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Works Cited

"About Microcredit." MicroWorld.Org. N.p., n.d. Web. 21 Jan. 2015. <http://
www.microworld.org/en/about-microworld/about-microcredit>. This source will be used
in the "legacy" and "trigger additional changes" part of the assignment. With pictures,
overview sections, multiple tabs and information on not just Grameen, this website can
both be quoted and used as as analysis to show how much Grameen has changed the
world. It states that Muhammad Yunus was the founder of the revolutionary idea of
micro loans and shows how his first loan eventually branched out to millions of other
humans. The website agrees with many other sources in basic information and gives
additional and useful information that will be useful in the final project.
Big Questions: Microlending. PBS. N.p., n.d. Web. 14 Dec. 2014. <http://video.pbs.org/video/
2365164307/>. This source was very informative when it came to it's named topic of
micro loans. It connects well to Muhammad Yunus and the beginning of his economic
experiments in banking. In addition to the strong background information portion of the
video, there are multiple notable quotations from both Yunus and his clients. These
quotes from both the benefactor and those he influenced give positive evidence and
analysis of Grameen bank as a company.
Brennan, Carol. "Muhammad Yunus." Newsmakers. Vol. 3. Detroit: Gale, 2007.Biography in
Context. Web. 4 Dec. 2014 This source is an extensive and contextual material. It has
proven to be a beneficial historical and contextual document with good background
information. However, this prolonged work fails to be detail oriented due to it's longer
size. It has information that is unneeded, which makes some parts of the writing

pointless. Despite this, the document gives good clarifying evidence and matches point of
view of multiple other sources.
Bruno, Alessandro. "Taking a Cue from Grameen Bank Model: Profit Based Microfinance and
Sustainability." Investor Intel 20 Sept. 2012: n. pag. Print. This source focuses on the
legacy of Grameen Bank and what impacts Muhammad Yunus has left on the world. It
speaks of new foundations being formed that are based on the original idea of micro
loans and shows the expansion of these new organizations throughout the world. It also
provides a picture that defines micro loans, that could be used for evidence for the
research question.
Burke, Jason. "Microfinance pioneer Muhammad Yunus accused of tax evasion." The Guardian
10 Sept. 2013: n. pag. The Guardian. Web. 21 Jan. 2015. <http://www.theguardian.com/
world/2013/sep/10/microfinance-muhammad-yunus-accused-tax-evasion>. This
magazine gave us a brief yet informative insight on the outcomes of the recent
accusations against Muhammad Yunus. Despite being charged for allegedly evading taxes
on overseas income, the magazine explores the trials positive outcome. This source was a
reliable way of observing where the Bank stands currently, focusing on its legacy.
"By the Numbers." Grameen Foundation. Firefly Partners, n.d. Web. 15 Dec. 2014. <http://
www.grameenfoundation.org/our-impact/numbers>. This source was helpful in that it
gave reliable graphs and statistics showing the varied population that has been positively
affected by Grameen Bank's work. It was brief yet self explanatory, focusing on the
women who have been lifted out of abject poverty in East Asia.

Esty, Katherine. Twenty-Seven Dollars and a Dream: How Muhammad Yunus Changed the
World and What It Cost Him. N.p.: n.p., n.d. Print. Katherine Esty's novel explores where
and how the concept of micro lending was discovered. This biography was extremely
reliable and helpful in nearly all aspects of our project. It went into depth about
Muhammad Yunus' early life, as well as when he lent 27 US dollars to 42 women, and
realized that small loans could make a disproportionate difference to a poor person. In
addition, the book partially investigated Yunus' legacy.
"Grameen Bank, Bangladesh." Grameen Bank, Bangladesh. Virtual Library, 8 Oct. 2013. Web.
13 Nov. 2014. <http://www.gdrc.org/icm/grameen-supportgrp.html>. This source gave a
detailed explanation of how Grameen Bank works today. It briefly explained where the
bank is located and who it's clients are before going in depth about why the bank chose to
use micro loans rather than charity. However, this source gave little background or
history of the Grameen Bank.
"Grameen Bank." The Urban Times 19 Sept. 2012: n. pag. Urban Times. Web. 20 Jan. 2015.
<https://urbantimes.co/2012/09/reverse-innovation-ideas-from-the-global-south/grameenbank-8/>. The Urban Times 2012 article on Grameen Bank attached a picture of a woman
smiling as she receives her loan from Grameen Bank. The legacy of Grameen Bank is
shown through the fact that many countries, the United States and India among them,
have modeled organizations after Grameen, using the innovative concept of micro
finance.
"The Grameen Experience." The Grameen Experience. N.p., n.d. Web. 20 Jan. 2015. <file:///
Users/zahraadamjee/Downloads/00b7d5297ef09e5ac5000000.pdf>. This source was

