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

01/13/2010 by

By Kate Griffin, Director, Grameen Foundation's Solutions for the Poorest 

There is a common misconception that poor people, especially the very poorest,  can’t save – that they simply don’t have enough money to do so.  Yet, every day, these people are proving us wrong.  They are putting tiny amounts of additional income away – hiding it in their homes, giving it to a neighbor to safekeep, taking part in informal savings clubs that pay out in an established intervals, or buying livestock or jewelry.  

[caption id="attachment_345" align="alignleft" width="150" caption="All women should have access to microfinance services, like these Fonkoze clients in Haiti."]Women at center meeting[/caption]

They know that in order to meet daily needs, or in order to withstand an illness, pay for school fees, and have enough money to buy fertilize for their crops, they will need these sums of money set aside. But these forms are often unreliable – theft can occur, or the neighbor can walk away with your money.  When you need it most, the price of livestock may also be at its lowest.  In order for these poor households to get the most out of their ability to save, they need safe, secure places to save that are conveniently located near their homes.  

12/23/2009 by

Alex Counts is President and CEO of Grameen Foundation, and the author of “Small Loans, Big Dreams: How Nobel Prize Winner Muhammad Yunus and Microfinance are Changing the World” (John Wiley & Sons, 2008). Below is Part Two of this journey to assess the state of microfinance with Grameen Foundation partners worldwide.

[caption id="attachment_331" align="alignleft" width="112" caption="Alex Counts"]Alex Counts[/caption]

Today’s interview on CSPAN’s “Washington Journal” program was personally enjoyable, and it was also great exposure for Grameen Foundation and our self-help strategy for combating world poverty.  I always chuckle when people put makeup on me in advance of appearing on television.  This time, Steve Scully (the host) touched up my makeup about 15 seconds before we were on the air – apparently his staff had missed something when powdering me up minutes earlier!

12/21/2009 by

My last day in the country was the beginning of the Bangladeshi weekend – Friday.  That meant somewhat less traffic, a blessing to be sure.  I spent three hours, starting at 10am, with my former research assistant, Abdul Mannan Talukdar.  He is the first Area Manager in the history of Grameen who started as a loan officer (a position now called “center manager”).  He is immensely proud of that, as he should be.  An area manager oversees 8-10 branches, each of which are staffed by about seven staff (almost always including a university-educated branch manager) and serves several thousand clients.  He told me about his journey, culminating in that historic promotion, dating from when I last saw him, in 2006.

12/21/2009 by

I arrived at the Grameen Complex at 10:30am on Thursday, after having visited my old dentist (who does quality work for a fraction of the price charged back home).  Before I began my first meeting, I noticed the almost frenetic activity around me in each office I entered.  My good friend Mir Akhtar Hossain, who heads Dr. Yunus’ person staff, was so busy he could barely catch up with me – much less indulge in our traditional lunch of chicken biryani down the road in Mirpur One.  Even after thirty-three years in existence, complacency has hardly taken root in the Grameen family of companies.

12/21/2009 by

I awoke on Wednesday in what we in the U.S. would consider a large tin shed.  As the manager had warned, mice had run amok in the rafters at times during the night.  Fortunately, I was able to tune it out after a while.  Soon I was off to the Zianpur bazaar to say my goodbyes to the local Grameen staff, the teachers at the high school whom I had always been close to, and others in the community.  I felt quite emotional by the time I jumped on the back of a motorcycle and headed to Aricha, where I would get a public bus to Dhaka.

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