The Next Yunus Forum will be an all day birthday party (+1) in Dhaka on June 29 Help make a top 10 list of youth and yes we can projects that would be worth collaborating around before and after example 1 ambassador 5000 example 2 1000 social business links in one web ideas welcome also we would like to give all delagate a page of 100 good news headlines for sustainability and the collaboration race to poverty museums gravitated by connecting the 7 wonders of microeconomics: energy, credit, edu, health, media, smba and yes we can gov - do you have a candidate headline?

Sunday, May 17, 2009

When an activity is something that 7 billion people can enjoy knowing about, our editors at like to encourage as many different way of exploring what you can network around microcredit as possible. Which of these grab you? What other ways into exploring microcredit can be most inspiring?

1 When replicated the way that Bangladesh open sources, microcredit is the only mathematically correct form of sustainability investment banking so far discovered.

2 Microcredit is an optimal way of empowering people and generations to be income generating. With microcredit used optimally, there is no reason why 7 billion people shouldn’t be fully and responsibly employed to their hearts content.

3 Microcredit transforms the poorest communities, and sustainably compounds the wealth and health of any community, by focusing the governance of banking on two value multiplying dynamics

3a The services the community most needs to be locally supplied competently and sufficiently

3b Identifying that uniquely purposeful patterning which that community can sustain value win-wins by exchanging regionally, nationally or even worldwide

4 Another approach to microcredit is to connect all the poorest but most industrious in a particular industry sector until they own that sector cooperatively. That ensures that the wealth of sector leadership is returned to the local people whose lives locally most deeply served the sector instead of some global capital city

5 In networked worlds where virtual sources of productivity become possible, we can design ways in which microcredit would ensure a skills association is owned cooperatively and in a way that ends digital or other divides

6 Microcredit regains freedom of speech and media to design free markets of life critical services of which 7 seem pretty essential if every child, women and person is to have a life

micro-ed and www-women

thanks NY meeting around may 21's women together sounds great; meeting mother of microcredit is always the greatest of privileges,

and maybe I can find out whether there is any educational revolutionary we have forgotten to ask to june 29 -will mrs begum have heard of youth ambassador 5000?

incidentally it would help me for other occasions to be introduced to a diary keeper in the new york office of grameen - I did visit there once but it was not at all obvious whose flow matched mine; the flow with st johns edu is very important for me to map in case they have anything to connect with spanish-african microsummit knowledge sharing!! (attached)

the situation had been different when amy wilson was representing grameen shakti out of that office because that was an obvious story to be able to take yes we can world's questions on


"Reaching Targets to the Millennium Development Goals"

File Format: PDF/Adobe Acrobat - View as HTMLNurjaham Begum. General Manager of Grameen Bank. ... Women Together Vicepresident. . Hillary French. -
UN partners with filmmakers to give voice to women suffering in ...
Xinhua - ‎May 14, 2009‎
Among the screenings are films showing how a Liberian woman "braved the tide of hate that was sweeping over" her war-torn country by bringing women together ...
ADMAF founder Hoda Al Khamis Kanoo to receive Women Together Award ...
AME Info - ‎May 14, 2009‎
The Organization has special consultative status with the UN Economic and Social Council and is associated with the UN programme for poverty eradication.
Patricia Velásquez: “Mi trabajo es luchar por los que tienen un ... - ‎May 13, 2009‎
Por eso fue reconocida por la Organización de las Naciones Unidas, la cual le entregará el premio Women Together Awards en Nueva York el próximo 20 de mayo. ...

