July 4 adds to dramatic celebrations of CFD's Future History with these launches announced at Glasgow University include
JSA1 Journal of Social Business;
JSA2
Glasgow University Yunus Institute of Social Business;
JSA3 Norman Macrae Foundation - special commemoration party
The Economist 2 Nov 2010- 60 people to debate dad's 2 favorite issues since beginning of his Entrepreneurial Revolution
trilogy The Economist 25 Dec 1976: war between micro and macro intellects being s and ends with whether the purpose of medi
and economics is grounded in social action; what we choose to do to -and help youth invest in - to end poverty with worldwide
technology in the 2010s will determine sustainability of all our childrens children
JSA4 special thanks to international
collaborators- eg how can Scots action clubs of yunus renew our auld alliance to celebrate French Yunus social action and
social business networks including including Danone Communities, Grameen Credit AgricoleMicious? Which other countries can microeconomic innovation centres can we help each other - Germany's Grameen Creative Lab?
England's London Creative Labs,worldwide's The-Hub with 6000 entrepreneurs co-located in 50 future capitals, USA's AltFutures, Itly's SocialBusinessEarth, Cure2Child
JSA5
click to more change world progress made over 4 days of yunus collaboration dialouges between Scots and Bangladeshi including inaugural social business lecture
; changing law around Europe so that every young person can belong to banks that invest in their communal productivity -
your reports on how scotland can celebrate 2010s as most exciting decade always welcome chris macrae info @worldcitizen.tv
Can Gordon Brown & Yunus help each other and youth make 2010s most exciting decade?
1 Gordon's first act
as UK PM was to speak at UN on People Power; Sunday July 4 Independent front headline : women on the world unite; UN makes
history with $500 million drive to end global inequality at last; Banki Moon recruits super panel including Nobel Laureate
Yunus. Back in April 2008 on the day UK banking died Brown invites Yunus to youtube from Number 10; Browns office promotes
millennium goal youtubes; Browns signture piece on ending poverty in previous Blir government frican Commission got drowned
by 7/7 whose victims included London's mosr extrordinry community organiser. In Fall 2005, 40 Londoners hubbed to collaborate
on 7 year sustainbility goals to 2012 - how can we help Yunus, Browm, Socitland nd Bnglaadesh to unite ntions round ending
poverty now
WHO'S OPINION LEADERSHIP
WHO
I'm an optimist and a maths guy but since 1976 , my father,daughter, friends and I have been debating anyone who will listen that homo sapiens has entered our last
century or two - unless we correct the overwhelming trivia of media. We surround our race with hundreds of championships which make sportsmen or sexy women world
famous overnightbut virtually no ways to globally celebrate people whose lives
discover solutions that save the world - by ending poverty or open sourcing
innovations to other sustainability crises whose urgency increases exponentially as we connect the
first global generation. Grameen and Dr Yunus have
earned over 100 leadership prizes including Nobel's peace and India's Gandhi
-
futures of women, youth & poor depend on how many netizens linkin to such knowhow
AA First half- Scotland and France ally to prevent lands being taken over by England; AA second half
around 1700, international banking scam causes hostile takeover of scotland’s economy by england; scots (adam smith
free market system maps from 1750, james wilson from 1843) ally with Parisian entrepreneurial school (formally established
around 1800) to help resolve crises compounded by English Empire’s takeover of various nations’ economies; AA
overtime 3ed millennium goals, third ally searched out nd mobilised by microentrepreneurial youth in paris and glasgow
so english speaking macroceonomics big bangs coordinated out of wall street are turned round by Micro Bangla in time for microeconomics
sustainability exponentials to empower networking generations to end poverty and progress way above zero-sum games to peter
drucker’s 50 times more productive age of 7 billion knowhow networking peoples sans frontieres
THE
FIRST QUESTION WE CELEBRATE AROUND THIS WEB People who network round this web celebrate answers to this
question which you can post to http://www.yahoogroups.com/group/yunusbook or email to chris.macrae @yahoo.co.uk I may be biassed in wanting to advance the human lot for my children
-and all children - BUT anyway I love studying and networking with people who study Grameen and Bangladesh's
social business system designers and sustainable community builders because ...
