Valuing millennials impacts - chartering ... if Bangladesh end poverty microfranchises never existed
10 year Report from 2015 Mooc of Yunus and Global Social Business Partners
Paris - most memorable from mooc videos week 1
what is intrapreneur and entrepreneur? when and how do they help sustainability millennials
move the world from impossible to possible
Note on MOOC faciliator - Benedict Faivre Tavignot-
previously main facilitator of yunus Global Social Business Lunhceon 2005 with HEC and Danone
from HEC her first job a microcredit (either in peru of chile)- one of her young clients died - her last words being
its OK I die knowing that your micrccredit networking won't waste another youth from now on
E& ! : Entrepreneur and Intrapreneur Chapter 1 videos discuss these words and leave us with the invitation to transform
impossible to possible. HIP HEC HOORAH!
1982now: Norman Macrae- My father here co-coined Intrapreneur in 1982 with Tarrytown's Gifford Pinchot.
After reading 1976now Bill Drayton says he was minded to coin the term social entrepreneur.
How do you find the cvs of the video presenters
Faivre-Tavignot, Frédéric Dalsace, Nathalie Lugagne, Stéphane Riot, Florian Hoos, Aymeric Marmorat, Lise
Penillard, Ucka-Ludovic Ilolo, Matthieu Dardaillon, Joséphine B
I ask because the first time I visited HEC I was lucky to listen to Benedict Faivre-Tavignot life story
after graduating from HEC jer first experience
was a microcredit (was it in peru or chile) where a young client died saying its ok I see that your microcredit networking
will never again waste a young life
graduating in the same year from HEC if I recall was Emanuel Faber
whose first job was at Mother Theresa's in Calcutta If I recall correctly
B&E pledged that if they were
ever in leadership positions in highly resourced organisations like HEC and Danone they would find way to bring these
experiences in the company of the poor to bot the top of French decision-making and massively through youth networks-
that 4-hemisphere entrepreneurial
opportunity came in 2005 wen they facitated the HEC luncheon and the idea of global social bsusiness partnering was born
with Franck Riboud of Danone, many of Francks CEO peers (eg Credit agricole, veolia ... poverty leader Martin HIrsch
- and advisers like pro-youth economics Stiglitz) and Muhammad Yunus.
reference Economist Intelligence Unit book on Chartering who would uniquely miss what if movements of entrepreneurial
revolution leaders had never existed
Grameen Impacts: Healthy womens banking circles from 1976, it took yunus leadership
team 7 years to redesign pre-digital value chain of banking for the poor around circles of 60 poorest village mothers -more.
(By 2010, 8 million female members of Grameen had bult over 100000 village hubs- womens value exchanges -circles of 60.)
Women4Empowerment Impacts - 2015 celebrates 20th year of post-digital impacts of mobilising partnerships around productivity of poorest village
mothers networks - Soros, Yunus, Chowdhury, MIT, Telenor ...
From 1972 Brac leads global social value chain
transfiormation starting with health and education networking around poorest village families before transforming banking
round value chains redesigned around livelihhod generating microfranchises
Pre-digital Bangladesh , Haiti and
Boston - build rural health networks from nothing starting with infant oral rehydration, then maternal health, then end tuberculolisis
- diseases where relentless local knowhow distribution is critical to successful outcomes
Infant nutrition solutions (vegetable gardens particluary carrots vitamin a to end night blindness) twinned
with every barefooot banking centre) as first imported innovation to value exchanges of village mothers circles
sees yunus celebrate 10th year of mobile partnberships learning curve declaring rest of his life would focus on designing
global and local social business partnerships with health networking his number 1 dream
Paulo Friere's transformation
of teaching mindsets designed in to BRAC's literacy education networks and then its adaptation of vilage montessoris as it builds 40000 primary village schools
for children of world's poorest families (where Bangladesh had begin as new nation in 1971. 2012's 40th year celebrations
of BRAC and 20th year celebrations of Open Society reaffirm value of open elaring networks in celebration of Sir Fazle Abed
and Paul Framer hosted out of Budapest by George Soros
In post digital era, Partnerships in Global funds
to end infectious diseases result in 2012 seeing :
World's number 1 teaching hospital for the poorest being built in
Haiti (an outcome of 33 years of grassroots health networking)
World Bank being led by a transformer of global social
health and impacts of valuing every millennial professions hi-trust in coonectivity and collaboration
From 1996, Yunus designs first 2 leapfrogging models- village phone ladies earn 10 times more health and wealth
with communications empowerment (hear me now video); green energy a billion model developed for off grid villagers
While not the same value chain model at all , Yunus inspires kiva - and all future families of crowdlending, puddles and crowdfunding? Out of san francisco, Kiva empowers student clubs in dozens of Uni.
eg WHO's overstandardisation of protocols took 7 years to remedy in 1990s cases of drug resistant tuberculosis locally empowered
networking in 1990s, WHO's over-standardisation of Ebola took 9 months to overcome in 2014. Also valuable was 2000s first
post-digital action learnings round local interactions of combinations of infectious diseases - eg HIV-tuberculosis
countdown month 14 (15 sept 2014
to october 2014 ) is amazingly situated to build on month 16 Africa week in DC and emergence of Young Africa Society as the
mostb collaborative milennial network seen to date; on road to atlanta Nov 2015- youth jobs olympics
will be the most valuable collaboration city movement the human race has ever enjoyed with thanks to nobel peace laureates,
open learning campus, cool south koreans at top of UN and world bank, and families of ted turner, martin luther king, jimmy Carter and why
not you if you have parented a millennial since 1984?
Norman Macrae Foundation started 7 year search of 7 wonders of YOUTH & YUNUS : experiments with startups linked
to dreams of muhammad yunus including the 10000 youth ambassador network, journal of social business, 2050 yunus book club
and the consider bangladesh half century on young asia originated at The Economost 1962 with consider Japan,
the good news portal of youth and yunus did not turn out to
be collaboratively sustainable- instead yunus.tv now offers millennails and journalists for humanity more open datasets on
who's millennails who of #2030now than any non-partisan collaboration source you are likely to search out - firstname.lastname@example.org
norman macrae foundation for youth economics and goodwill mediation
from womenuni.com- which market sectors will depend on wome empowermowemet if sustainability pursposes are to be valued in net gen's defining
social movements of #2030now will womne ...
new to us NEXUS, additional research urgently needed rsvp email@example.com
-quantum leaping ahead- clinton global university alumni have not prevuously been self-organised- this month they
were given the tools and permissions to reconnect over 10000
-quantum leaping ahead- millennials
who study at coursera partnerships to achieve #2030now the defining social movement of the net generation - not just anot6her certificate. August sees the Wprld Bank launch
the number 1 alumni network of this kind- search out Open Learning Campus
if you can help with these search questions:
youthcreativelab: which are 1000 most exciting concepts of youth and yunus? which 50 leaders are helping most to invest in youth and yunus
livelihhods? what roles are played by the world's 10 greatest job creators questions
you help resolve the world's 2 greatest maths errors and system failures? - poverty and wasting millennials lives!
are the most educated, most connected, most urgently collaborative peoples our human rac has ever seen- where they are out
of jobs and sustainable livelihoods, this signals the greatest macroeconoic madness any elder generation have ever ruled
so lets invest in millennials -lets make sure that post 2015 we all celebrate openly networking millennials goals
- - but first we need your help survey information needed so we can all do that
how you can
nominate a millennial network not yet included in the survey (below)
we are trying to blitz connectivity out of US east coast capitals boston new york, DC, and atlanta so if you have a millennial
connector in those towns representing a named millennial network or interested in connecting please say whom; why east coast capitals- at least 5 summits valuing millennial or women empowerment are being hosted 21 sept
to 7 october concluding with world bank millennials summit 7 october; these dates also determine movement diaries for most
of the US university year; this is last full university year before end of millennial goals and eg atlanta's whats next summit nov 2015
of course we are equally interested in knowing when a cluster of capitals
you are most connected to is blitzing next- the better are survey data the deeper the action and learning connections we hope
all capitals with a millennial future can make
chris macrae dc 301 881 1655 skype chrismacraedc yunus.tv
Dots of Millennial's Networks
Which MNetworks (left column) and humanly located connectors (other
columns) do you trust most to collaborate with?