Saturday, May 16, 2009

Grameen in Turkey & Tunisia

Microcredits as macrohelpers
ISTANBUL - Threatened by the ever-increasing unemployment figures in the country, Turkish women have been seeking ways to contribute to the household income. Their search has lead women to discover microcredit, according to an expert on the topic. Since its foundation, the microcredit system has proved to be an effective way out of the crisis, he says Unemployment figures have risen to 3.5 million in Turkey due to the global economic crisis. However, the global turmoil has not borne bad news for everyone, with several Turkish women managing quite well after seeing opportunity in the crisis to establish their own businesses. The Turkish Grameen Microcredit Project started in the Diyarbakır region on July 18, 2003. At the time, loans provided for five women were each worth 500 Turkish Liras. The number of women who purchased microcredit in Turkey between 2003 and 2008 was 10,000. However, the crisis must have pushed the right buttons for women, because nearly 11,000 additional women have applied for microcredit within the past nine months. There are 27 branches that have provided microcredit. As per the beginning of May, that figure rose to 42. As per May 9, the total number of women that had benefited from microcredit was 21,248. In September 2008, that figure stood at 12,332. The microcredit system provided loans worth nearly 27 million liras since it entered the Turkish market. ... Asian Tigers hold on tight The four so-called Asian Tigers, South Korea, Singapore, Hong Kong, and Taiwan, were strongly affected by the 1997 Asian financial crisis. The microcredit system proved highly effective in helping the Asian Tigers cope with the crisis. The support provided by the microcredit system, founded by Bangladeshi economist Muhammad Yunus, has proven to be quite effective in helping people climb back up the ladder to escape crises. The increase in applications to obtain microcredits runs parallel to that trend, said Akgül. "If we had 10 million liras we would have distributed it in 33 cities within the next two to three months," he said. .. In the Grameen Microcredit Project in Turkey, credits are used for about 70 different activities.

Enda Inter-Arabe Goes Live on Mifos Information Management Platform
Tunisian Microfinance Pioneer Invests in Technology to Accelerate Growth
Highlighted Links
BEIRUT, LEBANON--(Marketwire - May 12, 2009) - Sanabel Microfinance Conference -- Grameen-Jameel Pan-Arab Microfinance Limited and Grameen Foundation today announced the first Arab microfinance institution (MFI) to go live on the Mifos open source Management Information System (MIS) platform Enda inter-arabe (enda) in Tunisia.
One of the Arab Region's pioneering MFIs, enda selected Mifos, a highly flexible, cost-effective technology platform specifically designed for microfinance, to help drive and sustain its outreach, innovation and growth. Enda expects its investment in Mifos, the open source initiative developed by Grameen Foundation and launched in the Arab World by Grameen-Jameel, will assist it in managing its high growth from the current 100,000-plus poor clients across Tunisia to its target of 300,000 by the end of 2012. The announcement was made at the 2009 Sanabel Microfinance Conference in Beirut, Lebanon, the largest gathering of microfinance practitioners and leading stakeholders in the Middle East and North Africa.
Founded in Tunisia in 1990, enda began micro-credit in 1995 and has served as a leader for the sector, providing broader financial inclusion for Tunisian micro-entrepreneurs through innovative high-quality services. In December 2008, it was ranked 18th in the 2008 Mix Global 100 list of the top 100 best performing MFIs globally and has aggressive plans to reach 300,000 clients, with a loan portfolio totaling more than US$160 million by the end of 2012. .. Grameen Foundation worked directly with enda's staff to craft a training, rollout and user adoption strategy that successfully aligned the Mifos technology with enda's business processes. An aggressive execution plan allowed enda to bring on five to seven branches in a first testing phase and then successfully roll out Mifos across all 52 branches with no interference to daily operations.
Enda will continue to work with the community to extend the Mifos platform, driving growth and social impact across the region. Visit to learn more, download the product, and become a part of the Mifos community.
About Grameen-Jameel Pan-Arab Microfinance Limited
Grameen-Jameel is a Social Business established in 2007 as a joint venture between Grameen Foundation and Bab Rizq Jameel Limited, a subsidiary of Abdul Latif Jameel Group. The company alleviates poverty in the Arab World by forming strategic partnerships with microfinance institutions and providing technical and financing support through its guarantee program. To date, Grameen-Jameel has facilitated local currency financing of US$44 million backed by US$20 million in guarantees to its partners. Grameen-Jameel has reached more than 350,000 new microfinance clients through its partners in Morocco, Tunisia, Egypt, Lebanon, Jordan, Palestine and Yemen.

bridging micro everyone - part 1

meeting sam daley-harris, jerry peloquin, chris macrae

sam - the opportunity to have an hour with ingrid to hear exactly which tracks she most wants to see integrated at kenya march 2010 is an exrtaoridinary privilege; and the idea of a spanish-kenya exchange is magic cross-cultural one

I am so sorry that I dont think I can get to colombia for personal reasons; its great that Jerry is going as he's probably the only other sustainable revolutionary outside of results I have met in DC (which may show I dont know where to look!)