example chris macrae current editor of grameen.tv:
I
may be biassed as my dad spent 40 years at The Economist questioning entrepreneurial revolutionaries and championing why micro professionals need to collaborate and prevent macro professions from losing hippocratic oaths BUT
anyway I love field visits to Grameen to see what happens when 10 times more economic exchanges are compounded at
community levels; and because Dr Yunus renews my mathematical optimism that the 2010s generation can collaboratively map networks
that take us above zero sum models and so ensure that every child has enough health and resources to make the most
of their own life. Back in 1984 I co-authored why the globlaisation we choose can only compound 2 opposite futures for all
our children - one in which all the new techology is controlled by ever fewer people with consequences far worse than
even Orwell could imagine, or the win-win-win one where the 21st century develops the best of times out of every place and
celebrates every culture's love of families and most humanly innovative dynamics grounded by such purposeful lifetimes.
Let's do it http://worldcitizen.tv/ - as the last chapter of Dr Yunus new book Building Social Business invites through global village races to sustainability: The Time Is Now
L...
Latest Update Dr Yunus
debrief 4 July 2010; sin e 2005 when Dr Yunus first formed global SB partnerships including four from first lunch in Paris on this topic the traditional grameen bank in bangladesh has stayed the
same but the extensions into new areas of social business hve been multiplying - we welcome any editing suggestions
to this rough map of what grameen's organigram now encompsses
Financial services –1st
generation
Fin services- end generation ie youth of original members
Infotech includes mayo; Intel; GE;& Kyushu mobile cpture gadget
Manufacturing Zone
Grameen SB Industrial Park#1: 13 acres of land
1.0 Otto Grameen" initial investment 2.5 million euro: product garments : workforce to include
disabled
2.0 Grameen Fabrics & Fashions: export knitwear
3.0 Graneen BASF mosquito net
4.0 Grameen Fibreglass
5.0 Grameen Energy saving bulb
to be marketed by Grameen Distribution Ltd
Grameen Uniqlo
Beyond aid parrners: nike foundation: UN; japanese aid foundation haiti sb fund...
Small country sb zones: Columbia ...
Other
1 paris grameen danone is pioneers micro manufacturing
(milk foods) franchise in the village; with credit agricole a restructuring of social business fund and youth microentrepreneurship
networking danonecommunities.com across france whose international SB investments are mainly in water, dairy or other
farm social business; we dont know what the 20 company visit led by martin hirsch has resulted in though there may be an eyeglass
company partner esilor? ; there is HEC Yunus uni partner as a centre for smba cases
2 we heard that digital lead is now being taken by partnership
between kyushu and grameen communications led by a bangladeshi Dr Ashir Ahmed : alongside this grameen phone has installed
500 community information centres which gives rural people (but not necessarily poorest) access to state of art infotech services;
it is grameen phone that is working with mayo clinic; not sure who is working with intel
3 there is manufacturing zone which long with grameen garment will be where
grameen otto the huge idea of grameen fibereclass partnership with an middle east manufacturer and 1 other grameen partnership
in manufacturing (japanese special winter clothes)
4 grameen nurse institute temporarily takes up 2 floors of grameen nurse; full free medical university is expected
to be built; there are already the 2 eyecare franchises;
5 glasgow also offer european lead in implementing grameen microcredit changes in laws, and
glasgow uni has signed MOU to review all its modules for which need re-editing by SB model
6 grameen employment agency offers vocational job training camp
7 grameen shakti continues
8 other universities; the new head at AIT was formerly founder
of BRAC university; CSUCI announced
major web update and sharing
of content progress in aboutmonth
.Members of Institutes of Social Business help each other study and sustain the most purposeful
organisations in the world. They do so by systemising designs that integrate the 10-win organisational system that action
learns around hi-trust questions like these. We are always excited to hear of better -and more contextually energising - ways
to word these questions; and to hear of other organisational models that sustain the world's most truly purposeful systems.
The way Social Business modeling sustains the most purposeful systems designed by humanity
is made very simple by these constitutional rules: ownership is trusted to those in most deperate need of the branded purpose ; in parallel leadership commits to make a positive cashflow 10-win model transparent, audits its exponential
future rising, and ensures than all profit is reinvested in Unique Organising Purpose.