Do you have
a nominated millennial citizen who is most joyfully crazy about collaboration linking particular capitals- eg health, energy,
mobile womens empowerment tend to be app areas that millennials can't win without such a connector -(though every sustainability
crisis actively needs a millennial connector)
Millennial Practice Network/Capital - atlanta countdown month of connection red launch; blue first collaboration delegate NM youth economics
founded millennial medics harvard -virtual space ghd online associated with boston's partners in health and Brigham womens; connections with NYmed - Abby BOS &
2YNPN - 17 city chapters; annual summit; Lucilla Lu san diego a
3 Taddy Blecher partners including
maharishi (india), Branson (west), google worldwide started in S. Africa
4 Women4Empowerment started when naila chowdhury came over to DC region - after 15 years with yunus
as first female director of grameen phone; kenya turned out to be a most progressive expermnenter in extreme mobile
W4E - eg jamii bora, mpesa, nanocredit and IHUB see 10
now run by evie evangelou as most valuable summit during un week for first ladies to impact future of fashion and superstars-
started by a bangladeshi supermodel; has gained from recent years having billion funding of women issues un foundation CNN/turner
bequest -turners are now refocusing everything millennial out of atlanta
6 jim kim world
youth summit annually staged in fall by young professional associates inside world bank;
7 kim is also interested in youth and young professional interfaces outside bank eg boston is
key due to his co-founding of partners in health; in new york in key his partnership with ban k-moon- from spring 2015 un-world
bank stage virtual millennials competition as part of process of returning goals post 2015 to investment ownership by millennials;
also kims most trusted connectors with pop stars are australian residents in new york
8 African diasporas out of dc pledge to provide extreme value chain benchmarks against which all usaid
and other dc value chain mapping can be valued - millennials are being invited by ethiopians to design their chapter of this
network - ethiopians are 1 largest dc diaspora; 2 have best poor farmer producer value chain model to benchmark; 3 connect
with founder of africa's satellite for elearning
9 Euro microeconomics
and east european open society network founded by George Soros -central european university budapest (best chance of saving
youth wherever EU is losing generations); also 1996 soros lent funds to start up grameen phone- soros role as lead bottom
up billanthropist began south african youth 1978
10 iubs lead
open source economy with direct www youth trades animated by open source tech wizards and apps partnering solutions needed
by communities and underclasses at edge of human sustainability
11 BRAC see
12 Yunus milennial alumni- dont really have a home? Becasue 60% of millennials
are asian - yunus missions impossible needed millennial investment win-win-win-win between bangladesh and india, mediated
by japan and china as did all asian millennials especially girl empowered
13 Lucknow networks have only unesco prize ever awarded to school for peacekeeping
- most recent breakthrough discovery how almost any illiterate adult can learn to read newspaper within month; hist annual
chief justice and global-local educator summits as well as many student competitions and cross-cultural exchanges across asia
especially for pre-teens harmony of world citizenship
clicpic to join interactive massive collaboration guide to 10 hours of free video resources of Nobel Muhammad
Yunus.tv - MOOC 12 designers especially welcome
17 April video of yunus US congressional
gold medal is here http://www.youtube.com/watch?v=21H7u48qDgg&list=UU-cxqz-2fBOekclLlaERLJQ&index=2 yunus speaks after 1 hour 6 minutes 35 seconds- he explains his first job around congress 1971; and his second round
in 1984 with Results' sam daley harris; leading up today 2013 the first Muslim to be awarded a gold medal- and the only
gold medal ever struck with the slogan let us put poverty in the museum
... monica yunus founder
of my favorite youth entrepreneur project www.singforhope.org sings beautiful dreamer to her father at minute 49 sec 24
Yunus.tv is a project of Norman Macrae Foundation wash dc hotline 301 881 1655 - The Economists' pro-youth economist ; 2013 is 170th anniversary
of The Economist being founded to support youth in ending hunger. Norman Macrae Foundation proposes microeducation summit
as a core contributor to post 2015 millennium Golas
Arguably Muhammad Yunus represents the futures that more youth around the world would like to network
than anyone alive- this web is a project of Norman Macrae Family Foundation-The Economist's pro-youth economist. It asks what 12 minute presentations could millions
of youth peer to peer learn from to create jobs and co-produce the most exciting goals of any milennium
Breaking News: Dr Yunus receives The Congressional Gold Medal on 17 April 2013 Washington DC. We aim
to publish a small brochure featuring all the student social business projects Yunus has celebrated across the states -email
firstname.lastname@example.org to subscribe to a copy or for further info (washington dc hotline 301 881 1655 ) . Other celebration resources:
go to http://yunus10000.com to see the dvd sampled to 10000 young people celebrating Grameen Headquarters summer 2008 at time Nobel opened
Yunus Museu in Dhaka.
12 Minutes to Change The World
How will online education change the economics
of youth and ecology of planet? What is MOOC? What is MIT? What is Coursera?
Where do hi-trust histories of online education come from? Whose life-work would you love millions of youth to be trained in supporting next
My father's work on pro-youth economics
at The Economist showed that only 2 innovations have rapidly progressed the whole human race at the same time. Please note
there are many other vital applications - eg healthcare, food security ... - we can then prioritise investments in to progress
the human lot but history shows that there are really only two sources that liberate such wonderful future opportunities
These are 1) Cleaner Energy (more later) and 2) worldwide technologies which
help every being to lead a more productive and sustainable life. When everyone can access online information at the same time
(soon to be possible with more mobile devices than people ) the educational content we free can be the most positive revolution
our human race has ever collaborated around.
The MOO in MOOC stands for massive Open Online. Massive
means a platform that can share with millions (or even billions) of people all over the world at the same time - the very
advance that first became simply celebrated when Tim Berners Lee opened up the worldwide web.There is
a choice of what C stands for - most fans of the acronym MOOC say that C is for course, though Curriculum and Collaboration
are other C's my friends love to interconnect.