I have had a word with the Bolivian in europe who most helps us translate between english, german and spanish cultures of microeconomics, and yunus replications across the 7 Micro-Summit Zones Yunus briefed forum teams on in jan 08 as being where he saw his new book bridging ; it sounds as if it may be hard for her to rejuggle her business diary; but if she works a miracle on that I will revert


yunus 7 micro wonders

understanding rehearsals while I look at this pic:

energy includes water, food , agriculture

typically in yunus mind housing (his first great franchise after credit) is included in health/safety though at estate level it clearly gives huge green energy possibilities too; we could see if wangari mathaai - kenya and african women's nobel laureate has anything practical; and ditto micro-irrigation which is 3% of kenyan economy; paul rose is a bbc broadcatser who is on the case of yunus and so I imagine his advice on who could do most revolutionary green micro track could be fun- april at is someone I would always get

media includes not just such global platforms as yunusmovie but internet for poor - I didnt see why we dont start whiteboxing kiva to much more segmented needs and affinty groups; yunus has about 200 very smart ICT people n dhaka - perhaps too many are tied up with

yunus uses education to mean vocational up to first job and with philosophy that in future most young peers are going to need to create their own microentrepreneurial jobs; he and abed tell the village kids; see what you mum could do with no litearcy, prove what you can microentrepreneurially network; june 29 expects to bring some of the most revolutionary educators ever assem,bled in one place since that's the area us europeans have put most worldwide entrepreneur research into; we get very different list than ashoka and other usa judges of education

I have a lot of data coming together on micro-health but need to find a time in vidar's diary to swap notes; on june 29 we are also inviting yunus to come and talk at a 7th graders school on the outskirts of National Institute of Health - see if he agrees

smba is other way round systems- the Gandian challenge of ending colonialism comes back to what do you do when every global profession has lost its hippocratic oath and is compounding poverty with its onw top down rules and separated busienss case in an age where all the new innovation of above zero economics is about connectedness not ruling over separated boundaries

bridging these with a new "yes we can" relevant dynamic is youth ambassador 5000 project which yunus briefed his forum team on at microcredisummit Bali; our focus I believe needs to be the magic micro triangle of Yunus*Abed*Munro, and too and fro from the deepest university clubs - we are expecting dr yunus to debrief which ones he sees as truly motivated by micro-up as well as records to all grameen interns known interests

Headlines of Future Capitalism - SMBA microsummit

We are asking friends and the 1000 readers of "Creating a world without poverty - social business, future of capitalism" what are the system crisis headlines from the book's chapters that stay with them. This qualifies for good news as we adopt the Eastern definition of crisis as crossroads of compound oppportunity and risk. To know what the system problem is -that's where all good news and actions can blossom

chapter 1 - none of the major 20th century organsiational typologies is designed to systemically end poverty nor to compound sustainability's investment. One reflection of that in corporate world is CSR where leaders of individual organisations say our owners (and how we are quarterly measured and rewarded and appraised by media) can't afford to be the first not to externalise our sector's greatest risk or its most speculative way of extracting. This suggests we need to approach valuation (free market transparency of media) at the global market sector level not just separated systems.