..
you can ask questions at skype isabellawm or olasofia - or mail our world citizen mapmaking bureau in washington dc info @worldcitizen.tv
Best News
of 09/10.-our correspondents try to be at the source so we can rebrief lasting news, Q&A, networks & actions-eg
june09 yunus 69th birthday dialogue 1; official opening of Grameen Veolia -world's lowest cost drinking water
may09 british council's lord kinnock celebrates
yunus -one of the star educators of the network age
april09 world congress posters hunt for extremely
affordable health
feb09 london - royal geo soc and ashden awards celebrate grameen solar energy's world ekladesrhisp
feb09 - Dr Yunus comes to DC and dialogues with
Bernanke, IMF & GWU students
Jan09- MCS announces bankings best news of decade with 500 audience
at JP Morgan Chase NY listening to Kenya's fastest growing bank from the slums
youth ambassador 5000 starts september in unis worldwide- prep can you help edit a shared presentation on womens microcredit?
Grameen
is one of the most entrepreneurial and innovative organizations for humanity that I have come across in 33 years of working
on world class brands in 40 countries. In the three years that my journalist father Norman Macrae (40 years leaders writer
for The Economist), and I, and in some cases decades that my friends 1 2 3 4 have researched Grameen, we
have been introduced to most of Grameen’s leading entrepreneurs. If you read about an endeavour that you seriously need
to know more about tell me chris.macrae@yahoo.co.ukand we will try and make the appropriate introduction inside grameen
The first thing I recommend you understand is: why it is impossible to quickly compare Grameen success factors with
metrics of any classical market sector. Grameen is the ultimate bank for the poorest and cheerleader of the connecting the
human race in ending poverty But my brand maps reveal its leadership purpose as designed about 20% round banking and 80% as
a sustainability investment club owned by its clients Bangladesh’s and the world’s poorest. Soon after opening
Grameen started investing in sustainable businesses (whose mathematical model called “social business” is published
in the 2008 book by Nobel Laureate Dr Muhammad Yunus on their role in youth’s choice of Future Capitalism) as well as
banking for the poorest. A low cost start up literally distributed vegetable seeds in one cent packets so that members could
grow veggies and so cure the night blindness that most village kids of the 1980s suffered from due to poor diets. Seeds may
have been the most micro product ever sold, but pretty soon Grameen as Bangladeshi’s largest seeds retailer. A business
that needed somewhat more investment was housebuilding – actually a hut with a monsoon proof roof, 4 pillars so that
even in a cyclone the building did not collapse and a pit latrine for hygenic reasons. This was the most primitive –but
also the most economical - housing ever to get an Aga Khan award for architecture. Today, over three quarter of a million
sub sub prime housing loans have been offered and fully repaid.
In 1996, investments in sustainability markets started getting serious
with whole planet consequences in the sense that some have become world class leaders. Firstly, there is Grameen’s microcredit
which worldwide summits since 1997 have benchmarked as the safest communal banking system that can be systemically designed.
Investing in new business took Grameen into mobile connectivity- thus http://www.grameensolutions.com/is now a world leader in business uses of mobiles whilst always driven by understanding how to end digital
divides. NB one of the greatest poverty traps of all is not to have market sensitive information that everyone else has. Grameen
Shakti is a world leader in solar energy. Grameen is pioneering what a rural national health care system can be partnered
round in a networked age. Grameen employment agencies are sprouting up now that generation of members children are becoming
a wave of the most entrepreneurial and microeconomic savvy alumni on the planet. What will be the next magic that Grameen’s
enrepreneurs co-create? Watch this space...
SURVEY
OF LIFE CRITICAL NEEDS & COMMUNITY SOLUTIONS - world reunions - Dhaka 29June- coming soon BERLIN NOV, NAIROBI Mar2010 -queries welcomed - Yes We Can bureau, Washington DC 301 881 1655- Where are 10 times more economic community models compounding sustainable futures?
.Can you help? Our survey has 2 components:
1)making
a listing of the most life-critical or community-sustaining challenges
2)searching for benchmark solutions
found in one locality that can be sustainably replicated to other communities
.One of the bottom-up approaches we value emerged from mapping entrepreneurial revolutions of 10-times more economic models that emerged from quests of microeconomists and transparency journalism during
world war 2 out of a place that is now known as Bangladesh. These
constructs also drew on work by people like Gandhi and Einstein on how to end sustainability crises causes by professional
rules that were systemised in days when a few big cities colonially ruled the waves. So we particularly wish to celebrate
any yes we can approaches that a networked world of peoples can urgently help each other enjoy.
