--- title: "Meaning & Key Takeaway of: Microcredit has shown how you can reach…" description: "\"Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.\" — Muhammad..." image: "https://sms4smile.com/quotes/i/c9e/muhammad-yunus-2158_banking_microcredit-has-shown-how-you-can-reach_2529537.png" --- # Microcredit has shown how you can reach out to people that… ![“Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.” quote by Muhammad Yunus](https://sms4smile.com/quotes/i/c9e/muhammad-yunus-2158_banking_microcredit-has-shown-how-you-can-reach_2529537.png) [Download](https://sms4smile.com/quotes/i/c9e/muhammad-yunus-2158_banking_microcredit-has-shown-how-you-can-reach_2529537.png) [Open image](https://sms4smile.com/quotes/i/c9e/muhammad-yunus-2158_banking_microcredit-has-shown-how-you-can-reach_2529537.png) > “Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.” [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Microcredit enables financial services for those ignored by traditional banks, proving it can work. **In simple terms:** Microcredit reaches people banks miss. Key Takeaway Support inclusive finance. Themes financial inclusion entrepreneurship poverty alleviation Mood optimistic inspirational Type educational motivational When to use this quote - rural lending - startup funding - women entrepreneurs - community development Key Concepts social business microfinance empowerment Questions to Reflect On - How can we scale microcredit responsibly? - What safeguards ensure borrower protection? A Different Perspective Requires strong repayment structures and local partnerships. ★ ★ ★ ★ ★ No ratings yet [Banking](https://sms4smile.com/quotes/about/banking/) [Microcredit](https://sms4smile.com/quotes/about/microcredit/) [People](https://sms4smile.com/quotes/about/people/) ## Related quotes > [My vision for the future? Two things: to make credit a human right so that each individual human being will have the opportunity to…](https://sms4smile.com/quotes/muhammad-yunus/my-vision-for-the-future-two-things-to-make-credit-a-human-right-so/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [This is not charity. This is business: business with a social objective, which is to help people get out of poverty.](https://sms4smile.com/quotes/muhammad-yunus/this-is-not-charity-this-is-business-business-with-a-social-objective/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [At the most basic level, the key to ending extreme poverty is to enable the poorest of the poor to get their foot on…](https://sms4smile.com/quotes/jeffrey-sachs/at-the-most-basic-level-the-key-to-ending-extreme-poverty-is-to/) [Jeffrey Sachs](https://sms4smile.com/quotes/author/jeffrey-sachs/) > [Microfinance recognizes that poor people are remarkable reservoirs of energy and knowledge](https://sms4smile.com/quotes/kofi-annan/microfinance-recognizes-that-poor-people-are-remarkable-reservoirs-of-2/) [Kofi Annan](https://sms4smile.com/quotes/author/kofi-annan/) > [Microfinance recognizes that poor people are remarkable reservoirs of energy and knowledge, posing an untapped opportunity to create markets, bring people in from the…](https://sms4smile.com/quotes/kofi-annan/microfinance-recognizes-that-poor-people-are-remarkable-reservoirs-of/) [Kofi Annan](https://sms4smile.com/quotes/author/kofi-annan/) > [Microfinance is an idea whose time has come.](https://sms4smile.com/quotes/kofi-annan/microfinance-is-an-idea-whose-time-has-come/) [Kofi Annan](https://sms4smile.com/quotes/author/kofi-annan/) > [If you do microcredit with men, they tend to quickly drink it. They don't pay you back.](https://sms4smile.com/quotes/jane-goodall/if-you-do-microcredit-with-men-they-tend-to-quickly-drink-it-they-don/) [Jane Goodall](https://sms4smile.com/quotes/author/jane-goodall/) > [Microcredit is about giving hope.](https://sms4smile.com/quotes/natalie-portman/microcredit-is-about-giving-hope/) [Natalie Portman](https://sms4smile.com/quotes/author/natalie-portman/) > [Microfinance stands as one of the most promising and cost-effective tools in the fight against global poverty.](https://sms4smile.com/quotes/jonathan-morduch/microfinance-stands-as-one-of-the-most-promising-and-cost-effective/) Jonathan Morduch > [When combined with information and communication technologies, microcredit can unleash new opportunities for the world's poorest entrepreneurs and thereby revitalize the village economies they…](https://sms4smile.com/quotes/madeleine-albright/when-combined-with-information-and-communication-technologies/) [Madeleine Albright](https://sms4smile.com/quotes/author/madeleine-albright/) > [Microloans enable the poor to lift themselves out of poverty through entrepreneurship.](https://sms4smile.com/quotes/pierre-omidyar/microloans-enable-the-poor-to-lift-themselves-out-of-poverty-through/) [Pierre