Friday, May 15, 2009


good news from

the best brands for peoples of the world -including all the hundreds of sustainability solutions being replicated out of Bangaldesh - don't have any money to waste on ads and paid for fashion sponsors

- so we are always looking for global platforms and hi-trust people networks to linkin and amongst several exciting ones including the imminent empowerment album from the pop group greenchildren , yunus movie is the one that excites most of all to prepare for - do send in other ideas to

this post will update on this extraordinary happening hubbing out of paris around one of the top journalist for humanity Vivian

Vivian's plans for this went back way before the fame that Dr Yunus gained from award of the Nobel prize and represent a life vision -hwy not connect al;l the nest news and actions in the number 1 colqaboration space race of our generation - to see poverty museums blossoming out of every place so ending the dismal system mistake that got embedded in days of colonial global-down power (compound extraction from the world's poorest rural areas by the biggest cities in ways even more toxic than subprime compound vanities and terrors) extreme poverty and loss of any community's sustainability represents

here are some links to advance press on movie with extracts:
variety broadwayworld -hollywoodreporter

CANNES -Power Duo to Take Up Nobel Cause- Former BBC Films chief David Thompson and "Mamma Mia!" firector Phyllida Lloyd are developing a movie based on the influence of Nobel Prize winner Muhammad Yunus' radical economic theories on the lives of women. The U.K.-based Thompson is developing under his Origin Pictures banner,and will work alongside producers Christian de Boisredon, Vivian Norris de Montaigu and Nicolas Jourdier, who initiated the project and collaborated closely with Yunus to bring the project to the table.Known as the world's "banker to the poor," Yunus began by lending $27 to 42 people in 1976. His Grameen bank has since loaned more than $6 billion in Bangladesh and his work has been duplicated in over 100 countries.By lending predominantly to women in poor communities, Yunus has managed to foster a spirit of collective responsibility underpinning the bank's success -- it boasts a 98.5% repayment rate, far higher than any commercial banks. "Yunus has thrown down the gauntlet to all of us," Lloyd said." How to live our lives. If the poorest of the poor can transform their worlds, what excuse is there for the rest of us? This is an astonishing story of not taking 'no' for an answer."We believe it will be entertaining and gripping, shining a spotlight on the global stories that bind and divide us," Thompson said.


eg 1
IDCOL to Produce Solar Panels in Bangladesh, 04.25.2009, 06:16am (GMT)

Infrastructure Development Company Limited (IDCOL), a non-bank financial institution on Bangladesh, is planning to produce solar panels locally in an effort to bring the country's rural areas under power supply network in a faster way."We've planned to produce solar panel to make it cheaper as well as expand our service areas in line with the government vision of 'Electricity for all by 2020'," IDCOL's newly appointed Chief Executive Officer (CEO) and Executive Director Islam Sharif told.IDCOL now imports solar panels from various countries, including China and India, which is costlier for local users. "But, if we can produce the solar panel locally it would be cheaper for the villagers to use it as an individual power system," Mr Sharif said.Islam Sharif, who served as Vice-president of Citibank NA in New York, suggested that the government should go for a comprehensive campaign to encourage people to use solar energy as the national power grid is unable to cope with the growing power demand."We also encourage the businessmen to install solar energy system in their industries and we're ready to assist them (businessmen) in this regard," he said. The country's most development plans focus on the capital or metro cities. "But," he said, "IDCOL turns its focus on urban, suburb and rural areas."The IDCOL boss said they also have a plan for setting up their own power plants in different regions of the country where poor road communications hamper local trades. About IDCOL activities, Sharif said IDCOL promotes solar home systems (SHSs) in rural areas under a programme jointly being financed by IDA, Global Environment Facility (GEF) and KfW & GTZ.IDCOL has made an upward revision in its target of financing 300,000 SHSs by 2009 as over 295,000 SHSs have already been installed.

thanks washington dc bureau 301 881 1655
volunteer co-ed at

Wednesday, December 31, 2008

Future Capitalism of 2008

Grameen<> Danone : news ; greats 1 2 3 -vitamin milk-based foods
Grameen<> GE <> Hi-tech diagnosis & Virtual
Grameen<> Mayo Clinic -training?
Grameen<> Pfizer - healthplan?
Grameen<> German-Saudi Hospitals -constructon
Grameen<>BASF malaria nets and vitamin foods