Celebrating Micro: Youth Networks -fallible globalisation over recent decades has spun wrong metrics and rewards
(evidence wall street meltdown of global financial markets), media where truth and helping people be smart is inconvenient- yes
we can change what we celebrate now -YunusYouth ; TheMicrosERworld.tv
Inquiries & goodwill multplying ideas for collaboration networking welcome -info@worldcitizen.tv, washington DC bureau usa 301 881 1655
Almost all social economics problems of the world will be addressed through the social business system , Muhammad
Yunus, Nobel Peace Prize, 2006 Acceptance Speech
The challenge is to innovate business models in such vital contexts
as health care for the poor, financial services for the poor, information technology for the poor, education and training
for the poor, marketing for the poor, renewable energy for the poor..
Autumn 008 Londoners celebrate launch of Yunusdvd10000
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Welcome to the new grameen.tv . We explore the 3-in-1 mission of alumni of worldwide
collaboration entrepreneur, microeconomist and Nobel Peace Laureate Muhammad Yunus : to map social action, social
business and future capitalism: offering the simplest ways that every microentrepreneur -from the very poorest up - can
connect with. This mission was launched 2008 in a fieldbook open sourcing all the models that Grameen has developed over 31
years as the deepest gravity for ending poverty. Microentrepreneur network leaders (1 2 3) believe in collaboration around life-critical info and act on the value there is entrepreneur in all of us- fulfilment begins with
finding the way you can serve others in your community while generating enough income to sustain your family and unite the
community around its sustainability investment challenges as well as worldwide networking freedoms. This leads to opposite exponentials for the future than banks designed around the big get bigger whatever the cost to most human beings.
Most
of our old web pages are at http://yunusuni.com -we are a friends website - official webs are
. grameen.com (the world's safest banking models and ones designed to end poverty by investing in productivity inside every child, woman
and man),
grameenfoundation.org ( fundraising space for some countries that specifically need grameen microcredit -founded by some of the first US journalists for humanity to discover Dr Yunus)
., microcreditsummit.org (the world's most productivie and inspiring human network process).
Authorised bio and
participation events web sites edited by Bangladeshi's include muhammadyunus.org and yunusforum.net (the latter I volunteer work to)
The story so far. I am just a mathematician but here are some
whole truths about human systems and how they multiply goodwill or badwill as far as i am able to map - if you have different
information to share you can phone me in washington dc 301 881 1655 or mail me map@smbaworld.com
25 years ago - during his 4th decade as economics editor at The Economist, dad forecasts that the global generation 1984-2024 would face more change than any other- systematically by 2024 the compound
consequences for humanity would be very evil (like orwell's big brother) or the best of times for all future children. To
be on the goodwill pathway, we would need to end poverty.
about 10 year ago - the millennium goals were a good path
but working in big management sonsultancies through the 90s I was appaleed at a maths error that was systematically devaluing
trust, rewarding those who imaged over reality including lconflict-makers and short-term speculators -the so called Unseen
Wealth Intangibles ctisis as it was then called, the Inconveneient Truth crisis as some sustainability mapmakers now call
it
about 2.5 yeas ago - summer 2006- I did some research which provided evidence that the only epicentre of world
change with maths that understood what expoentials into the future were being spun was in Bangladesh - among 100000 practitioners
of microcredit and other micro-services that sustain community-rising
At the epicentre of that I found - Dhaka, Mirpurs,
Grameen , Dr Yunus and the four whose social action teamwork starting in 1976 had systemised the safest banks and the best
collaboration pathways to all out futures of celebrating humanity -so that all 7 million people can lead productve
lives to their hearts content
We turn to a list of live collaboration projects that I have been introduced to in
Bangladesh and specifically with the investment of Grameen Banks and YunusPartners of his 30+ year validated social business entrepreneur model and its future capitalism networking measurably systemised around creating a world without poverty
I
love to hear of collaboration projects that I dont' know of which are in the same family whether they have been influenced
by Grameen or have simply mapped win-win-wins all round the purposeful organisational coordinates which generate
hi-trust human productivities and demands
Since
1976 I have surveyed brand purposefulness of organisational systems. Grameen is the most purposeful organisation I have ever surveyed
.
