Blog Posts By: Alex Counts

You are here

06/19/2015

Especially since the Global Findex report made headlines around the world with its finding that the number of financially excluded dropped from 2.5 billion to 2 billion during the period 2011-2014, I have been increasingly uneasy with equating account access as financial inclusion, and especially as equivalent to the essential concept of full financial inclusion as defined by CFI. The Center’s new publication “By the Numbers” does an excellent job helping people to digest all the publicly available data about financial inclusion, and make sense of them. It also reinforces my unease.

Despite the progress in account openings, the report makes it clear that the number of people actually using accounts is unfortunately not growing. Even more worrying, it argues that most accounts “are not really functioning as the hoped-for ‘on-ramp’ to financial inclusion.” The risk, as I see it, is that by adopting a stunted definition of financial inclusion that emphasizes account openings, we may be measuring and incentivizing the wrong things. The report wisely urges “caution regarding the value of mass drives for account opening, such as mandated no frills accounts…”

05/14/2015

A little more than 18 years ago, I began my journey as the founding President and CEO of Grameen Foundation (GF). Professor Muhammad Yunus provided me with $6,000 in seed funding and enormous amounts of his time and wisdom, and of course the Grameen brand.  Since then, thousands of people and organizations joined me on this journey to contribute to the global movement to eliminate poverty.  Grameen Foundation became a daring and caring community of practical idealists that applies the values embodied by Professor Yunus and his team at the global level.

All journeys that begin at some point come to an end. I am announcing today that my time as the President and CEO of Grameen Foundation will be concluding this year.

02/27/2015

Alex Counts will be speaking today at noon at a forum on "Financial Services for the Poor: Lessons and Implications of the Latest Research on Credit" hosted by the World Bank. You can follow the discussions live at http://live.worldbank.org/financial-services-for-the-poor. Share your thoughts with us on Twitter @GrameenFdn

02/17/2015


John C. Whitehead will be laid to rest today in New York City. He will be remembered as a longtime friend and champion of Grameen Foundation and global efforts to defeat poverty. (Photo: Bloomberg)

 
I first met John C. Whitehead long after he had stormed Omaha Beach, led Goldman Sachs and served as Deputy Secretary of State. When I came by his office in May 2000 with Steve Rockefeller, Jr., I was a 33-year old leader of this nascent international humanitarian organization. Yet Mr. Whitehead, as Steve always called him, ended up shaping my career in ways I could barely have imagined on that spring day. His death, at 92 earlier this month, is a personal loss.

12/22/2014


Alex Counts meets with a microfinance client in Banda Aceh in May 2007 to learn how she is recovering from the tsunami

11/05/2014

I find it useful, from time to time, to put aside short-term, tactical matters and take a big step back to reflect on the work we do, why we do it, and the moment in history we live in. It can be difficult in today’s 24-hour, nonstop, always-on environment, but I was reminded of the bigger picture on a recent visit to Colombia. 

A group of us, including four volunteer board members of Grameen Foundation, were in Antioquia, a largely mountainous area in the northwestern part of the country. Grameen Foundation has been working there with farmer cooperatives and other organizations to help smallholder coffee farmers earn more from their land by creating farm management plans and undergoing individualized training and certifications that give them access to larger markets.  

10/13/2014

“Bad habits are hard to break.  But if you can somehow turn a bad habit into a good one, it will also be hard to break.” In just those few words, Grameen Foundation board member David Russell elegantly captured the challenge, and the opportunity, of our “connected farmers” initiative in Latin America that is attempting to convince subsistence cultivators to adopt improved farming practices.

10/13/2014

“Es difícil desprenderse de los malos hábitos.  Aunque, si de un modo u otro, uno consigue convertir un mal hábito en uno bueno, este también será difícil de erradicar”. Con esta sencilla frase, David Russell, miembro del Consejo de Grameen Foundation, captó con elegancia el reto, y la oportunidad, de nuestra iniciativa latinoamericana “granjeros conectados” ,que intenta convencer a los agricultores de subsistencia de la adopción de mejores prácticas agrícolas.

09/10/2014


(L-R): Arcelia Gomez and Alex Counts of Grameen Foundation meet with Fred DeLuca, co-founder and president of Subway Restaurants, at the 2014 Subway Convention.

What do Grameen Foundation and the Subway® restaurant chain have in common? More than you might think. 

Fred DeLuca, co-founder and president of Subway Restaurants, has long been a supporter of microcredit and is also a living example of its success. Fred (as he insisted I call him from our first meeting when I was barely 30 years old) opened his first sandwich shop (then called Pete’s Super Submarines) at just 17 years old with a $1,000 loan from friend and co-founder Peter Buck in 1965. He soon aimed to have 32 stores in operation by 1975. Then and now, he was a humble, hard-working, plain-spoken man – much like Professor Yunus, my mentor from the age of 20.   

08/07/2014

My bottom-line framing of this entire issue is related to a basic question: why we do this kind of social science research at all?  In my mind, we do it for one reason: in combating societal problems such as poverty, we want to do more of what works well, and less of what doesn’t work, or works less well.  Period.  If research contributes to that, I will call it successful and effective.  If not does not, I will call it a failure – no matter how elegant the research design or how smart the investigators.  This is my take on the design principle of “relevance” which we have been discussing today.

Pages

© 2015 Grameen Foundation

Charity Navigator BBB Rating

site design and development by Firefly Partners