Grameen<>Veolia Water


Grameen<>The Green Children <>Aravind Eyecare

Banking*Mobile Leapfrogging

Banking*Social Business Funds
Grameen<>Credit Agricole
Grameen <>Principality of Monaco

Grameen<>HEC Paris


National Microcredit/Banking Strategies
Grameen<>Carlos Slim

New Marketing - watch for

Grameen<> Bill Gates news; greats 1 2 3
Grameen<> Google news; greats or Q's 1 2 3
Grameen<> Intel news: greats or Q's 1 2 3
Grameen<> Cisco news : Qs 1 1 2 3

Grameen<> Water Industry
Grameen<> Health Projects: greenchildren-eyecare; medical science park dhaka 1 2
Grameen<> Cox's Bazar

Please tell us other news on capitalism that celebrates humanity , citizens project/mapping intelligence centre at facebook wiki

Monday, August 25, 2008

Blog year2008 in october is about ending poverty so we hope this week's syndication to 100 blogs will exponentialise to tens of thousands of blogs by then, with a little help from friends like you

sustainability club

social business club

collaboration cafe

yunus 10000 collaboration coordinators for youth dialogues in that city and between cities together with invitations to action specific to each video good news story - eg if you want microcredit to beat off big banks why not help any school try out micro credit with the world's simplest program small change, big changes - a microloanfoundation franchise

Peers across hemispheres and I are far more interested in ensuring that each of these intercity movements vetoes any uses of 20th c failing system methods that the majority of club coordinators -or where elected an honorary board - vote against, than prescribing revenue models.

Obviously we should want coordinators to make a living out of work input whlst at the same time recognising that being a club coordinator is probably worth more than having many a professional qualification - or needs to become so if this world is to be sustainable. Equally where profits are repeatedly generated I assume we can find a way iof agreeing some sliding scale that should be contributed either to your favourite grassroots organsiation in bangladesh or to a small list of other potential grassroots partners of future capitalism which should probably need at least 75 of members refendum to confirm

I am very happy if people will negotiate what other rules they would need to want to participate as well as to clarify where they want diferent contant at the mother webs. The main web system I use costs $35 a year per web so its not difficult to imagine that major cties will also want to set up their own branch web or of course a free blog - either of which we will happily linmk from the top of the mother web.

Obviously some of our constitution needs double checking with for example the 100000 bangladeshi's and other Gandhians who are the main practical exemplar of the values we seek to network worldwide so that the future sustains 7 billion brilliant jobs and goodwill multiplying across all women, children and even men.

We wish to learn from each city's most successful ways of mobilising and cross-cultural celebration, as well as metods for ensuring that any action network actually reaches to those in most desperate need of its service. This is one of the big lessons of bangladeshi experience -reiterated by every micro-system designer in bangladesh we have interviewed - once a networks starts empowering the entrepreneur inside it will never get deeper than the deepest needsholders it begins with. This is a lesson that many global NGOs seem never to have begun to grade.

chris macrae
washington dc inquiries desk usa 301 881 1655
y10000 at facebook

Monday, March 31, 2008

Yunus youtube library; new "public affairs" book ; citizen corresponendents

News & Search

News & Search by Continent

News & Search by Country
South Africa

News & Search by City
New York
Washington DC
Los Angeles

please tell us what places to add

Sunday, January 20, 2008

help us (1 2 3) edit the best first introduction to the Yunus entrepreneurial revolution of social business and future capitalism

world citizen guide has produced a special to linkin with yunus book and booktour

our guides are open source and we provide bursaries where communities have ideas on re-editing to match their cases with worldwide ones

see the world citizen guide at yunus loaded at ned (free membership required to this discussion space)

or loaded at our home archives (free and direct public)

to make the most of the world citizen guide format print out the first 20 pages as then double sided pages and then fold in half

this guide will be discussed directly with Dr Yunus in New York on jan 23 with a view to editing and improving before distributing 1000+ guides to Yunus booktour audeinces in UK Feb 14-17

of course we welcome your idea on how to iteratively improve the guide to be the most usable first introduction to everything that networks can make out of social business and future capitalism

if you know of a yunus booktpour blog or facebook, please add it in to this conversation and we'll display a link in this top space listing