.
Examples of least purposeful organisations I have ever surveyed:
Andersen
(1998) - an acromonious internal split left accountants without the rich information technology consultany (now accenture) the
firm had built ; in striving to put global accountancy on such hi-growth paths they gave up on society's licence
to be true and fair
Enron 1993-2001 - 8 years that compounded a small company into one of the
world's 50 biggest economic powers and back to nothing
Wall Street Investment banks since subprime
(corresponding leverage ratiings rising from12:1 to 40:1); what you get when a nation superpowers unseen wealth's compound
risks
Non-purposeful organsiations multiply blindwill or badwill. They are measured so that one
coordinate takes from all others every quarter. This spreads cancerous conflicts between all others. This dilutes any purpose
the organsiation may have originally been founded to serve
This is due to the biggest mathematical
error ever governed. When the accountants raced to go global fro te late 1980s, they imosed a monoply of measuremnt that devalued
trust-flow and transparency. By 200, this was published in Unseen wealth Reports that forecast expoential compounding of risks
- more and more bubbles - until or unless goodwill's 2nd auit (oopsoite way round maths from how much did ine side take from
all the others) was included in the way that corpoaret perfmance was governed and reported
Grameen has
the world's most inspiring purpose: end poverty; its social business model has compounded investment in that over 34
years. Every coordinate of productivity and demand it has invited into its goodwill and value multplying circle it has been
deetermined to ensure entrepreneurial win-win-wins with
.
There are 2 ways to discover why the world needs more systems like Grameen. The
right hand-side relies on mathematics that I am happy to offer to people who seriously want to know. However, this web focuses
on Dr Yunus' approach in his book "creating a world without poverty - Social Business, Future of Capitalism".
This is to say to youth and communities - why not try mappimg organsastions around a deep purpose if one energises
you; join in peer to mpeer citizen and youth networks that action learn how to do this sustainably. The beauty of the
microenetrepreneur model is you start small, test expecting fast but low cost failures, keep persevering, once you have configured
a win-win-win model invite open replication.
This fieldbook completes an entrepreneurial research trilogy begun in 1984 with
what Americans called The 2025 Report.
Readers are invited to play a mapping game. This
values a hi-trust governance system which we call goodwill multiplication. Back in 2000 it was concluded by an eminent
survey “Unseen Wealth” of financiers, economists and lawyers that: • Intangibles (ie how freely trust flows
purposefully in service and knowledge economies) are a missing measurement system which humanity needs the 21st century’s
largest organisations –and free markets - to agree to be seen to make transparent • Until or unless people who
make decision for the world’s largest organisations map with this missing system , they will compound untold risks Early
fatalities of unseen wealth were Enron and the Big 5 accountant Andersen, and soft power advocates may argue the goals of
what acheiving peace in Iraq was thought to involve when a white house rushed into war. Today’s crash of wall street’s
investment banks and worldwide credit systems is caused by the same missing system –macro leaders who simply do not
have relevantly detailed information to see what compound whole truths or conflicts they are committing exponentially into
the future. The bad news is we are not going to design systems that prevent global crashes until we understand the missing
maps of goodwill multiplication. The good news is that almost every “sustainability crisis “ the world is facing
from extreme poverty to climate crises drowning in carbon energy to burdening costs of healthcare to education that empowers
7 billion brilliant jobs worthy of human lifetimes becomes simpler one people understand what hi-trust human relationship
system need to monitor every quarter. Due to some accidental beliefs of professional monopolies around 1984 when the invention
of the spreadsheet started networking the globalization of business, one metric- how much can one side take every quarter
from all other coordinates of productivity and demand became superpowerful. For a generation of spreadseeting professionals
it became the driver of big organizations and global markets over the last quarter century. Step back for a few seconds logical
reflection. Is it not obvious that monopoly of decision-making by : “How much you take from the rest of the world every
quarter” is literally the least sustainable measure of success human beings could choose to design your and my lifetimes
around? Truth’s sustainability (Gandhian satyagraha) is governed not by what has just been done but by understanding
what future exponential up or down is compounding. Because sustainability integrates the quality of human relationships around
purpose, it is what mathematicians call a bayesian measure –one that has information pertinent to forecasting what futures
will systematically happen unless changes are made. Goodwill or badwill is measurable into the future because the quality
of most of the trust relationships connecting purposeful gravity has already been made. So leadership can be informed by exponentially
measuring ahead of time where a system is spinning – sustainably up or crashing down. There is one more critical and
vital pattern rule to know about if you want every co-worker to be emotionally and socially intelligent at goodwill multiplication.