Norman Macrae Foundation The Economist's Pro-Youth Economist5801 Nicholson Lane Suite 404, N. BethesdaMD20852Tel 301 881 1655 email email@example.com , planetmooc.com, normanmacrae.ning.comMr John MackeyWhole Foods Market, Inc. 550 Bowie Street Austin,
TX 7870310 March 2013Book - 12 Minutes To Change The WorldDear Mr MackeyI am writing to ask whether your team would help me develop
a case on Whole Foods for my forthcoming book. Each case being featured is in the format of a 12 minute peer to peer presentation
on what purpose youth around the world would uniquely miss if particular organsiational systems did not existThis book is a sequel to one I co-authored with my father in 1984 during his 40 years at The Economist
on whether the net generation would be the most entrepreneurially productive and sustainable time to be alive. 12 minute presentations
are becoming the core modular content of Massive Open Online Courses (MOOC)- and my friends and I see 2013 as a race to get
job-smart actionable learning out there to millions of youth to network at the same time.CONSCIOUS CAPITALISM AND PURPOSE OF A BUSINESSI would particularly like to include Whole Foods because of the purposeful way you integrate the value
multipliers of leadership. Also because in many ways you all at WholePlanetFoundation and WholeKidsFoundation can do more
to make the case for the systems my friend Muhammad Yunus designed than he himself can make now that he is trapped in the
social revolution going on in Bangaldesh whose outcomes during this scarily political year of 2013 are uncertainOne of the leaders directly contributing to 12 Minute Presentations To Change The World is
Sir Fazle Abed of BRAC. Unlike Yunus there is a way of explaining BRAC's unique contributions to the world that stays out
of confrontational politics. Moreover, one of the arms of BRAC is a fully fledged University and Sir Fazle was awarded Qatar's
first educational Oscar for his contributions to job creating education. So MOOCs are becoming a direct product line of BRAC,
of post 2015 millennium goal networking and may yet be the Trojan Horse to Arab Springs empowering the best that mobile youth
can be.Yours sincerelyChris Macrae
can youth entrepreneur competitions create the most jobs oiut of your state?
April 2013 see Muhammad Yunus celebrated
with thye US Congress Gold Medal. Its also conclude the second university year that Yu8nus has toured those states that
wish to convene a srident competition where the best ideas of youth are supported by all the state's public universities.
Norman Macrae Foundation aims to publish a leaflet on projects so far being supported - email firstname.lastname@example.org for the leaflet or if you wish to extend states contributing to this futures of youth competition - so far Georgia , Alabama,
North Carolina and Oregon have supporte this Yunus invitation, DC, VA and Maryland not so much.
About editorial team who edit this and
associate webs celebrating Norman Macrae Foundation,
2013 is a very
interesting year for us since it marks the 170th anniversary of The Economist founded by our
Scottish friends to end hunger and end capital abuse of youth , as well s the 255th year since Adam Smith first conceived a
book of economic principles anchored round hi-trust relationship systems - what today our mathematicains at valuetrue.com
call goodwill modeling of any organsiation or market sector aiming to compound its most productive benefits to the human race
-eg collaboration blog with search as to which sectors will most help youth's 10000 greatest job creators: health? education? opentech? massmedia? banking? economists? food? energy and waste? ...
1976, we started up as the epicentre of Entrepreneurial Revolution -its reporting and valuation
models, and about 100 adjectival forms of entrepreneur who jumped on the e-bandwagon sometimes making it really hard to understand
the real work of entrepreneurs! This is to help youth on behalf of hi-trust communities redesign futures every time that 0.1%
or less of a population take over all productive assets. Interculturally, as mediators we are optimistic that such open systems
can in 21st C be designed without needing to resort to the french guillotine in which the dna of between
take is born- Dad (Norman Macrae) and I coined the phrase ER in The Economist in 1976 after seeing
early experiments of youth sharing knowledge around a digital network. We retain our 1976 collaborations challenge to youth
and economists : none of 20th c's biggest systems of organisation are of a sustainable nature befitting
a borderless 21stc networking world aimed at human progress; our 1984 book mapped goals to invest in net generation collaboration including ending poverty
and co-creating 3 billion new jobs-our search continues with one difference - after dad celebrated his 85th and last
public birthday with dr yunus and 30 guests at Royal Automobile Club Saint James London , and Norman's death in 2010 we started www.nmfound.net to help converge the projects he believed would economically make or break 2010s as youth's most productive decade......................................................................................................................
Macrae Foundation project Journalist for Humanity invites youth to help edit following nings- yunuscityyunusasia
here is a 5 year review of best and worst ideas of collaborating with pro-youth economics around dr yunus- its not his
fault that as the brand with the most exciting youth colaboration promise in the world. of people do pr and funding projects
around him that have no ositive consequences for youth who want to co-brand with yunus as social business liberatirs of whichever
market they want to be lifetime parctioners in
that can contribute to youth's 10000 greatest job creators
best collaboration approach
for youth collab entreprenurs
yunus competitions with 1000 youth entreprenurs
where prizes include commiting whole states educational respources toi student team project, co-branding yunus and team solution,
develping MOOC of youth co-producing social business
SMbA - no quorum obtainable aming universities to replace
mba as fattest cash cow education has ever monoplised
free nursing colege training
nurses to be most ocnnected people in vilage of mobile helath apps
banking is the new race to bank a billion to end poverty or chain people- oddly this depends on 2 forces that seldom meet
ahead of time- government experys in future regulatiion and informatiin tech wizards
for some unknown reason
acandeics took over teaching microefinace as a separte expertise whereas its origin in bangaldesh was a convergence process
of vilagers owning banks, community market channels and knwoleedge hubs all in an effort to redesign value chains to enable
those with the elast to live productive lifetimes and invest in their next generation
part of his estate to help found. In 2010,
we seek to multiply social business loans to 4 epicentres of goodwill multiplying gravity:
report updated dec 2012 - we are closing our investment in 3 because of incompatibility of valuation models and failure to
charter one action project- we continue to publish the world's good hubs guide as a collaborative journalism exercise with
worldiwde youth started in 2006; we love jamii bora in 4 but are sad not yet to have found connections with kenya's others greatest projects- nor south africa's nor those
that good news reporters of afrca24tv and mit dispora networks value most -we continue to report grameenscotland as potentialy
one of top 7 colaboration epicentres of yunus and we love any connection we can linkin with japan as number 1 supporter of
yunus at a national leve- we believe the number 1 collaboration investment in youth and yunus worldwide is now proven
y the sory of stdent competitionwhere winners are co-branded withy yunus in such a way that the whole of states educational
resirces support winning tsudent teams - please help us report places committed to organsiing such competitions - so far we
are aware of tokyo- and in us of Georgia, Alabama, North Carolinal and oregon; we believe after 5 years and 8 vists that we
have nudged global reporting of what's going on i Bngladesh into a reasonably transparent process at www.considerbangladesh.com though happy to hear alternative views - email@example.com
3 www.the-hub.net and its 6000 social business entrepreneurs in 50 cities doubling on some kind of moores law every 18 months or so
glasgow's future twinning of capitalism : open source centre of where adam smith's microeconomics of youth-family-community was born
without which social action media like The Economist would never have evolved, nor would our auld alliance partners' french
networks who coined the revolutionary social purpose which it means to collaborate in the calling of being
an entrepreneur since 1800
The 30 year processes of the twin movement of Results MIcro are the most economically interesting
starting point for anyone who spends a life hosting both real and virtual networks that I have been able to find in 34 years
of searches for netgen capitalism www.erworld.tv - since 2005's terrifying make poverty history year in london our collaboration research associates have been openly inviting hub feedback on such hi-trust maps
www.universityofstars.tv Actually as my family's last 5 generations have been mentored by the likes of Gandhi on how to joyfully fool with transforming
media, mediation and education , we have been searching out a 5th foci where youth and emerging stars festivalise
peace and economic celebrations across capitals but its up to the leaders of that to choose their worldwide opening of my*MY
SAINT JAMES NOT QUITE BOSTON TEA PARTY 2.1 : 16 Nov 2010
If exciting 2010s
and all that sounds your future cups of tea I would suggest you also skype jonathan ( jonathan.robinson
) before nov 16 and decide if you want to come to The Economist's remembrance party on Nov 16 which also where my family and friends be starting activism among shareholders of The Economist in my family's relentlessly slow but optimistically stubborn way
of mapping why we worldwide web http://www.normanmacrae.com/netfuture.html
chris macrae DC 301 881 1655
invitations to 3000 leaders and youth by dr yunus are confirmed by findings from a life at the centre of journalising entrepreneurial
games of creating jobs -economics rules the world but whose world – our next generations or past
generations do we wish economics to stimulate
Places Need to get into investing in sector before its jobs starts doubling – investing 7 years ahead –
societies and national govs planning paradox versus short-term manipulators; why economics hippocratic oath is exponential
dictatorships, usa and other developed nations now bottom of league in investing in sectors with job creating future: developed
nations need genius economists of developing nations more than vice versa
The greatest innovation advantage of net generation is collaboration advantage
of places not competitive advantage – consider bangladesh sustainability world trade centre
Exponential futures are predictable- whose maps win-win-win
between productivities and demands; whose lose lose lose
Health families & communities & society generate strong economies not vice versa
– healthy societies are generateddby 3-i-mn-on bank*community market*knowledge hub
Blocking future mapping are The compound risk crisis of global
paradigms of mapping (and maths of integration) are multidimensional and context specific not command and controling by over-standardising
rules. What’s needed is value multiplication (operand of connectivity and naturally interfacing networks of living systems)
models not value add (separability and dead things). Specifically global tangible accountants havemonopoly
over boardrooms that spreadsheets 3 enormous exponentially crashing errors that turn goodwill into badwill : additive bottom
lines risks at boundaries and valuing things s investment peoples s costs to cut
Daring nations will halve gov spends on ruling social services
but transfer these spends to communities to empower social businesses and inter-community replications that net technology
now makes possible
is possible to choose economics to design integration of local into global; so that we multiply productivity of 7 billion
people but that is not what 20th c macroeconomists were hired to do- 10 biggest 20th century errors
that have spun destruction are ...