Omidyar](https://sms4smile.com/quotes/author/pierre-omidyar/) > [The key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development. The…](https://sms4smile.com/quotes/jeffrey-sachs/the-key-to-ending-extreme-poverty-is-to-enable-the-poorest-of-the/) [Jeffrey Sachs](https://sms4smile.com/quotes/author/jeffrey-sachs/) > [I have been talking about social issues on YouTube for a long time now. I think it's very important in terms of being able…](https://sms4smile.com/quotes/franchesca-ramsey/i-have-been-talking-about-social-issues-on-youtube-for-a-long-time/) [Franchesca Ramsey](https://sms4smile.com/quotes/author/franchesca-ramsey/) > [We had to get serious and hit all aspects. We had to graduate. That's what you got to do: reach all people across the…](https://sms4smile.com/quotes/quavo/we-had-to-get-serious-and-hit-all-aspects-we-had-to-graduate-that-s/) [Quavo](https://sms4smile.com/quotes/author/quavo/) > [Anytime God wanted to reach people he always used people to do it. So, anytime the Holy Spirit wants to reach other people, it…](https://sms4smile.com/quotes/andy-andrews/anytime-god-wanted-to-reach-people-he-always-used-people-to-do-it-so/) [Andy Andrews](https://sms4smile.com/quotes/author/andy-andrews/) ## More by Muhammad Yunus > [What is entrepreneurship, after all? Bigness is not the issue. Poor people are the ones who take challenges every day. The guy who sells…](https://sms4smile.com/quotes/muhammad-yunus/what-is-entrepreneurship-after-all-bigness-is-not-the-issue-poor/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [Here we were talking about economic development, about investing billions of dollars in various programs, and I could see it wasn't billions of dollars…](https://sms4smile.com/quotes/muhammad-yunus/here-we-were-talking-about-economic-development-about-investing/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [All human beings are very creative - full of potential, full of energy... So, money kind of allows them to express it... And if…](https://sms4smile.com/quotes/muhammad-yunus/all-human-beings-are-very-creative-full-of-potential-full-of-energy/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [Credit markets were originally created to serve human needs; to provide businesses and individuals with capital to start or expand businesses or fulfill other…](https://sms4smile.com/quotes/muhammad-yunus/credit-markets-were-originally-created-to-serve-human-needs-to/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [We have a list of human rights - right to food, right to shelter, right to health, right to education, many such items which…](https://sms4smile.com/quotes/muhammad-yunus/we-have-a-list-of-human-rights-right-to-food-right-to-shelter-right/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [If we are looking for one single action which will enable the poor to overcome their poverty, I would go for credit. Money is…](https://sms4smile.com/quotes/muhammad-yunus/if-we-are-looking-for-one-single-action-which-will-enable-the-poor-to/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [What we are trying to do is to create a social business in Bangladesh, a joint venture to create restaurants for common people. Good,…](https://sms4smile.com/quotes/muhammad-yunus/what-we-are-trying-to-do-is-to-create-a-social-business-in-bangladesh/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [There is the expression of selfishness and there is the expression of selflessness - but economists or theoreticians never touched that part. They said:…](https://sms4smile.com/quotes/muhammad-yunus/there-is-the-expression-of-selfishness-and-there-is-the-expression-of/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [I did something that challenged the banking world. Conventional banks look for the rich; we look for the absolutely poor. All people are entrepreneurs,…](https://sms4smile.com/quotes/muhammad-yunus/i-did-something-that-challenged-the-banking-world-conventional-banks/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [Poverty is an artificial, external imposition on a human being; it is not innate in a human being. And since it is external, it…](https://sms4smile.com/quotes/muhammad-yunus/poverty-is-an-artificial-external-imposition-on-a-human-being-it-is/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [I made a list of people who needed just a little bit of money. And when the list was complete, there were 42 names.