helpful, as it gave graphs and charts that show Grameen Bank's success in lifting women
out of poverty. However, this source was extremely long and unorganized, focusing on
the logistics of micro finance rather than its effects on the poor.
"Grameen Foundation." Grameen Foundation. Firefly Partners, 6 Mar. 2013. Web. 13 Nov. 2014.
<http://www.grameenfoundation.org/about/faqs>. This website gave insight on the results
of Grameen Bank. It gave some background of the first loan given by Muhammad Yunus,
before explaining some major concepts about how the bank is run and what that does for
it's clients. This source was reliable yet short and concise.
"Maharashtra Government Planning Grameen Bank Model." The Economic Times 13 Jan. 2010:
n. pag. The Economic Times. Web. 15 Jan. 2015. <http://
articles.economictimes.indiatimes.com/2010-01-13/news/28437664_1_grameen-bankloan-amount-loan-details>. The Economic Times article on Grameen Bank was helpful
and less biased than many of the other sources on the bank. It criticized Grameen's flaws
while praising their strengths. The article used strong and reliable quotes in proving their
claims, as well as going in depth about Yunus' legacy and how micro finance has changed
the world for the better.
"Meet the Heroes." PBS Home. PBS, n.d. Web. 4 Dec. 2014. <http://www.pbs.org/opb/
thenewheroes/meet/yunus.html>. This source was very reliable as it came from the PBS
encyclopedia. Because its directed audience seems to be young adults, it did not go into
detail about micro finance or micro loans. Instead, it gave a general explanation of why
Grameen Bank was started as well as a short biography of Muhammad Yunus. This

article was concise, and did not describe anything about the bank other than general
information.
"Microcredit and Grameen Bank." The New Internationalist 4 Mar. 2008: n. pag. The New
Internationalist. Web. 19 Jan. 2015. <http://newint.org/books/reference/worlddevelopment/case-studies/poverty-microcredit-grameen-bank/>. This newspaper article
was helpful in providing case studies and personal stories from the users of Grameen
Bank. It gave a different point of view than of the government sources that make up the
majority of our sources. The article explained the advantages of micro finance in poor,
rural areas. The newspaper supports Yunus' claim that the poor have skills that are
underutilized, and with the proper tools, can lift themselves out of poverty.
"Muhammad Yunus." Britannica School.Encyclopædia Britannica, Inc., 2014. Web. 23 Dec.
2014. This is a well written biography based on events that are confirmed in multiple
other sources. It has proven to be a helpful source of information on biographical and
background writing. However, due to its small size, it fails to provide any new content.
This source can be used as a reference not for information on the person it is written
about, but information on how to write a useful historical background.
"Muhammad Yunus - Facts". Nobelprize.org. Nobel Media AB 2014. Web. 4 Dec 2014. <http://
www.nobelprize.org/nobel_prizes/peace/laureates/2006/yunus-facts.html> This source
was brief yet informing. Coming from the Nobel Peace Prize website, it is very reliable.
Although it did not give much information about the beginning of the bank or its origin, it
explained the affects of Grameen Bank on society, as well as its legacy. It gave strong and
reliable facts about the motives of Grameen Bank and Muhammad Yunus

