What if you could harness the power of the free market to solve the problems of poverty, hunger, and inequality? To some, it sounds impossible. But Nobel Peace Prize winner Muhammad Yunus is doing exactly that.
"Banker to the Poor" Professor Muhammad Yunus established the Grameen Bank in Bangladesh in 1983, fueled by the belief that credit is a fundamental human
right. His objective was to help poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few sound financial principles so they could help themselves.
Loans are small, but sufficient to finance the micro-enterprises undertaken by borrowers: rice-husking, machine repairing, purchase of rickshaws, buying of milk cows, goats, cloth, pottery etc. The interest rate on all loans is 16 percent. The repayment rate on loans is currently - 95 per cent - due to group pressure and self-interest, as well as the motivation of borrowers.
Read his story and adapt those lessons http://en.wikipedia.org/wiki/Muhammad_Yunus
Building Social Business Ventures
Tuesday, December 16, 2008
Friday, December 12, 2008
Will Social Entrepreneurship Save the World?
Tuesday, December 9, 2008
Negativity
Look around. The world is full of things that according to
nay-sayers, should never have happened
"IMPOSSIBLE""IMPRACTICAL""NO"
And yet "YES"
Yes, continents have been foundYes, men have played golf on the moonYes, straw is being turned into bio fuel to power cars
YES, YES, YES
What does it take to turn no into yes?
Curiosity. An open mind. A willingness to take risk.
And when the problem seems most insoluble, when the challenge
is hardest, when everyone else is shaking their heads to say:
LETS GO!!!
Happiness
That is by controlling your thoughts.
Happiness doesn't depend on outward conditions.
It depends on inner conditions."
Wednesday, December 3, 2008
Growth
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