…](https://sms4smile.com/quotes/muhammad-yunus/i-made-a-list-of-people-who-needed-just-a-little-bit-of-money-and/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [I dismiss personal profit and focus exclusively on people and planet. That's what I call social business: a nondividend company dedicated to solving human…](https://sms4smile.com/quotes/muhammad-yunus/i-dismiss-personal-profit-and-focus-exclusively-on-people-and-planet/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [I have come to believe, deeply and firmly, that we can create a poverty free world if we want to. I came to this…](https://sms4smile.com/quotes/muhammad-yunus/i-have-come-to-believe-deeply-and-firmly-that-we-can-create-a-poverty/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [The crisis is the price for the capitalist system](https://sms4smile.com/quotes/muhammad-yunus/the-crisis-is-the-price-for-the-capitalist-system/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [I was teaching in one of the universities while the country was suffering from a severe famine. People were dying of hunger, and I…](https://sms4smile.com/quotes/muhammad-yunus/i-was-teaching-in-one-of-the-universities-while-the-country-was/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) [Explore all 182 Muhammad Yunus quotes ](https://sms4smile.com/quotes/author/muhammad-yunus/) ## More Banking quotes > [If I could wave a magic wand, I'd break up the banking system.](https://sms4smile.com/quotes/kenneth-c-griffin/if-i-could-wave-a-magic-wand-i-d-break-up-the-banking-system/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…](https://sms4smile.com/quotes/john-adams/historically-usury-was-defined-as-any-interest-whatever-on-an/) [John Adams](https://sms4smile.com/quotes/author/john-adams/) > [I am alive. Up here with the song of the engine and the air whispering on my face as the sunlight and shadows play…](https://sms4smile.com/quotes/stephen-coonts/i-am-alive-up-here-with-the-song-of-the-engine-and-the-air-whispering/) [Stephen Coonts](https://sms4smile.com/quotes/author/stephen-coonts/) > [It's not that I have any general aversion to technology but online banking just seems to be asking for trouble. You can have enough…](https://sms4smile.com/quotes/david-essex/it-s-not-that-i-have-any-general-aversion-to-technology-but-online/) [David Essex](https://sms4smile.com/quotes/author/david-essex/) > [When a government is dependent upon bankers for money, they and not the leaders of the government control the situation](https://sms4smile.com/quotes/napoleon-bonaparte/when-a-government-is-dependent-upon-bankers-for-money-they-and-not/) [Napoleon Bonaparte](https://sms4smile.com/quotes/author/napoleon-bonaparte/) > [“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises…](https://sms4smile.com/quotes/nassim-nicholas-taleb/suckers-think-that-you-cure-greed-with-money-addiction-with/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [My father was in real estate, banking, and land management. As family life, it was very conventional, happy, and comfortable. We weren't wealthy, but…](https://sms4smile.com/quotes/julia-child/my-father-was-in-real-estate-banking-and-land-management-as-family/) [Julia Child](https://sms4smile.com/quotes/author/julia-child/) > [I only know one thing: Everything I learned about the banking business, I learned in the banking towers of the Societe.](https://sms4smile.com/quotes/jerome-kerviel/i-only-know-one-thing-everything-i-learned-about-the-banking-business/) [Jerome Kerviel](https://sms4smile.com/quotes/author/jerome-kerviel/) > [I have nothing against investment banking, but it's like massaging money rather than creating money.](https://sms4smile.com/quotes/michio-kaku/i-have-nothing-against-investment-banking-but-it-s-like-massaging/) [Michio Kaku](https://sms4smile.com/quotes/author/michio-kaku/) > [If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.](https://sms4smile.com/quotes/kenneth-fisher/if-you-ve-taken-econ-101-you-know-that-the-quantity-of-money-rises/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [I want the best people, not just on the banking side but on innovation and technology.](https://sms4smile.com/quotes/ana-patricia-botin/i-want-the-best-people-not-just-on-the-banking-side-but-on-innovation/) [Ana Patricia Botin](https://sms4smile.com/quotes/author/ana-patricia-botin/) > [“Intellectually and compassionately explaining the reason freedom works is required for credibility.”](https://sms4smile.com/quotes/ron-paul/intellectually-and-compassionately-explaining-the-reason-freedom/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [A banking system is an act of faith: it survives only for as long as people believe it will.](https://sms4smile.com/quotes/michael-lewis/a-banking-system-is-an-act-of-faith-it-survives-only-for-as-long-as/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Browse all 571 Banking quotes ](https://sms4smile.com/quotes/about/banking/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Microcredit has shown how you can reach out to people that conventional banking cannot. 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