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

05/05/2011 by

A guest post from Sam Daley-Harris, Founder of the Microcredit Summit Campaign, which seeks to reach 175 million poorest families with micro-loans, and of RESULTS, which seeks to create the political will to end poverty.

The deed is done.  On May 5th, the appellate division of the Bangladesh Supreme Court agreed that the Bangladesh Bank, the nation’s central bank, was justified in firing Nobel Peace Prize Laureate Muhammad Yunus from his post as Managing Director of Grameen Bank, the institution he founded more than three decades ago.  Prof. Yunus’s lead lawyer, Dr. Kamal Hossain, one of Bangladesh’s most distinguished attorneys and a drafter of the nation’s constitution, was scarcely able to hide his disgust at the Appellate Division order, when he said, “I [apparently] have to take admission to university again to newly learn the constitutional laws of the 21st century.”

05/04/2011 by

Lynda Barton is spending six months volunteering with MOTECH Ghana through Grameen Foundation’s global volunteer corps, Bankers without Borders.  This is Part I of a two-part series. 

It’s amazing to realize that you can completely change your life in fewer than 30 days when you have the passion and motivation to do so.  We often set our own limitations and roadblocks, but I think we can achieve anything we set our mind to.  We might just need some patience and flexibility along the way, but once you take that first brave step, a whole new world opens up to you.  Perhaps like many other volunteers, I found the first step difficult, but I have not looked back since.

05/02/2011 by

Shannon Maynard is the Director of Bankers without Borders, Grameen Foundation's skills-based volunteer program.

Today, Bankers without Borders (BwB) has joined with the Association for Enterprise Opportunity (AEO) to announce a new collaboration to support microfinance and microenterprise development organizations in the United States.  This alliance will enable more than 400 organizations to benefit from the skills and experience of our more than 6,300 highly skilled active and retired business professionals in BwB’s global volunteer reserve corps.

04/29/2011 by Alex Counts

Alex Counts is president, CEO and founder of Grameen Foundation, and author of several books, including Small Loans, Big Dreams: How Nobel Prize Winner Muhammad Yunus and Microfinance are Changing the World. The ongoing saga of the confrontation between the Bangladesh government and its allies in the local media on the one hand, and Professor Yunus, the Grameen Bank and its 8.3 million borrower-owners on the other, has taken some surprising turns in the last 10 days.  On April 20, representatives of Grameen Bank’s employee association held a well-attended press conference, covered by The Daily Star and other print and electronic media, where they presented the signatures of 20,103 colleagues who urged the government to either allow Prof.

04/26/2011 by

Smita Satiani is a guest blogger who attended Grameen Foundation’s Spring 2011 Gala on April 5, 2011. She currently works for the Clinton Foundation’s Economic Opportunity Initiative in Harlem, New York.

Grameen Foundation’s Spring 2011 Gala was held at 583 Park Avenue in New York City, and I was grateful to have the experience of attending such an inspirational and eye-opening event. The evening kicked off with a moving video message from Nobel Peace Laureate and Grameen Bank founder Muhammad Yunus, who electrified the room and opened the door to a night of ideas, knowledge sharing, and stories of success from around the globe.

After being treated to live entertainment from Ballet D’Afrique Djoniba, guests enjoyed messages from Paul Maritz, CEO of VMware and Chairman of Grameen Foundation’s Board of Directors, and Grameen Foundation President and CEO Alex Counts, both of whom illustrated their strong passion for microfinance and providing opportunities for individuals to escape poverty across the world. The Foundation also honored shoe designer Christian Louboutin for his “Peace of Shoe,” a limited-edition creation designed to benefit microfinance. (Grameen Foundation is a charity of choice for Christian Louboutin and received substantial funding through this promotion.) And Margaret Sirovatka, Vice President for J.P. Morgan’s Global Trade Advisory, gave a riveting personal account about her experiences as a volunteer in Tunisia for Grameen Foundation’s Bankers without Borders® program.

[caption id="attachment_1616" align="aligncenter" width="300" caption="Paul Maritz, CEO of VMware and Chairman of Grameen Foundation's Board of Directors, talked to guests about the power of the "double bottom line" for microfinance institutions, and how Grameen Foundation's Progress out of Poverty Index enables them to measure how well they are meeting their social goals"][/caption]

The final remarks of the evening were from Dolores Torres, President and CEO of CARD Bank, located in the Philippines. Initially formed as a replica of Grameen Bank, CARD is now the largest microfinance institution in the country. I have long believed in the work of the Grameen Foundation, but there is truly no better proof of the power of microfinance than to hear a woman like Ms. Torres speak about her successes in providing access to capital to millions of women and families in the Philippines alone.

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