Nation Will Not Let Grameen Bank be Snatched Away From The Poor Women. Yunus Centre.
N.p., n.d. Web. 13 Jan. 2015. <http://muhammadyunus.org/index.php/sub/1168-nationwill-not-let>. This source focuses on the majority of Grameen's users being women.
Though this, the article explains the importance of why many people who receive the
loans should be women. This article can be used to argue a large portion of the research
question because of its agreement with Muhammad Yunus's ideas. It uses many numbers
and percentages to further explain the situation of Grameen. This source is also reliable
because it has been backed by many others and it is on the Grameen Foundation website.
1974 famine in Bangladesh: Economic context and myths. N.p., n.d. Web. 9 Dec. 2014. <http://
opinion.bdnews24.com/2013/06/18/1974-famine-in-bangladesh-economic-context-andmyths/>. This engaging article is a detailed and well written source seemingly based on
real and documented research. It has been a vital material that focuses on the economical
and mathematical components of the flood and famines in India. Will both bulleted and
paragraph-form information, the article can be used for overview and in depth
information. A drawback of the source may be that some specific mathematical
information has not yet proven by other sources about the same event. This may be
because it is the most extensive article read for such a specific event in this project so far
and has yet to be backed by other sources.
Olson, Elizabeth. "When Banks Say No, Microlenders Say Yes." New York Times 11 Mar. 2009:
n. pag. Print. Written in modern times, this article shows the legacy of micro financing.
After severe financial crisis, and talk of a second great depression, this article talks about
the disadvantages of commercial banking. It makes a viable argument, stating that micro

lenders are becoming increasingly more popular and that they have a more positive effect
on users. The point of view of this source shows that microfinance has spread across the
world and into America. The source also provided evidence to answer the research
question and adds further to the argument.
"Personal Stories." Grameen Foundation. Firefly Partners, n.d. Web. 15 Dec. 2014. <http://
www.grameenfoundation.org/our-impact/personal-stories>. This source had been helpful
when it comes to personal stories from those who were helped by Grameen Bank. These
give pictures, locations and personal accounts of each person effected by Yunus's actions.
The stories are short and concise and give quotations and multiple point of views on the
bank. Despite the views of each person, every account has a positive outlook on
Grameen's success.
Rothschild, Emma. "The Economics of Starvation II." New York Times 11 Jan. 1977: n. pag.
Print. This article is helpful in that it focuses on the political side of the famine rather
than the economic side. It also shows how little the rest of the world cared about the crisis
going on in Bangladesh, which speaks a lot to the argument of why commercial
enterprises are less helpful than communal organizations. The source gives good quotes
about the political segment that caused the famine, which is different from most other
articles on the same topic.
Weinraub, Bernard. "Bangladesh, the Hungriest of Them All." New York Times 29 Dec. 1974: n.
pag. Print. This article gives amazing insight on the lives of those who lived through the
famine. Though not from a Bangladeshi citizen, the views of this article do reflect what

seemed to have happened in Bangladesh. Pictures and imagery add greatly to the article
and reflect the constant sorrow that people living there at the time went through.
"Desperation Is Spreading in India and Bangladesh." New York Times 26 Jan. 1975: n. pag. Print.
This article gives useful information on who the flood and famine effected and how
women had many family related responsibilities. Combining these two ideas, the article
gives thorough details about specific social classes and how each was effected by the
disasters in Bangladesh. It also explains the vast part of the middle east that these floods
reached, focusing not only on the largest and smallest villages and cities, but other
surrounding towns that would not usually be focused on.
"Food Crisis Seen for Bangladesh." New York Times 11 Mar. 1973: n. pag. Print. This source was
very good in showing the cause for what eventually cased Yunus to create Grameen
Bank. The informative article talks about the Liberation War that caused famine in
Bangladesh. There are many quotes that could be used in the influence paragraph of the
project. This article shows the point of view of Americans who did not truly know what
was happening in Bangladesh but were trying to understand.