Saturday, October 14, 2006 |
Am looking forward to the Global Voices Summit at the Indian Habitat Centre in Delhi on December 16-17. Details and signup here. Day One is open to all, Day Two is for the GV team. If you're not a part of the Global Voices team, I'd still recommend you attend Day One .. its a fantastic and perhaps the only opportunity worldwide, to meet such an amazing and wide spread of bloggers from all parts of the world, from regions that are almost never represented at other 'blog' conferences. To look outward and not inward. I had such a good time in London last year at the Summit! 8:41:20 PM comment [] trackback [] |
I couldn't help laughing when I read this post Public or Pubic at Amit Varma's blog. It reminded me of a really good friend back in college, who, one day, in all innocence,
asked us in a girly 'hush-hush' whisper: "Why do people call such a private
part public?" 7:46:25 PM comment [] trackback [] |
I was delighted to read that Dr. Muhammed Yunus has won the Nobel Peace Prize for 2006 for Grameen Bank - some say he is an economist and should have been nominated in that category .. I can't help feeling this one is really appropriate because: "Every single individual on earth has
both the potential and the right to live a decent life. Across cultures
and civilizations, Yunus and Grameen Bank have shown that even the
poorest of the poor can work to bring about their own development." The Norwegian Nobel Committee His model is being followed in India as well ... and the proliferation of Self-Help-Groups (SHG's), typically groups of women who are given access to microcredit to start a small business, has the potential to empower women by enabling them to make economic decisions
and help increase family income. [Image from Lifeonline]. Access to credit can be a great catalyst in enhancing the socio-economic conditions of the poor. Where earlier, they were considered 'outsiders' in the world of banking, as they had no collateral, they are now 'bankworthy'. More reactions, links and resources about the Prize, Grameen Movement and Microcredit: Economist wins Nobel Peace Prize: "The winner is Muhammad Yunus, economist (!) and founder of the micro-credit movement, along with his Grameen Bank. Here is the story. Here is his Wikipedia entry. Here is my New York Times column on micro-credit. Here is the best piece on what we know about micro-credit. Here is Yunus's book on micro-credit, which also serves as a memoir and autobiography. It is a captivating and well-written story." From the BlogHer blog: "You can learn more about the Grameen Bank and Muhammad Yunus watching The New Heroes, a PBS series that profiles 14 social entrepreneurs and is available on DVD, by reading Yunus' memoir, Banker to the Poor: Microlending and the Battle Against World Poverty, or watching this video by the Grameen Foundation USA on YouTube" The Fast Company Blog : "A simple business plan based on the concept of microcredit just won Bangladeshi economist Muhammad Yunus the Nobel Peace Prize. Yunus was awarded the prize today for the bank he founded, the Grameen Bank, which provides average loans of only $200. A pioneer in the use of such small loans, Yunus founded the Grameen Bank in 1983 in an effort to help poor Bangladeshis who didnít qualify for bank loans. At the Grameen Bank, no collateral or credit history is needed, and individuals who take out loans are held to a simple standard: the honor system. As a result, anyone and everyone qualifies for a loan. A scary prospect to consider if youíre the lender. But amazingly, the bank has a 99 percent repayment rate, which is attributed to the method of lending through social responsibility. Loans are given to individuals in groups of five. Initiall, two of the five group members are given a loan, and only after they repay the loan in full are the three remaining borrowers eligible for funds. An amazing 97 percent of Grameen Bank's 6.6. million borrowers are women who need start-up capital for their own handmade crafts. An estimated 17 million individuals have received $5.72 billion in loans since the Grameen Bank's inception." From the Bangladeshi Blogosphere: "People are delighted over at the Bangla blogging platform "Bandh Bhanger Awaaj". Drishtipat has news, pictures and more links to texts and videos on Dr. Yunus and Grameen Bank. Mudhpud Chickness says Dr. Yunus has put Bangladesh on the map. The South Asia Biz says "Today is a great day for Bangladesh." Tanvir says: "I hope that this success will allow the Bangladeshis to dream big and lead the country to prosperity." Atunu says "Finally, a deserving Bangalee wins the Nobel Prize". Shahidul Alam of Drik posts an wonderful tribute to Dr. Yunus." [via Global Voices Online] Andy Carvin sums it up: "Perhaps what's most exciting about this Nobel selection is that the people of Bangladesh can rightfully claim that they as individuals have won a share of the Peace Prize. Approximately 94% of the bank is owned by its 6.6 million borrowers - the farmers, the women entrepreneurs, the beggars - while the remaining six percent is owned by the government of Bangladesh, which of course represents the people. No matter how you slice it, this years Peace Prize has been rewarded to the Bangladeshis themselves. Muhammad Yunus may be the one standing in Oslo this December - and rightfully so - but he will be standing on the shoulders of millions of Bangladeshi citizens, each of whom must be swelling with joy this day."[Image from PBS's The New Heroes Series on Muhammed Yunus.] Tags: Microcredit, Muhammad Yunis, Nobel Peace Prize, Social Banking 9:20:52 AM comment [] trackback [] |
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Copyright 2009 Dina Mehta