The only organisations worth hi-trust investing in havepurpose beyond
monetary-extraction; the only people who cant win from www evolution of purposeful organisations through exciting 2010s are
speculators. We need to survey youths greatest goals for 2020 now and economics maps to match them
US congress votes to listen to genius economist DR Yunus likely convocation Q2 2011- Rush Holt Sept 2010:I rise in strong support of this legislation
to award Dr Muhammad Yunus the congressional gold medal ; the house has garnered 297 bipartisan sponsors of this bill; Muhammad
Yunus is widely known as banker to the poor and is one of the world’s great humanitarians, and an economic genius
THE New Decade started auspiciously
for Bangladesh. One of its illustrious sons, the legendary founder of Brac Mr. Fazle Hasan Abed, was knighted by the Queen. Congratulations to Sir Fazle! Sir Fazle, and the founder of Grameen Bank and Nobel Peace Prize
winner Professor Muhammad Yunus are the two famous Bangladeshis the whole world reveres .more
Golden Oldie Script NetGen's Time
is Now from 2006!
We Create What We Want. We wanted to go to the moon, so we went there. We achieve what we want to achieve. We accept that poverty is part of human destiny.
It’s not! We believe we can create a poverty-free world. We need to invent ways to change our perspective. We
can reconfigure our world if we can reconfigure our mindset. . Social business will be a new kind of business, making a difference in the world. Human beings are a wonderful creation embodied with limitless human qualities and capabilities. Entrepreneurs are not one-dimensional human
beings, dedicated to maximizing profit. They
are multi-dimensional: political, emotional, social, spiritual, environmental. The
desire to do great things for the world can be a powerful driving force Young people
dream about creating a perfect world of their own. Social business will give them
a challenge to make a difference by using their creative talent. Let us join hands to unleash our energy and creativity. Collectively, we can create a poverty-free world.” Source : http://nobelprize.org/nobel_prizes/peace/laureates/2006/yunus-lecture-en.html
The most joyous news so far known to our collaboration searchers www.worldcitizen.tv of 2010s exciting decade is that congress has voted to ask Dr Yunus to present to them
on his practices as genius economist and recognition of credit as lifeblood of any nation. Prior to this celebration
expected Q2 of 2011, our family foundation association www.isabellawm.com and estate of Norman Macrae (journalism's hub of internet since 1984 and entrepreneurial revolution since
1976) www.worldeconomist.net is helping sponsor various publictaions on win-win-win economic models and activate various projects including a 3000 leadership club interested in investing in job creation and pro-youth economics. This is a fast moving compass where we welcome
ideas firstname.lastname@example.org of a similar kind to these:
Changing economics- supporters networks of yunus genius economist – the Social Business models
road to US congress Q2 2011
2050 yunus book club &
10000 dvd club – linking in 2010’s most exciting decade with youths 20 goals for 2020
models of social business stockmarket
Replay of The Economist 60 party on journalist of internet, entrepreneurs
and asia rising
Publishing Consider Bangladesh leaflet with Dr Yunus
1-301 881-1655Bethesda skype isabellawm (family foundation network isbellawm.com ) - to
join the association of JFH webs you need to pledge to post in end of month news on what actions to take next month on social
business practice areas of most concern to your web - its fine if there is no news any particular month, its no good at all
if as a Journalist for Humanity there was great collaboration news for next month's social business worldwide networks to
hub and you forget to post it.
2010 = 5 years left to map how to turn round crashing global systems and
live up to millennium goals
May 2010 Nobel laureate DR Yunus brings out 2nd book on Social Business (discussion global grameen ning)- this one explains how hundreds of the world’s largest organizations are invited to collaboration partner
in sustainability; 2012 London Olympics will be a parallel stage for celebrating the greatest demonstrations of sustainability knowledge projects
March 2010: LondonCreativeLabs.com gains sustainability London leadership award for job creation community building all round London offering
understanding of how social business modeling is the most exciting collaboration and entrepreneurial pursuit
2006 DR Yunus wins Nobel prize- declares his future mission is to globally brand sustainability
world's most human partnerships including mapping a complete design for Bangladesh's rural health system that connects
every modern technology possible in the most affordable and youthfully inspiring way (eg Girl Effect)
Paris invites DR Yunus to apply 30 years of ten times of system designing more economical market exchanges at community
levels to partnerships formed between the world's most resopiurced organisational systems - eg HEC Uni, Danone, France's Ministry of Employment & Youth - and the world's most purposeful grassroots networking services
Please contribute to the most urgent interaction diary ever mediated. – Chris Macrae info @worldcitizen.tv
washington dc 301 881 1655 Latest correspondence: John Elkington, Sustainability , Volcans
.Transatlantic friends of dr yunus who attended Global
Grameen launch in november 009 celebrate his wish to co-create sustainability 2010s inviting 12 types of Collaboration
Partners (CP) > Let's make Global Grameen world's favourite branding celebration by declaring and achieving
bold sustainability goals. Here are examples of some early CP - mail chris.macrae @yahoo.co.uk if you have a CP suggestion
no 2010s millennium goals can't be met - nor a
sustainable global -with wall street's short-term rewards and diabolical macroeconomic monopoly that shreds the
3 core system qualities of value multiplication 1 goodwill's trust-flows, 2 transparency and 3 compound whole truths.
