The Grameen Project : Grameen Bank As Part Of A Delivery Recovery Mechanism For Impoverished Individuals Living

    Women in developing countries take out loans to start businesses and make money. Women struggling to make money take out these loans start a business to make money and pay off the debt from taking the loan. They are able to further support their family along with themselves as the debt is paid off and the business makes more money. Individuals living in poverty filled communities rely on informal employment to make money. Micro-credits have been directed more towards women because they invest money in goods and services. They do not need to depend on their husband for money when they have their own business to make money. When women take out loans to start their businesses they get stronger and get independence from their husband. When women invest in good and give services they help their family and themselves in an effective way. This could benefit women in poverty towards coming out of poverty.

In both developing and emerging economies, microfinance has vastly and increasingly been seen as one of the most important means for enhancing the lives of the poor and therefore a major tool for economic and social development mostly in rural areas. Lately, contrary to this widespread belief, critics have raised eyebrows against this growing popularity of microfinance as a major tool for enhancing economic development. Contrary to belief, they are of the opinion that microfinance is a ‘make-belief’ that is hindering economic and social development rather than enhancing it.

The book, Microfinance and its Discontent: Women in Debt in Bangladesh written by Lamia Karim, gives us account on what causes a culture to be known as “economy of shame” status, such as in the case of Bangladesh. She writes on a subject that is a top list priority in the economical world these days, the corrupt ways NGO’s lenders do business not only in Bangladesh but across the world, however, she centralizes her views on Bangladesh and only a handful of NGO’s. Even though this was primarily a look at Bangladesh, it has resulted in capturing the attention of people across the globe not only with the NGO’s mention in the book but resulting in a closer look at all NGO’s and how they serve the people. Karim shares with the readers how the 1980’s nongovernmental organizations (NGOs) led in the way of microfinance institutions and claimed that they were providing women with an empowerment tool by issuing them loans. We find that over 80% of borrows are women and most are economically challenged already. With that being stated Karim also takes a look at how and why that is, she discusses the long term effects it is having on women and how it is furthering the exploitation of women in Bangladesh. She looked at how this type of exploitation has not only weakened further women’s economy in Bangladesh but has also strengthen the power NGO’s have over the people (mainly women) at the same time. It takes a look at this type of expansion and brands NGO’s use as a “shadow state

Poverty has stricken many developing nations. However, there are many ways to limit things like this from occurring, micro-loans being one of those things. It is apparent that women in developing countries are empowered by micro-loans. Micro-loans are a small amount of money given to small businesses. Micro-loans help make women more independent and help them not rely on their husbands for money. It helps these women in poverty get their kids and themselves an education with the money they receive. Additionally, micro-loans make it possible for women starting a business, in order to make more money. There are many benefits for women receiving micro-loans.

Over centuries the idea of GNI came up repeatedly. In the last decade, however this idea has become the subject of a fast expanding political discussion due to growing social problems. Some see it as a crucial remedy for poverty and unemployment, others denounce it as utopian and impossible. In the beginning of the renaissance, the task of looking out for the welfare of poor people was almost an exclusive right of the Church and charitable individuals. Some of these so-called humanists started planting the idea of minimal income in the form of a public assistance. Thomas More (1478-1535) the author of Utopia was one of the first to argue for an income granted for the poor and declared that “No penalty on Earth will stop people from stealing, if it is their only way of getting food.

The purpose of the hiring of the local partners is to take advantage of their knowledge of the local populace, for example if a potential customer has a reputation of looking after their belongings and being good on their word concerning their repayments, then a set minimum deposit would be implemented, and vice versa for a person notorious for abuse of equipment and poor money management. The key would be to ensure that the monthly repayments would remain consistent. After approximately 8 months the “Jompy” is paid off, instead of increasing profitability of the scheme after this benchmark all excess repayments are invested back into local development and infrastructure (schools, education fees, stationary etc). My task was to investigate potential problems faced by the model and if any companies had successfully implemented like-minded schemes. To accomplish this, the potential problems of the model had to be identified in this case one of the main problems involved initiating an honest and mutually beneficial relationship with these Sub-Saharan local communities. This came in the form of formulating potential marketing strategies and suggesting forms of engagement towards those who would benefit most from the product. Another of the main goals

Seven years ago, Jessica Jackley heard a speech by Grameen Bank founder Muhammad Yunus, an economist from Bangladesh who had developed the idea of microcredit: loans offered to entrepreneurs too poor to qualify for traditional bank loans. She says, "I was so completely blown away by the idea that I quit my job, dropped everything and moved to East Africa to help." In late 2005 she co-founded Kiva.org with Matt Flannery.

