Is Her Factory
21. A Conversation
22. Peace of Mind
23. It Was Like a Fish Market
24. Little Checks and Big Checks
Part IV - The System
25. Laying the Foundation
26. I'm Not a Woman Anymore
27. The Logic of Grameen
28. Begum Rokeya
29. The Death of Ali Haider
30. Don't Think of These Things?
31. The Wisdom in Smallness
32. Armed with Information
Part V - The World
33. Credit as a Human Right
34. How Can You Go On with a Situation Like This?
35. An Expensive Way to Transfer Technology
36. A Risk Taker
37. A Great Strategizer
38. An Intensive Care Unit
39. Two Cyclones
40. If I Had to Become a Businesswoman
41. Oirashi's Final House
Part VI - The Future
42. The Golden Boat
43. One Thousand Doctors
44. The Luck of Manijira
45. An Infinite Amount of Work
46. She Turned Her Face to the Light
47. Struck by Lightning
48. The Price of the American Dream
49. Sociall Conscious Capitalism
50.Everywhere You Look
Interest
Acknowledgments
Author's Note
Afterword
Index