Which university business schools will contribute to missing curriculum of compound sustainability
Nobel 2006 - yes sustainability investment
maps in business do exist- Bangladesh has co-created these since our nation's birth; I invite every young person to try
social business model so they know the leadership choice they mediate in 2010s
because of the social business model Grameen invests in more solar
unit installation than all of usa banking- we have to value this ; bangladesh will be the first 100 million population
to be washed away unless the world collaborates in ending climate crisis- thriving carbon negative economies are possible
- come benchmark with dhaka a world epicentre of sustainability
because we are a bank for the poorest dont under-estimate what
we invest the poorest's monies in - bangladesh's partners aim to be as much a world leader of mobiles as bangalore was
with the internet http://www.grameensolutions.com/http://bankabillion.org/ - we invite all micro economists to join us in the net generation's race to end poverty and co-create 7 billion jobs worthy
of lifetime amd community service
I wish to compete and collaborate with Dr Yunus in job creation's human race - at alibaba and on behalf of chinese technologists for the peoples - we
pledge creating 100 million microentrepreneurial jobs is possible through 2010s
if your leadesrhip systems serves customers and employees
then you compound great returns for shareholders too - no company with a sustainable future needs speculator shareholders;
wherever speculators rule, macroeconomics becomes (is sponsor of) the Big Brother theory of how to become ever
less economic- isn't that the main action learning of the 2000s?
Clinton mentions Yunus at minute 3 of this national
tv broadcast sept 09
. Sofia- can you help improve right hand pic? can we 1000 Yunus book readers and 10000 dvd linksmakers share another
way of looking at the CP12 whilst at the same time explaining why I prefer the box order I have shown youit seems to me
that if the groundedness of all microeconomics replications is social business case banks like grameen, bracs and jamii boras
then there are 2 ways round mediating thisleft is reform social systems; currently the productivity of world bank is zero; that of the UN
is negative; that of many ngos and social entrepreneurs is unsustainable and not scalable; so we need foundations cp2 that
are both sustainable and whose identity empowers like nike's girl effect; we need in designing CP3 social business Olympics
festival to take everything we can learn from microcreditsummit heroic goals, welcoming panels by each goal and
celebration by CP4 place leaders like queen sofia; we need the heroines and heroes of social world to have many more Cp5 world
famous stages like nobel prizes; and we ultimately need the whole world including professions 2.0 (who have a semi monopoly
to rule over us and whose laws even frame the transparency of what organizational typologies peoples can start up) to
integrate around CP6 exponentially smart system designsgoing right we need the time CP12 netizens spend (when they are hoping to make
the world better and aiming to reduce degrees of separation around poverty-ending knowhow) to be mapped collaboratively the
way our hub meeting of 2005 tried to start as well as informed by and open sourcing of social business modeling; we need to
harness that around CP11 educational-vocational-microentrepreneur (inside) systems and local communities/governance/
restoration of family-valuing cultures that help youth create 1 billion new tech jobs; we need CP10 social business funds
to include prizes for social action teams (yunus chapter 11) be these the last year people are at school before needing
to co-create jobs or at university sb clubs- we need to encourage young people to dream by letting them try out micro-=experiments
until dreams and realities linking; we need to change the big 3 systems CP9-CP7 that currently give caswell's "we
:and sustainability no compound free voice - universities, corporations and govs of nations that need to collaborate in the
worldwide sustainability issues and take economics way above zero sum and stop compounding risks at boundariesso that's what
the transformation to microeconomics, or micro system design integration or sustainability will take; currently we are in
a macroeconomic down world accelerating ever more irreversibly towards a maximum of 1 billion jobs that maximise peoples lifes;
and likely to cause collapse of climates of banking of peace and everything; so 2010s is an exciting time; and having seen
this with benefit of 1984 (book of 2024 report I gave you) or earlier surveys made in 1976 at bicentennial of usa, I promise
you that as far as I know these really are the last few years we can turn round to micro up- hope we can remain optimistic
and high esteemed about this opportunity and prevent people fro getting trapped in the threatsmale decision-making cannot achieve
much of this – even yunus cannot- I rather suspect the quality of networking of women with hi self-esteem
but 20 years experience of adult life is where the epicentre of world sustainability economics will need to be spinning round-
do you see an alternative empowerment leadership scenario?
THE SUSTAINABILITY GAMES - YES YOU CAN HELP rsvp with game number info @worldcitizen.tv
2009.1 Student learning exchanges between microcredits done the way Bangladesh open sourced –since
Nobel Prize 2006 (japan asks yunus to start intercity youth forums- Mostofa becomes the longest-running host in one location; TheGreenChildren
Pop group are formed to celebrate good news network fundraising eg aravind eyecare hospital replications 1 &2
now open, uinversal album due out this summer ; ... a deep 10 micro up university practice models emerge; the formal
interpretation of this learning exchange is addressed by 92 congressmen http://www.results.org/website/article.asp?id=3709 )
.2009.2 Global branding of industry sector responsibility –since January 08 - 20 global ceos
http://futurecapitalism.tv/ have joined this benchmarking club so far, with social impacts on future of healthcare most interesting of all
Practical microeconomic guides to the possibilities if life’s 7 most vital and human meta-market sectors were designed
to multiply goodwill, transparency and sustainability – Since January 09
.2009.4 Understanding the 5 tools of
Collaboration Innovation Networking that Bangladesh’s first third of a century has innovated around its world class
entrepreneurs and microeconomists- their relevance in uniting richer world leadership (eg Obama) and poorer world leadership
(eg millennium goals) – Since November 08; first publication June 09
.2009.5 THE MICROs – best news and
invitations to social action networks available on youtube –project being tested for June 2009
of 5000 Youth Ambassadors of the Micro-Rising and sustainability’s above zero-sum way ahead that Bangladesh invites
the world to replicate –since July 08 http://yunusforum.net/?page_id=39
.2009.7 Open clearing house web of thousands of Social Businesses – since Jan 09
survey of 100 greatest sustainability crises and benchmark solutions- solution source the worldwide microcredit learning exchange demanded by 93 congressmen involving the greatest sustainability investment banks owned by the world's poorest (in trust and through social business maps)
..Debating Gandhi's greatest questions including what causes a nation
to forget about children as its greatest sustainability investment and what entrepreneurial system reconciliation can work
an innovation alumni network countering empire, the definition of entrepreneur =
person who makes more jobs than (s)he takes is agreed by French who coined word in late 1700s, Gandhi, Yunus,
Obama and ... you?
.Does your country, or family tree, offer any insights. For example, Scottish insights:
Adam Smith's work is a risposte to the banking scam of 1700 which caused scotland to be annexed as a colony
The premature death in early 1860s of Scottish founder of The Economist 10 months into a project in calcutta
involving reform of Raj economics. James Wilson died from a disease whose 10 cents a go solution became the birth of BRAC and its village nursing networks
Messina to Tokyo, 7 years in a Scot's journalist journey to where French , Germans and Japanese renewed peace, and healthy economies to be, before (other) mass media participated.
.The Scots went from
a 17th centuryof being Europe's highest investor in children's learning to lower than English levels. One of James' Wilson's
2 goals for The Economist (before his intent of closing it) was repeal of capital punishment- a law that licensed big city
irresponsibility for youth. To be bron europe to the new 20th century was quite a dismal hand for that generation. Let's hope
we stop making the 21st Century a global top-down rerun.
What health warnings are
critical to know about before studying, let alone issuing, rules of economcs
or False: The history of macroeconomics can be reviewed as having more patches in it than microsoft code. Each patch
seems designed to turn round what the previous rule compounded for too long and with ever higher cost to all trapped in its
Markets and organisations are tense systems of productive and demanding relationships spinning
around purpose. What is measured and what knowledge is empowered to flow determines whether compound growth or destruction
of the system is already invested into the system. 99% of our globalising world's 1000 biggest organisations are governmed
by similar metrics- guess whether these are metrics of sustainability or metrics of systems waiting to crash
-life in day of - research of people with the most challenging life curves shows their wish to know ahead of time
of the next big crisis decision they will need to make from older peers of the same struggle
.What world service structure
(of journalism) could 5000 youth ambassadors' curiosity celebrate and network if ending poverty involves
helping people replicate ahead of time a choice of 30000 community renewing solutions?