Poverty was originally inevitable as a result of world affairs, such as slavery, wars and battles for independence. After world affairs has settled, majority of countries recovered from their despair and hardship. Today, the worldwide rate of poverty has dropped dramatically except in sub-Saharan Africa. Jeffery D. Sachs has spent 25 years working in indigent countries of Africa in effort to understand the cause of their endeavors with extreme poverty. Sachs, then, provided an analysis of why extreme poverty exists in Africa and how well developed countries can contribute toward eradicating the complication.

Poverty is an important issue ever since. People try to fight it but up to now failed to do so. There are many theories how to end poverty, nevertheless, in the end it didn't work out in practice. It seems that a revolution needs to be done. However, maybe there are just a few ways to raise awareness of poverty to the ordinary people, as it is always the small steps that will change the world.

A challenge I see in my poverty infested community is lack of awareness. Lack of awareness meaning blind on the opportunities and resources accessible to them. Most people in my community young and old are stuck in a chain that has left them stagnant because they are not told as kids and young adults that there is a way to break the chain instead many become only what they see. Today, I address these issues by tutoring and mentoring kids in my community to help them break the chains and succeed. Also I am brainstorming with my aunt a yearly scholarship for underprivileged kids in my community. In the future I hope to fully accomplish my goal to create a scholarship and programs to create awareness, stability and support for kids. My talk with

With the rise of the morning sun, most of us awake to a day of possibilities, but for those in extreme poverty daybreak brings only anxiety and despair as they try to survive on little to nothing. Over one billion people are currently living in extreme poverty, unable to fathom a future free from hunger, disease and oppression. Extreme poverty, defined as living on $1.25 a day or less, traps generations into an arduous existence with few opportunities to escape. Helping to eliminate extreme poverty means first understanding that it is possible to provide people with a pathway out and if it is possible, we therefore have the responsibility to do so. Millions die each year as a result of extreme poverty. While few would argue that we

Through complaints from beneficiaries of cash transfer programmes, one can know if the financial service providers are meeting their obligations. For example, the Philippine government conditional transfer that target poor households with children used Grievance Redress System to resolve up to five thousand grievances since it was lunch (Social Development Department & East Asia Social Protection Unit (2014). Grievance mechanism is very important mechanism in evaluating the performance of any social intervention programme for the poor.

The money to start the business came from donations and from a loan from the bank where he served as the guarantor. Hence Grameen bank was created, the bank started expanding very rapidly because people were paying their loans back given that they had to pay very little on interests, and it was much easier to pay the capital back. As time progressed and Grameen Bank kept getting bigger, Grameen bank representatives noticed that women in comparison with men were always punctual with their payments and that they were the most productive with their money, and took it directly to their families, which was the mission when the bank was created (New Delhi). Based on those facts, Grameen bank created more programs for women. For instance, Grameen bank would give a woman a goat or a chicken depending on what the woman picked so that she can sell the milk or eggs and she would also get a weekly stipend. If something were to go wrong, she would not be tempted to kill the animal to feed her family. Grameen bank obtained these animals from donations and from purchases the bank itself made. When the animal was no longer productive, they would kill it and sell the meat to the same people at very low prices (Wall Street Journal).

To cite the saying that social entrepreneurship is the best way to help people in need, we would like to provide an outstanding example of social enterprise which is Grameen Bank. Grameen Bank was officially founded in 1983 by Muhammad Yunus and it provides small loans, rather than charity, to the poorest of the poor especially women in Bangladesh. This indeed provides an opportunity for the people to transform their lives. In 2006, Nobel Peace Prize was awarded to Muhammad Yunus and the Grameen Bank for their efforts to create economic and social

Building Social Business is a book about social enterprise written by Muhammad Yunus. Muhammad Yunus is a social entrepreneur, economist, banker, and civil servant leader from Bangladesh. He is known for founding the Grameen Bank which is a microfinance organization and community development bank. Yunus is a well-known proponent of microfinance and microcredit. Due to his efforts in making a change through microfinance and microcredit and other noble causes, Yunus has been given several awards including the Independence Day Award in 1987, World Food Price in 1994, Pfeffer Peace Price also in 1994, Gandhi Peace Price in 2000, Volvo Environment Prize in 2003, Nobel Peace Prize in 2006, Presidential Medal of Freedom in 2009, Congressional