Monday, January 14, 2008

news on future capitalism as at j14

A Path To Developing 'Social Businesses'Hartford Courant, United States - Jan 13, 2008Today, $27 covers the cost of Yunus' new book, "Creating a World Without Poverty: Social Business and the Future of Capitalism" (PublicAffairs, $26). ...New book by Prof Yunus launched in USA The Daily StarNobel Peace Prize laureate spreads message of aiding the poor to ... Austin American-Statesmanall 4 news articles »

Bangladesh will be a modern poverty-free nation by 2030The Daily Star, Bangladesh - Jan 11, 2008The interview was recorded on the eve of the unveiling of his new book " Creating a World Without Poverty: Social Business and the Future of Capitalism". ...

A Dilemma for Authors: Solidarity or Book Sales?Publishers Weekly, NY - Jan 10, 2008Meanwhile, economist Muhammad Yunus, author of Creating a World Without Poverty: Social Business and the Future of Capitalism (PublicAffairs, Dec. ...

The end is nigh in our search for 2007's top social entrepreneurIndependent, UK - Jan 1, 2008The Independent's contest recognises the huge contribution that social entrepreneurs are set to make – both to free market capitalism and to the world as a ...

Tuesday, January 1, 2008

Yunus youtube library; new "public affairs" book ; citizen corresponendents

Here are some draft one-page debating scripts from the new Yunus book subtitle : social business - future of capitalism

1 What is Good (win-win-win) Global?

Yunus p.5
In a world where the ideology of free enterprise has no real challenger, why have free markets failed so many people? As some nations march towards ever greater prosperity, why has so much of the world been left behind? The reason is simple. Unfettered markets in their current form are not meant to solve social problems, and instead may actually exacerbate poverty, disease, corruption, crime and inequality

I support the idea of globalization –that free markets should expand beyond national borders, allowing trade among nations and a continuing flow of capital, and with governments wooing international companies by offering them business facilities, operating conveniences and tax and regulatory advantages. Globalization, as a general business principle, can bring more benefits to the poor than any other alternative. But without proper oversight and guidelines, globalization has the potential to be highly destructive. Global trade is like a hundred-lane highway criss-crossing the world. If it is a free-for-all high way, with no stoplights, speed limits, size restrictions or even lane-markers its surface will be taken over by the giant trucks from the world’s most powerful economies. Small vehicles will be forced off the highway. In order to have win-win globalization, we must have fair traffic laws, traffic signals and traffic police . The rule of the “strongest takes all” must be replaced by rules that ensure the poorest have a place on the highway. Otherwise the global market falls under the control of financial imperialism

Are any of these answers to the above problem?
?Government? page 6
?Non-Profit Organisations? Page 9
?Multilateral Development Institutions – eg world bank, international finance corporation, 3 regional development banks of Africa, Asia, Caribbean page 11
?Corporate Social Responsibility? Page 12

2 Capitalism has become a half-developed structure –p14

Capitalism takes a narrow view of human nature, assuming that people are one-dimensional beings concerned only with the pursuit of maximum profit. Today’s concept of the free market is based on one-dimensional human being. It postulates that you are contributing to the society and the world in the best possible manner if you just concentrate on getting te most for yourself. When believers in this theory see gloomy news on television, they should begin to wonder whether pursuit of profit is a cure-all but they usually dismiss their doubts, blaming all the bad things in the world on “market failures”. They have trained their minds to believe that well-functioning markets simply cannot produce unpleasant results.

I believe there is a much deeper problem. Today’s free-market theory suffers from a “conceptualisation failure”, a failure to capture the essence of what it is to be human. Conventional business theory has created a one-dimensional human being to play the role of business leader. We’ve insulated him from the rest of life: the religious, emotional, political and social. He is dedicated to one mission only – maximise profit. He is supported by other one-dimensional human beings who give him their money to achieve that mission. To quotte Oscar Wilde, they know the price of everything and the value of nothing.