.Other entrepreneurial revolution research methods include: open space, grounded
.Net generation's defining race towards poverty museums- multiplying exponentials
from one heroic goal or world stage to another
Obama (son of microcredit) yes we can poverty musuem race 2009-2012 - see yunus, jane wales interview fall08, congruence of multiple system failures: banks, food, energy, peace..integrated solution begins with ending
system failure of poverty; updated Bernanke Feb09 on changes to law required so credit unions can replicate sustainability
investment banking in any usa community that wants to sustain 10 times lower cost banking; updated Hilary april 09 on lessons
to date in designing 10 times lower cost national health system
.First slumbank training session at JP Morgan Chase Manhattan (Jan09) offered by JB & Grameen & Microcreditsummit best news of decade; Ingrid Munro's wish list for Micro**7 tracks at Kenya March08 (coming soon)
mutual exchange of microcredit replications between national leaders of Spain, and Kenya -begins week of 18 may
2009; youth invited to participate in great 2010s relaunch of microcredits will take place april 2010 to nov 2011 with
Queen Sofia chied guest at both Kenya and Spain great idea but would you trust this sponsor
extraordinary action stories of micro-networking which started in 1996 in Bangladesh connecting hundreds
of thousands of village certre hubs and in 1997 worldwide with microcreditsummit
The Catalytic Mechanism of girl power - about 70% of Grameen's 70000 secondary scholarships to date have been
awarded to girls and as many as 90% of 100,000 green jobs aimed for 2012 at turning bangladesh into a solar powered nation will involve village women
.Microcreditsummit (1997) BHAG1 : reach 100 million households www with
microcredit in under a decade
.Catalytic mechanism 1 : the 10 most unforgatable stories told in favour of income generating
.The 7 wonders of microsummiting - if a credit summit can bhag serving 100 million poorest fa,ilies
with banking, what other people's summits amd worldwide series can BHAG a goal of universal human interest?
.The mother of all telecommunications crises; Stories of why generation
that became more connected than separated was always destined to spin an order of magnitude greater or lesser age of productivity
but not anything in between
.Making previous communications changes
like invention of printing press, or industrial revolution's steam engined trains look like blips on the horizon, the 1984-2024
generation that networks the wholeplanet will either ...
.Orwell's Big Brother
Einstein's: I am afraid humanity wont sustain a networking age
History of Next Capitalisms since 1976- annual surveys of conventional wisdoms that are spinning conventional blunders
good news for peoples in 1976: microcredit born, social business modelling validated; Economist's Entrepreneurial Revolution mapped why Next Capitalism would compound human sustainability up or down - the mapping wars of sustainable microeconomics
versus unsustainable colonial macroeconomics
why Social Business Models are the most exciting entrepreneurial challenge ever
.You have to design such a great
concept that someone else will give you a free loan to validate; validating requires sustaining positive cashflow; you then
reinvest in replicating (open sourcing) the most purposeful netwioking organisition in its specific service. Great typically
means a life critical service or a 10 times more economical model
.Which was the first social business of
the microecomic and sustainability era that bangladesh has gifted to the world? Accounts vary, but like Gandhi before him,
it was quite probably the print publishing business which Fazle Abed founder of BRAC developed to distribute content to its single-room rural montessori schools (1234 ) founded in early 1970s. What matters is that social business cases now have over 33 years of validation, replication and open source cataloguing - and that the Financial Times reviewer
who described social business as a flimsy idea unworthy of a book by a Nobel Laureate needs to go back to school.
-from 10-win to 10-lose in 1976 to 100-win to 100-lose in 2000s on (network generation's system*system change). In 1976,
you can map why and how grameen and brac were designed and have been relentlessly audited as 10-win models. But as Bill Clinton
says once these grassroots networks proved the new economics of a bottom-up developing nation, they turned Dhaka into
a 100-win epicentre - an open university both of
1 micriocredit- the only sustainable investment banking
2 future capitalism - benchmarking club for the number 1 sustainability investment model of every global
3 way above zero-sum goal -Yes We Can unite our networking generation across borders -
if we declare our space race to be: end poverty
.Free markets for halves
of the world's population with less than 5% asset decision making choice in what future compounds
.If 09/10 is to be a generation's yes we can tipping point: how do we help resolve the 3 american crises as identified
by 1 Obama, 2 Clinton's Global review 2008, 3 university youth
wonders of microeconomics world focused on by true sustainability investment banks
above zero sum: Bangladesh's First Third century's investment in the entrepreneurial revolutionary tools of collaboration
.Future Capitalism Benchmarking
club of Industry Sector Responsibility - what responsibility can a global market innovate when a world's most resourced organisation
partners a grassroots networks sustainability invetsments in serving life critical needs
.Abour 30 FC partners
in first 2 years of model - next review Berlin November in celebration of the 20th anniversary of fall of wall
up world stages at next to zero cost- plug and play
.at what age do you stop practising collaboration
as the main multipler of wealth & health? and do beleieve networking tools change these value dynanics at all
designed so that 5th graders and 40th graders and media can discuss wholeplanet truths
My guess is that 5000 youth ambassadors of networking Bangladeshi microeconomics and practising entrepreneurially designed replication franchises need to
do an iq test on exponentials
2) understand the triad of sustainability crises below
ask Grameen and BRAC to adopt a joint approach internationally
Diagnosing poverty as a SYSTEM FAILURE
–ie where EXPONENTIAL loss of sustainability needs to be turned round -involves the compound microeconomics
of 3 main dimensions ( PIC ):
Information and rules?
Channels or infrastructure?
Bangladesh ’s PIC involved
all 3 dimensions,
. – grameen in Bangladesh worked
on Personal (ending discrimination against women and families) and Information centres;
since 1989 Grameen Trust has
. while brac in Banglaesh worked on distribution and information
; recently BRAC has been making exponential headway in some parts of africa where it has now been mainly
.A post-mobile kenya seems mainly to involve C channel ownership (including
housing and top-down markets) and I information (health & youth education) and rules – jamii bora (together with
future capitalism partners and international goodwill to kenya ) is in place to transform all of these exponentially fast,
and provide a model of inspiration for many analogous african crises
Today America (and richer nations ruled by top-down macroeconomics) are exponemtially most at risk of compounding poverty traps due to channel ownership,
misinformation and rules
.Perhaps we can raise this at may 29 meeting with dr yunus so he can
tell us if this is or is not valid; invite brac or other major bangladeshi microcredits or women's and yes we can 10000
groups (aka student universities) to june 29 if it is valid
golden future history revisited: 76 was a triply empowering time in the microeconomic development of the world since:
trials began in this year
2 The Economist surveyed a next capitalism in which macro-banking and other too big to systemise
sectors would need to be replaced by 2010
3 Future historians can identify this as the year that Bangladesh started
to build and connect 5 sustainability invetsment models of collobarative innovation networking which have become
that nation's unique practical and intellectual gift to the world - a publishing genre which will be launched in June 29 out
MicroProject 09.1- help connect Millennium
Goals by developing regional maps of collaboration networks of Muhammad Yunus. Yes We Can empower coomunties and end poverty
Yes: we can co-agent social businesses and unite leaders in replicating sustanability goods in the new FC world where Globalisation by Wall Street banks has finally been discredited. Let's put an end to compounding trillion dollar crashes that are in no human's interest AB C
The 4th annual Nexus Global Youth
Summit on Innovative Philanthropy and Social Entrepreneurship will convene in New York City from July 23 to 26, 2014. The
program will be hosted both at the United Nations and other venues around Manhattan. Participation is by invitation and application
Following up on the work
of 10 previous, highly successful summits, on every continent (except Antarctica), the 2014 Summit will showcase the leading
edge of youth-led social innovation, next generation impact investing, and emerging philanthropic leadership from around the
world. The application process is now closed.
