I have been involved in poverty reduction through holistic microfinance in Haiti for more than nine years, mainly representing Grameen Foundation on the boards of various entities within the Fonkoze family of organizations.
Grameen Foundation Insights
You are here
At Grameen Foundation, our goal is to spur innovation in the global movement to eliminate extreme poverty. Part of that work is to develop better solutions and share them with people like you.
On GF Insights, we share lessons learned from our leaders in the field, news about efforts to expand access to financial and information services for the poor, and how poverty-focused organizations are using data to improve the way they work.
A little over a year ago, Susan Davis, and former Chairwoman of Grameen Foundation said to me, “In the wake of 9/11, there was a lot of talk about developing partnerships with progressive groups in the Middle East, but few actually took the risk and did anything. Grameen Foundation took a big risk and did jump in.
Camilla Nestor, Grameen Foundation’s Senior Vice President for Global Solutions, teaches a financial inclusion course at Columbia University’s School of International and Public Affairs. As part of her course, students submitted blog posts that were evaluated by professors and Grameen Foundation’s communications staff. The first of the two winning posts is featured here.
During our recent workshop on designing products for adoption and scale in Mumbai, I heard many memorable ideas, concepts, examples and analogies. One that has stuck in my mind is Ujjivan’s Samit Ghosh likening the shift we are trying to make to moving from catching rabbits to catching elephants.
I have watched many people set out to start something completely new as a way to increase social impact. I have even started a few such ventures – such as Grameen Foundation – myself. It takes a lot to launch a successful start-up, including courage and, dare I say, cojones. There is significant risk involved, and with the upside of transformation comes the often looming downside of humiliating failure.