The trajectory which any human organizational system or value exchanging marketplace is connecting with the future is not
straight line. Future historians including my father’s work at The Economist as far back as the 1960s understand that
both the surprising and future shocking characteristics of exponential curves is they look straight live until they tip. Once
they tip growth or destruction happens very fast – and intervention of a crashing system so becomes impossible or more
costly than letting it crash. Debating future scenarios openly and curiously from every diverse angle is the best prevention
against future shock – and we could use the internet to do this if we agreed that for example the purposes of the millennial
goals are the ones that this generation – the one that designs being more worldwide connected than separated –
wants to be its investment in future generations. Whilst this book is based on every bit as detailed maths as tangible accounting,
here is a diference that microeconomists and pursposeful entrepreneurs stand up for. Namely action learning around purposeful
goodwill multiplication in this post industrial age of value differentiation – demands that everyone involved with a
system has transparent access to questioning what information is changing in the environment as well as inside the organizations’
flows of human relationships. This book will fail if it is understood by one or two professions but not by every human being
who sincerely tries to elad a productive life and inspiring peer to peer learning curve. So, our promise to the reader is
that you need no more maths than • understanding the difference between multiplication and addition; • using any
truly designed and deeply updated map. The compound destruction of the globalisation finance came about through very western
logics over the last quarter century – macro logics of top-down power, where theories increasingly got sponsored only
when their conclusion was the big gets bigger is the best that globalisation can get. Fortunately there is a region of the
world that has been experimenting with a micro approach to governance for 25 years –the sort of Gandhian flows that
Einstein among others refereed as being pivotal to sustainable world futures and goodwilled leadership. It already maps goodwill
multiplication with the missing system. So the order of play of this book is: To look at cases of the epicentre of goodwill
multiplication – Bangladesh and Grameen bank Emerge the model that connects win-win-wins of every agent of productivity
and demand connected around vital purpose Compare this with some daring purposeful organisations in India and in the west
such as whole foods and Interface and at the South’s Free University. In part 2 we will track back on how the official
orthodoxy of the last 25 years remains so powerful. However simply we map goodwill multiplication, there is no guarantee that
the world’s media and 20th century professions will decide to use goodwill mapping. We try to rehearse the whole range
of defensive arguments that those who prefer to rule only by how much did one side take instead of governing by 2 systems
will make We conclude with 10 questions on what’s at stake for the 21st Century.
Board, Management & Staff
Grameen America has assembled a top management team, including Professor Muhammad Yunus himself, to lead the organization’s
efforts to help break the cycle of poverty through microfinance in disadvantaged U.S. communities. Professor Muhammad Yunus
Member of the Board of Directors of Grameen America, Inc. Professor Yunus is famous worldwide for his successful application
of the concept of microcredit, the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans.
Professor Yunus founded the Grameen Bank. In 2006, he and the bank were jointly awarded the Nobel Peace Prize, “for
their efforts to create economic and social development from below.” Professor Yunus himself has received several other
international honors, including the ITU World Information Society Award, Ramon Magsaysay Award and the World Food Prize and
the Sydney Peace Prize. Professor Yunus holds a Ph.D in Economics from Vanderbilt University and M.A. and B.A. from Dhaka
University in Bangladesh. He is the author of Banker to the Poor and Creating a World Without Poverty. Professor H.I. Latifee
Member of the Board of Directors of Grameen America, Inc. Professor Latifee is an economist and Managing Director of Grameen
Trust, the international outreach affiliate of Grameen Bank. Professor Latifee has been with the Grameen organization since
its founding by Professor Yunus in 1973. Before joining Grameen Trust in 1994, Latifee was a Professor of Economics at the
University of Chittagong in Bangladesh. As a result of his experience with Grameen Bank, Grameen Trust and Grameen partners
worldwide, Professor Latifee is a highly regarded microfinance expert. He holds a B.A. and M.A. from Dhaka University in Bangladesh
as well as a M.A. from Boston University. He is a winner of Business Week's Stars of Asia Award, 2001, for his leadership
in the field of microcredit and poverty alleviation. Vidar Jorgensen President of Grameen America, Inc. Member of the Board
of Directors of Grameen America, Inc. Mr. Jorgensen is the principal proponent and organizer of Grameen America. In addition
to Grameen America, Mr. Jorgensen is a supporter of Grameen projects worldwide. He is the majority owner of six industry based
conference and research companies, which in turn own and manage over 300 conferences and several membership-based research
groups focused on biotechnology, pharmaceuticals, health care, insurance, financial services, entertainment, and infrastructure
development. Mr. Jorgensen’s companies include WRG Research, Inc., Cambridge Healthtech Institute, Cambridge Healthtech
Associates and The World Health Care Congress, which was launched in conjunction with The Wall Street Journal and CNBC. Mr.