Nexus is a global movement of 2000+ young people from over 70 countries working to increase and improve
philanthropy and impact investing by bridging communities of wealth and social entrepreneurship. Founded in 2011, Nexus puts
the hope and promise of young people on the world stage, by bringing leaders together at Nexus Summits around the world for
dialogue, education, and collaborative problem-solving. The registration price for the 2014 Nexus Global Youth Summit is $500.
Limited scholarships will be available upon request, however all participants are responsible for covering the costs of their
own travel and accommodations. For hotel recommendations and other details please check our FAQ.
announcing the 2nd
annual world bank youth summit on 7 october 2014
the theme -social media generation's need for honest and responsive governments matches reason why jim kim has had an audience
with the pope asking how world bank can get behind popes curriculum that 21st c public servants job number 1 is end inequality-
last years summit kicked off with the daughter of ibrahim foundation the mobile billionnaire who has done most to value change
in africa's public leaders out of his bases in kenya and london
it seems that the club of rome organisers of nobel
peace summits are clueless about popes learning curriculum so it will probably take to nov 2015 to get that celebrated; meanwhile
the idea that the UN and world bank would fully partner in hosting october 2014 world bank youth summit seems to have been
delayed by 6 months- both ban ki-moon and jim kim have announced a joint millennials competition for this date - see last 2 minutes of this video
core world bank youth summit millennails are
Victoria Flamant Kimberly Bolch Joseph Mansilla Diane LuTran Yvonne
Kirabo Arezo Kohistany Nicholas Bian Dilara Bogut Rajiv Alexander
do you know any of them and is there a simple way of finding put where on the world bank organigram particular
individuals sit? What I want to be able to do is work out which main interest each team member and who OI know who most matches
that interests. I also seek to map action milennil networks at www.yunus.tv
transcript of announcement
to the 2014 Youth Summit Launch! world bank dc 7 october
Youth Summit 2014: The Need for Honest and Responsive Governments The 2014 Youth Summit plans to include: a global development competition But we need your help! The Youth Summit Organizing Committee (YSOC) has various
committees you can join: With this in mind, the 2014 Youth Summit aims to convene global youth leaders for a one day
conference. Meet this year's YS14 organizing committee! Building on those accomplishments and responding to
overwhelmingly positive feedback, it was decided to have a second Youth Summit - and a hope to make it an annual tradition. 400 people in attendance 11 World Bank country offices Hundreds more connected through livestream and social
media 500+ received solutions to our development case competition Broad institutional support by senior management Goal of revitalizing the dialogue with new generation of youth... With almost 200 responses, the survey revealed the
issue most important to global youth was the need of promoting open and responsive governments Perceptions
of corruption, inefficiencies and bad management; Trust and confidence in governments is at an all time low;
Consequently the idea of openness, transparency and mechanisms of accountability (access to information, citizen participation,
etc) is crucial to earning back the trust of young people. Welcome to the 2014 Youth Summit Launch! The Youth Summit
began as an idea formed in 2012 by younger Bank staff They saw a challenge: How can the Bank retain its
relevance with a new generation of global youth? They realized a need to provide a platform connecting the Bank to this
new generation and to identify and address issues affecting global youth. In October 2013 the inaugural Youth Summit
was launched... We used various media channels to ask global youth on their top priorities for a better world and
crowdsource the topic for this year's event According to research (e.g. Global Opening Government Survey 2013),
overwhelming number of young persons support open governments
The Global Opening Government Survey ... From October through November 15, 2013,
an online survey, known as theGlobal Opening Government
Survey, ... between the World Bank Institute (WBI)'s Open Government Practice and the RIWI ...
To convene youth-led organizations and youth leaders; To equip with a toolbox of skills and technical training; To facilitate global conversation on youth's role in the
government decision-making process; and To enable young people to help make governments more open and accountable. a development expo High-level panels of World Bank senior management, UN senior officials, various NGO partners Tailored workshops with targeted audiences Partnership with Y2Y, the JPAOC and the Governance GPG Ability
to network with international colleagues Communications Event planning Partnerships Case competition Website design Development Expo
YPA team Victoria Flamant Kimberly Bolch Joseph Mansilla Diane LuTran Yvonne Kirabo Arezo Kohistany Nicholas Bian Dilara Bogut Join us. Questions? Rajiv Alexander
What I was trying to do was to take [entrepreneurship] in one particular direction: turning it into creating a social
business. Social business is a business, where you don't want to make money for yourself, but you solve the problem with the
business model. This is different from social entrepreneurship. A social entrepreneur may not be involved in a business at
all, it could be just helping your neighbourhood, improving healthcare, helping people to do that in a new way.
What will you be focusing on over the next six months?
I have been over
years spending more and more time on promoting social business, setting up social business, bringing social business to courses
at universities, helping design social business institutes and universities ... answering questions related with social business.
is what I will continue to devote time to. Because now social business is spreading in many more countries – previously
it was only in Bangladesh and one or two other countries – this will take up a lot of my time.
Which countries do you think are leading the way in social business and why do you think this is happening?
Where is the concept of social business most developed?
One is Bangladesh. France is very interested. They
have created a social business chair in a business school and they have many companies participating in social business. Its
government is very much interested; we are talking of social business in the context of G20, during its presidency of G20
they want to promote the concept of social business.
Also in Japan, and Germany. The mayor of Wiesbaden, Germany, has
declared the city a social business city .
What was the inspiration behind
the Grameen bank?
When I began I was not thinking about creating anything, I was thinking about demonstrating
something that might work. I was not looking for examples around the world. I was just thinking if I do it in this way maybe
it will work. I was not thinking about creating an institution.
So I learnt by doing. I started in one way and continued
in that direction. I never had a blueprint that I have to do this year this, next year that, third year this and on the fifth
year that. I was always thinking that if I do one more step it will be over and everybody will be happy.
Your partnership with Danone is well known. What has been learnt from it?
the first time we had a partnership with a huge multinational company. Until then people where very doubtful about the social
business idea. It was something that never makes any sense to business people; maybe for NGOs or some individuals, but definitely
not a serious business proposition. When Danone's chairman came forward and said I would like to join with you to do a social
business everyone [thought] if Danone does it, then it must be serious.
After that other companies came forward. So
today it is a legitimate business and nobody questions the involvement of well-known CEOs in social business. HEC business
school became interested [the school now runs a social business certificate programme], if the CEOs are doing it, our students must learn about what they are doing. So that became another subject of economic
interest. Today young people are interested.
Have you ever thought about leaving
I could have settled in the USA, I was there, teaching. I finished my degree there. Many like
me never come back. Bangladesh's history is not a small history, there are lots of ups and downs, a lot of violence –
but I have no intention of leaving the country.
Is money the problem or what
we do with it?
Money is not the problem in the sense if you could make good use of it. But for many the
accumulation of money has become an obsession. It is widely accepted 'the more money I have, the more successful I am'. We
should not measure success with money. To me human life success should be measured with what contribution you have made in
making this planet a better place. And what kind of life you have lived on this planet. Money per se is a piece of paper ...
It is what you do with the money, what impact you create with the money that's important.