Our economic theory has created a one-dimensional world peopled by those who devote themselves to the game whose victory is measured only by profit. And since we are persuaded by the theory that pursuit of profit is best way to bring happiness to humankind, we imitate the theory striving to transform ourselves into one-dimensional human beings. Today’s world is so mesmerised by the success of capitalism that it does not dare doubt the system’s underlying theory.

Yet the reality is very different from the theory. People are not one dimensional entities: they are excitingly multidimensional. Their emotions, beliefs, priorities and behaviour patterns can best be compared with the millions of shades we can produce from the three primary colours. Even the most famous capitalists have a wide range of interests and drives which is why tycoons like Carnegie or Bill Gates ultimately turn away from the game of profit to focus on higher objectives.

The presence of our multi-dimensional personalities means that not every business should be bound to serve the single objective of profit maximisation. This is where the new concept of social business comes in.

Exercise: How would you map organisational system of a social business

3 Seeing what a social business is and is not –page 17

To make today’s half-developed structure of capitalism complete we need to introduce another kind of business –one that recognises the multi-dimensional nature of human beings. Entrepreneurs of social businesses design organisational systems not for limited personal gain but to pursue broad social goals

How can the products or services sold by a social business provide a social benefit. There are countless ways. For a few examples, imagine:
A social business that manufactures and sells high-quality nutritious food products at very low prices to a targeted market of poor and underfed children
A social business that designs and markets health insurance policies that provide affordable medical care to the poor
A social business that develops renewable-energy systems and sells them at reasonable prices to rural communities that otherwise can’t afford access to energy
A social business that recycles garbage, sewage, and other waste products that would otherwise generate pollution in poor or politically powerless neighbourhoods

In its organisational structure, the social business is basically the same as a for-profit business. But it differs in objectives. Like other businesses it employs workers, creates goods or services, and provides thee to customers for a fair price. But its underlying criterion by which it should be evaluated- is to create social benefits for those whose lives it touches. The company itself may earn a profit, but investors who support it do not take any profits out of the company. A social business is a company that is cause-driven rather than profit-driven, with the potential to act as a change agent for the world.

A social business is very different from a charity. It is a business in every sense. When you are running a business you think differently and work differently than when you are running a charity. There are many organisations in the world today that concentrate on creating a social benefit. Most do not recover their operating costs. Nonprofit organisations and NGOs rely on charitable donations, foundation grants, or government support. Their leaders are forced to devote a lot of their time and energy to asking for money, a form of fund raising that focuses on institutional survival rather than expanding the benefits they can offer to those in need.

A social business is different. Operated in accordance with sound business principles, it aims for full cost recovery or even more as it concentrates on creating products and services that provide a social benefit. It pursues this goal by charging a price or fee for the products or services it creates.

A social-objective-driven product that charges a price or fee for its product but cannot cover its costs fully does not qualify as a social business. As long as it has to rely on subsidies and donations to cover its losses, it remains in the category of a charity. But once such a project achieves full cost recovery on a sustainable basis it graduates into another world – the world of business. Only then can it be called a social business. The achievement of full-cost recovery is a moment worth celebrating.

A social business differs from a charity in another important way. It has owners. A social business doesn’t pay profits to investors but it does pay back to investors all of the money they invested. How long would that take. That is up to the management and investors. Also once the investors are repaid, they remain part owners of the social business with a say in its future. Businesspeople find this an exciting opportunity not only to bring money to a social business but to leverage their own business skill and creativity to solve social problems. That’s a very exciting prospect.

Exercise: if you know of cases of social businesses, we’d love to hear of them at with a view to sharing among fellow users of these scripts

4 Mistakes made by Development Program Economics –p52

1 Programs addressed to children should not be looked upon as “humanitarian” or “charitable”. If poverty is to be reduced or eliminated, the next generation must be our focus. We must prepare them to peel off the signs and stigmas of poverty, and instill in them a sense of human dignity and hope for the future. Thus children focused programs are prime development ones – no less so than building an airport, factory or highway.