Jorgensen holds a B.A (Honors) in Political Science from Harvard University. Stephen A. Vogel Chief Executive Officer In addition
to his current role with Grameen America, Mr. Vogel is a general partner in Vogel Partners, LLP, a private equity investment
fund which invests in venture capital and buyout funds. Prior to founding Vogel Partners, Mr. Vogel acted as a Venture Partner
with Entrench Capital Partners, an energy and telecom venture capital firm. Prior thereto, Mr. Vogel served as President and
Chief Executive Officer of Synergy Gas Corp., a retail propane distribution company which he co-founded to supply commercial
and industrial customers in New Jersey. During his tenure as President and CEO of Synergy (1971-1995), Mr. Vogel grew the
business from its first customer to a company with over 250,000 customers, 2,700 employees and more than $300 million in annual
revenue. Mr. Vogel successfully completed 50 individual acquisitions during this time and increased the company's distribution
base to 330 retail locations. After selling Synergy Gas Corp. to Northwestern Corp. in 1995, Mr. Vogel co-founded EntreCapital
Partners, a private equity firm focused on industrial and service companies facing operational or management challenges. Mr.
Vogel is currently a member of the Board of Trustees with Montefiore Medical Center and Children's Hospital and on the
Board of Directors with Lighthouse International. Mr. Vogel is a past Trustee with the Horace Mann School and a former Director
of National Propane Gas Association. He joined Grameen America after being inspired by Professor Yunus and his mission to
alleviate poverty not only in the developing world, but also in the United States. Shah Newaz Senior Vice President and General
Manager Mr. Newaz has over 25 years experience with Grameen as a manager with global experience in establishing Grameen businesses
in Bangladesh and the Dominican Republic. Mr. Newaz has moved his family from Bangladesh to Queens, New York and has a long-term
commitment to the success of Grameen America. Mr. Newaz started his career in August 1982 as a field manager in the Grameen
Bank Project and has since worked in various capacities within the Grameen network. Prior to joining Grameen America he was
Deputy General Manager & Head of the Training and Special Programs Department of the Grameen Bank. Mr. Newaz completed
his B.S. and M.S. at Chittagong University in Chittagong, Bangladesh. Leslie Kane Vice President of Strategy & Finance
Ms. Leslie Kane joins our team from Morgan Stanley, where she has worked in New York, Mumbai, and Hong Kong since 2001. Most
recently, Ms. Kane was Vice President and Operations Officer of Morgan Stanley's Real Estate Funds in Hong Kong, where
she helped manage a team of 100 employees across six countries in Asia. Prior to this, she worked in Morgan Stanley's
Investment Banking Division in New York and Mumbai, where she had responsibilities to role out the Firm's global strategy
with the bank's senior management team. Ms. Kane holds a BA in History from Yale University and speaks Portuguese, Japanese
and French. Paula Torres Carbonell Director of Marketing Ms. Paula Torres Carbonell has an extended background in corporate
and nonprofit marketing. During her tenure at Carrefour and Procter & Gamble in Argentina, she specialized in marketing
initiatives and in-store management for consumer goods products. Most recently, Ms. Carbonell was In-Store Marketing Manager
for the Beauty Portfolio. Together with her family, she pioneered the creation of Fundacion Ruta 40, a nonprofit organization
that contributes to the holistic development of underprivileged rural school districts. Ms. Torres Carbonell, who is fluent
in Spanish, French and English, holds a Bachelor's Degree in Business Administration from Universidad Torcuato Ditella
in Argentina and a Certificate in Fundraising from New York University. Isabel Maxwell Senior Advisor (West Coast) Ms. Maxwell
is a leader in technology, business, media, venture capital, philanthropy and social entrepreneurship. She was co-founder
of the pioneer Internet portal, The Magellan Online Guide, and served as President of Israel’s Commtouch Software (Nasdaq:
CTCH). She is a 2001 World Economic Forum Technology Pioneer and received the 2001 Einstein Award for Leadership in Technology.
