Grameen Foundation Insights

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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.

Latest Posts

03/23/2011 by

Todd Bernhardt is Director of Marketing and Communications for Grameen Foundation.

As readers of this blog may know, several weeks ago the Bank of Bangladesh (BoB) informed microfinance pioneer Professor Muhammad Yunus, winner of the 2006 Nobel Peace Prize, that he was dismissed from his post as Managing Director of Grameen Bank, which he founded in 1983. It claimed that he was serving illegally in his position because it had never formally approved his appointment when the 12-person Grameen Bank Board of Directors – which has three government-appointed directors on it, including the chairman – voted unanimously in 1999 to exempt Prof. Yunus from the mandatory retirement age of 60.

In fact, the BoB had asked the Grameen Bank Board in 1999 for an explanation of Prof. Yunus’s appointment. The GB Board promptly replied, and the subject was never brought up by the Bangladesh Bank again – including during its annual audits of Grameen Bank in the ensuing years. Why then, has it only now brought up the age of Prof. Yunus as an issue, after more than 11 years of silence about it?

03/22/2011 by

People are at the heart of microfinance — both as clients and as frontline workers. Grameen Foundation's Human Capital Center (HCC) helps to ensure that the people really making microfinance happen in the field get the support and guidance they need to work to the best of their abilities. In a guest piece for the Center for Financial Inclusion's blog, Peg Ross, HCC's director, discusses the challenges facing front-line workers and our plans to work with socially-focused microfinance institutions in India to help that sector rebuild.

Read more >>

03/21/2011 by

Lydia Namubiru is a Partnership Analyst working with Grameen Foundation's Community Knowledge Worker program in Uganda.

Charles Mukonyi

Charles Mukonyi

For a long time, Charles Mukonyi of Gamatui parish in Kapchorwa had a problem with his chickens – the hens died off soon after hatching new ones. Three months ago, he was visited by his neighbor Tabitha Salimo, a Community Knowledge Worker (CKW) who told him that she had a phone that has huge amounts of agricultural knowledge to answer many of the problems farmers face. Naturally, the first thing Charles asked about was the hen problem. Tabitha checked her phone and informed Charles that his hens were likely to be catching diseases from their predecessors by sitting on the same hay when incubating eggs. She advised him change the hay for every newly incubating hen. He saw the wisdom of that and adopted the practice. He has not lost a hen since!

03/03/2011 by

Preeti Wali is Communications Officer for Grameen Foundation's Social Performance Management Center

 

The Microfinance Information Exchange (MIX) has acted as a real champion for social performance in past years as a data warehouse for microfinance institutions. They have helped lead the industry effort to create a set of social indicators through theSocial Performance Task Force and have just recently revised the list.

03/01/2011 by

Lori Ospina is Regional Program Officer for Grameen Foundation’s Latin America and Caribbean region.

When I began working at Grameen Foundation in August 2009, I was new to microfinance and was excited about becoming an expert in loan administration, portfolio management, social performance, livelihood developments — themes that had always grabbed my attention. One can imagine my surprise when after six months on the job, I realized I was quickly becoming an expert in Colombian labor law, tax liabilities and government requirements instead!

[caption id="attachment_1505" align="aligncenter" width="300" caption="Lori Ospina, consultant Milton Cadavid Jaramillo and IT manager Vlad Petrov in our new Colombia office just after it opened."][/caption]

With the support of generous donors, Grameen Foundation began working in Latin America and the Caribbean (LAC) in 1999, but until recently had conducted all of its LAC-related activities from its headquarters in Washington, D.C. In 2009, the organization decided to decentralize and move closer to the areas where we operate, so we could support poverty-focused organizations and serve the poor more effectively and efficiently.  Alberto Solano, Regional CEO for LAC, was in charge of opening the office, which would be in Colombia. He already had a full plate as the Regional CEO, so I was tasked with moving things forward. What a learning curve!

Today, Grameen Foundation is a fully registered international organization with an office in Medellín. Opening the office was an interesting journey. We navigated various Colombian agencies, including the Ministerio de Interior (Minister of Interior), the Camara de Comercio (Chamber of Commerce), and Dirrecion de Impuestos y Aduanas Nacioniales (Tax Authorities). Fortunately, we had tremendous volunteer support. The law firm of Brigard & Urrutia generously took us under its wings, educating and guiding us along the process. The attorneys there spent hours on end talking us through the processes we would need to go through, explaining immigration law and tax law and employment law over and over and over, in case we didn’t understand it the first time  ... which happened often!

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