2 Development strategies focus too much on material accumulation and achievement. Instead the focus needs to be shifted to human beings, their initiative and enterprise. The first and foremost task of development is to turn on the engine of creativity inside each person. Any program that merely meets the physical needs of a poor person or even provides a job is not a true development program unless it leads to the unfolding of his or her creative energy.

3 Standard definition of economic development misses out on true contextual sustainability. Economic development should not be measured solely by income per capita, consumption per capita or anything per capita. The essence of development is changing the quality of life for the bottom half of the population. And that quality is not to be defined just by the size of the consumption basket or the range of choices offered to a person alone. It must also include the enabling environment that lets individuals explore their own creative potential. This is more important than any mere measure of income or consumption. (So it is that microcredit turns on the economic engines among the rejected population of society. Once a large number of these engines start working, the stage is set for big things.)

Exercise: Can you think of other blindspots of classical development economics?
5 Visioning a bank for the poor is not just about financial services- it must set a strong social agenda... This is how and why Grameen Bank is: page 54

No one who borrows from Grameen Bank stands alone. Each belongs to a self-made group of five friends, no two of whom may be related. When one of the five friends want to take out a loan, she needs approval from the remaining four. Although each borrower is responsible for her own loan, the group functions as a small social network that provides encouragement, psychological support, and at times practical assistance in bearing the unfamiliar burden of debt and steering the individual member through the unfamiliar world of “business”.

Neither does each group of five stand alone. Ten to twelve groups come together in a weekly meeting in a centre, which is a simple hut like structure. There are 130,000 centres around the country serving Grameen members. At the weekly meeting, loan repayments are collected by the local branch officer, applications for new loans are submitted, and various inspirational, instructional and practical activities are undertaken from discussions about new business ideas to presentations about health or financial topics. The centre leadership is elected democratically. The community oriented dynamic of Grameen bank is an important reason for the success of our system.

Our social agenda is supported through the 16 Decisions. This is a set of social and personal commitments that evolved during our first decade. By 1984, they had become an integral part of the Grameen program. Every new member of the bank is expected to learn the 16 decisions and to pledge to follow them.

1 Grameen’s 4 principles – discipline, unity, courage and hard work – we shall follow and advance in all walks of our lives
2 We shall bring prosperity to our families
3 We shall not live in dilapidated houses.
4 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus.
5 During the plantation season, we will plant as many seedlings as possible.
6 We shall plan to keep our families small. We shall minimise our expenditures. We shall look after our health.
7 We shall educate our children and ensure that they can earn to pay for their education
8 We shall always keep our children and the environment clean
9 We shall build and use pit latrines
10 We shall boil water before using or use alum to purify it. We shall use pitcher filters to remove arsenic.
11 We shall not take any dowry at our sons’ weddings or give any dowry in our daughters’ weddings. We shall not practice child marriage
12 We shall not inflict injustice or anyone; neither shall we allow anyone to do so.
13 For higher income we shall collectively undertake bigger investments.
14 We shall always be ready to help each other. If anyone is in difficulty, we shall all help
15 If we come to know of any breach of discipline in any centre, we shall all go there and help restore discipline
16 We shall take part in all social activities collectively.

Because of the 16 decisions, Grameen borrowers have taken great care to send their children to school. Virtually every Grameen family has all of its school age children attending school regularly – quite an achievement for borrowers who were mostly illiterate. The spread of education to an entire generation of rural Bangladeshi has been a dramatic historical breakthrough.

The success of Grameen bank has grown from our willingness to recognise and honor human motivations and incentives that transcend the purely economic. Human beings are not just workers, consumers or even entrepreneurs. They are also parents, children, friends neighbours and citizens. They worry about their families, care about the communities where they live, and think a lot about their reputations and relationships with others. For traditional bankers, these human concerns don’t exist. But they are at the heart of what makes Grameen Bank successful. The credit we offer is a tool for reshaping lives, and neither we bankers nor our borrowers ever lose sight of that reality.

Saturday, January 1, 2000