“There is at
least one important thing that cannot be done unless you do it :- Unknown”
He is a
Bangladeshi Banker, an Economist and above all a Social Business man, aiming to
redesign the system as an inclusive system. Having said that I saw a video where he was delivering
a speech in Emory University and it helped me to understand what is microcredit
but more over why any country in the world should include microcredit in its system?
Muhammad Yunus
was teaching as a economics teacher in Atlanta when Bangladesh was cherished
with the freedom. After this he returned to his homeland, and saw how LOAN
SHARKS were taking control of the life of poor people by giving them small
loans. Out of desperation he started to give small loans (which came from the
conventional bank) to poor people. This led to the institution of GRAMEEN BANK
which works on the following simple principle and these principles were
opposite to the principles of conventional banks:-
1.Conventional banks give money to rich people, because
they think poor people are not credit worthy. But Grameen Bank gives money to
poor people which they need it to take control of their lives.
2.Borrowers of conventional banks were mostly men.
On the other hand the borrowers of th Grameen bank are women (till now they
have 97% women borrowers in total of 8 million borrowers).
3. Unlike conventional banks, Grameen banks are
free from lawyers as they do not need collateral to give loans to people
neglecting the past issues of these people.
The prime motto of the Grameen Banks is to increase literacy
rate in Bangladesh and so they always motivate people to send their children to school, colleges etc. to get the education by giving them the opportunity
in terms of small loans. We know a mind can only plan or work when it sees an
opportunity of anything which leads to planning and put one in the driver’s
seat of one self’s life. This education helped people to transform their life
which consequently helped in the transformation of families and the villages.
Now the question arises what creates poverty; is it in the person or it is
imposed on him/her from outside. Looking at the successful results of the
Grameen Bank we can say that poverty is created by the system and the
institutions that had been built by us and in which we live in.
In the same terms Grameen bank replicate its model in
America with the name of Grameen America and have more than 2000 borrowers (all
women) in Queens and Brooklyn with average loan of USD 1500.
Muhammad Yunus is
also the part of social business. Unlike other business the CEO of this social
business looks after the number of children got out from malnutrition as the arsenic concentration in the water of Bangladesh is
higher the many countries. With the help of several other companies this these
people are helping the children, females and other malnourished people by
giving them nutritious yogurts, micronutrient sachet, cheap mosquito nets etc.
Currently with Adidas they are developing low cost shoes so that the poor people can
afford them to reduce the level of malnourishment.
Hence the answers of the questions asked in the first
paragraph is that the micro-credit is extension of very small loans (micro-loans)
to impoverished borrowers who typically lack collateral, steady employment
and a verifiable credit history. It is designed not only to support
entrepreneurship and alleviate poverty, but also in many cases to empower women
and uplift entire communities by extension. As people the are no different in any given countries so it can and should extend it's footprint to every country in the worlsd
The art of Alternative Organisational Management:-
The philosophy of organisational behaviour held by
management consists of integrated set of assumptions and beliefs about the way
things are, the purpose for these activities and the way it should be. These philosophies
are sometimes explicit and occasionally implicit, in the minds of a manager.
The selected elements are:-
1.
People should treat each other with
consideration, trust and respect.
2.
Each person is valuable, is unique and makes a
contribution
The basis of this type of management is trust, community and
meaning. The managerial orientation is caring and compassion while the employee
orientation is psychological ownership which leads to the passion and
commitment to organisation goals in more effective manner. This model reflects
the values underlying positive organisational behaviour, where managers focus
their attention on helping employees develop feelings of hope, optimism, self-confidence
and courage.