Ms. Maxwell is the Chair of the Israel Venture Network (IVN) Leadership Initiative and a member of the Board of Governors
of the Peres Center For Peace. She promotes social entrepreneurship broadly and serves on a number of philanthropic boards.
Ms. Maxwell completed her M.A. (Oxon) at St. Hilda's College, in History & French and has a Diploma in Education from
Edinburgh University. Alethia Mendez Center Manager Ms. Mendez joined Grameen America as a Center Manager and plays a critical
role in the functioning of the organization’s microfinance activities in Queens. Under the guidance of senior banker,
Shah Newaz, she is responsible for recruiting, training, motivating and maintaining relationships with Grameen America’s
borrowers. She has previously worked in customer service for Sherpa’s Pet Trading Company. Ms. Mendez, who speaks fluent
English and Spanish, is expected to matriculate in May 2008 with a Bachelor of Arts degree in Psychology and French Languages
& Literature from Stony Brook University.
here is a google search of numbers of references to microcredit
by state - any surprising patterns? 136000 NY107000 DC065600 CA049900 TX047100 IL041900 MI033000 AZ031900 VA031500 OH030900 MA029400 IN029100 HI027900 FA027000 MD
.strated in queens new york with funding and resorce help from wholeplanetfoundation and Tides - as at january 09 :indications of funding for Grameen operations in such states as California, Nebraska, Arkansas, and North Carolina
Who qualifies for a loan?
Our
loans are for people with very low incomes, primarily women, who have great business ideas but have difficulty accessing credit
at reasonable rates. You don’t need:
current bank account
credit history
collateral
guarantors
You do need to:
Be in need
Create
or join a 5 member Group of like-minded individuals of the same economic status
Be a permanent resident
of the community
Live close to your Group members
Be the only member of your
household applying for membership in the same Group (close relatives such as mother, sister or in-law are not allowed)
How are the loans used?
All our
loans are used for income generating businesses. We provide loans for activities as varied as the imagination of our borrowers:
A new sewing machine for a tailoring business
Children’s
toys for a day care program
Silk fabric for a clothing business
Hair
and beauty products for a beauty salon
Supplies to make wallets and purses
What is Unique about Grameen America? Group Model To provide support and to help our borrowers succeed in making timely repayments, all Grameen borrowers join a
Group of 5 like-minded people. Their Center Manager meets them once a week at a time and place that is convenient for them.
This is where they share information, get financial training and learn about opportunities in their community. Members feel
a sense of solidarity with other Group members and comfort in the personal relationship they develop with the Grameen America
staff. Group Training To ensure every borrower fully understands the Grameen America program, newly-formed Groups learn about
the Grameen method of loan disbursement and savings from their Center Manager during a training course. Membership With membership focused on low-income women, borrowers can be sure that Grameen
America will always work to help those with greatest need. Loans
All borrowers begin with a Credit
Establishment Loan (also called Basic Loan) of up to $3,000. Through consistent repayment, borrowers
can develop a credit history and the opportunity to “graduate” from Grameen America to become eligible borrowers
at many other financial institutions. After successful repayment of their initial loans, borrowers may use the Basic Loan to borrow from Grameen America again and
again with higher loan amounts each time, so that the borrowers may meet all of their credit needs. Savings People struggling to make ends meet often don't have enough savings when there
is an emergency. Grameen America helps our clients build assets for the future. To make sure our clients have financial security
and stability, all borrowers open a Personal
Savings Account with $10 that they save during their initial five-day group training period. Each week,
clients grow their savings by depositing a small, fixed amount into their account as part of Grameen America's weekly
group meeting activities. Over time, borrowers build a strong savings cushion and are prepared to face life's ups and
downs.