Many people all over the world are starting social businesses having been inspired by your work. What would you say
They have enormous capacity to make an impact in the world. Pick a subject, pick a problem, design
a business to solve that problem, and take it from there.
The interview with Muhammad Yunus was arranged with the
help of Nesta
Remembering Norman Macrae - notes ahead of 60 person party @ The Economist Boardroom 16 Nov 2010
As well as future histories
through which dad exponentially mapped changes that were already happening, my dad was most valued for 3 subjects which he
wrote up in 2000 leaders published in The Economist 1949-1998, and several books1 As the journalist of entrepreneurs (ie community sustaining economics and 90% of greatest inventions for humanity
rose from very small groups often using intergenerational knowledge) -jokingly he would say that macroecconomists (who increasingly
found to be hired to be agents of disgraceful political chicanery) would find entrepreneur
the last word in adam smith's lexicon that they could turn against its original community-grounded flow – “between
take” refering to that transfer of assets made when french liberte egalite fraternite was socially (if not peacefully) actioned by
guillotining royal heads who were monoplising productive assetsin particular between 76-84 he wrote trilogy on last quarter of 20th C and
first quarter of 21st being the greatest change period ever and so entrepreneurs most exciting tome to be alive:part 1 end the lose-lose-lose economy of big organisational systems before 2010
(end big gov, end big media, end big corp)- the exciting thinng will be the new micro up system designs economics will needpart 2 service economy need tem franchises and empowering not bossy leaders (intrapreneur)prt 3 internet and knowledge value multiplying economics of networks- see next
para2 As first journalist of internet and mobile technology’s death of distance as a cost –the greatest economic
stimulus ever to hit one worldwide generation (provided we helped youth collaborate around it)- he and I co-wrote for 1984 publication how the internet generation would change the world by
an order of magnitude of productivity : I had between 1973-1976 worked on a live electronic network through which 500
university students in 4 locations interacted simultaneously – part of the UK’s national development program in
computer assisted learning where we explored things about action learning that most teachers dont yet begin to use in schools
–except new zealand where a guy interviewed dad in 1984 ; interestingly the book of the new zealnad project has also
sold 10 million copies in china)CRASH the world macro
down – endgame by 2020s worse than orwell's big brotherorSUSTAIN micro up - 10 times more health and wealth to multiply - by 2010
we would know if we are on this rising exponential as the internet's number 1 game would be to end poverty - 30000 community
to community replication solutions would be found partly after a noble laureate had convened a reality tv show reaching
a billion people many who clicked ides onto the net for ongoing testing
3 As journalist of Asia Pacific www century 1976-2075
which he branded in 1975 s the destiny of 2 billion produtive peoples but which started with his first survey of a fastest
climbing nation - consider japan 1962 and ended with consider bangladesh 2008 (dad's last 2 articles) –dad is probably
the only foreign economist to receive the japanese emperor’s award of order of rising sun; citation red something like
: help us to see a more human and economical way to do global marketing than we otherwise would
PS rsvp email@example.com - delighted to hear from people who think my dad had some blindnesses so we can integrate the happiest economics ever to
rule the world in time to make join dr yunsu invitation to make 2010s humanity's most productive decade - but norman
made a good start in freeing dozens of life crtical service marketplces if you actually read the contexts of
his writings on many questions that has either been forbidden or in an age of tv politics exposed to one dimensional
left versus right debates instead of 360 degree attempts to innovate higher order perspecitives out of deeply detailed diversity
( cf how maps or maths of integration is a bottom up not a top down process of direction; also demnbd that any profession
ruling over networked ge understands multiply as opernad of connectivity an living systems, not just add as
operand of seprabliity and lifeless things)
Roll of Honor of Scottish Youth's Most Valued Partnerships with Dr Yunus
2008 *Yunus Speech celebrating Adam Smith's 250th *Magnusson Prize awarded to Yunus in remembrance of Chancellor
of Glasgow Caledonian University *Sir Tom Hunter (the Scottsh entrepreneur who helped with origin of funding of
Clinton Global Summit) cheer-leads audience - the least Scotland and youth can do to honor you DR Yunus is to action
entrepreneuruial projects 2009 *First SB entrepreneurial project: Glasgow Caledonian supplies training staff for
Grameen Nursing College meta-partnerhip (10+ partners) in Dhaka *Second SB entrepreneurial project: Glasgow Caledonian
takes responsibility for animating dialogues in changes to law needed before Grameen Scoland and extensions round European
Grameen microcredit banking can help make 2010 all youths' and families' most productive decade *Glasgow
Caledonian Principal funds the second social business professor in the world and the first Yunus Centre outside Dhaka; Chair
Cam Donaldson will focus on connections between microbanking and microhealth in poorest communities 2010 *Glasgow
University principal signs partnership to develop a new economics course for use wherever places want to sustain jobs
and apply correct Adam Smith community sustaining logics *Universities across Scotland invite Yunus capital
partners to share their practices in animating youth 3000 festivals; all Yunus friends help Glasgow pilot annual summer
weekend festival geared to yunus invitation to make 2010s most exciting decade. *Journal of Social Business loans announced
with launch due in early 2011. Glasgow suggests creating 2 SB journal spaces - one for 3000 leaders to get updated on most
exciting partnerships round Yunus system world of social business; one for any academics who want to present end poverty frameworks
in as inter-disciplinary way as possible.
here are some of my replies to the debrief Q&A http://danonecommunities.com/fr/generationsolidairefeedback of the 3000 youth event hosted by danone communities and HEC at the Grand Rex Paris 4 Feb 2010 - uncensored
text questions from youth with respondents in chief on the stage that included Dr Yunus, Martin Hirsch, Frederick Dalsace
chair of social business at HEC and an extraordinary lady from the commission of audiovisuel
love to know if the
people on stage knew what texts they were going to get; in a way I would rather that they did!
do you think
that a text jam can be held independently of having a meeting - ie could the best of a text jam be saved for times when big
meetings are convened but also webbed before and afrer; could youth in different cities around the world be involved in a
text web knowing that some of the questions would be posed the next time a danone 3000 is convened anywhere
or other journalists start using some of the text questions in other interviews they make; tv broadcasters that are
funded by the public should one day include such "live" texts at the same time as leaders are intreviewed in the
nighly news on such topics as job creation and who is banking for; we do not live in a democracy or a free market globe
if politicians or lobbyists censor what questions they are prepared to be asked or if anchor men are too scared about their
own power relationship than asking whole truth questions; bring on the social business anchor women http://www.sbworld.tvhttp://myworlds.tvhttp://202020.tv
a memo from the head of a leading global communications agency headquartered in New York asking if Dr Yunus would be interested in working
directly with him . The emerging idea to invite his global clients to celebrate the leadership example set by Dr Yunus by
each planting an end poverty project in one of the countries that their company is globally present. There are already one
or two cases of this being done within his roster of leading global clients - an example I know about planting systems for
the poorest in Guatemala. Moreover there is already a multinational team of staff within the agency highly motivated by such purposeful communications
It is expected that if the group of CEOs can work directly with Dr Yunus at least 10 and probably nearer
20 of this agency's global clients would join in. This is because this agency more than any other has evolved around the idea
that the way you brand tells a lot about a leader's own values. Its fieldbook of practicing this is co-written by one
of the most admired academic of worldwide branding as a strategic change opportunity. These CEOs are used to
working on combined projects provided they are directly system designed by the head of this agency
agencies are a small world that I have worked with for 30 years now. Once one offers the leaders of its most impactful
clients something young people applaud (and this is seen to be the next wave as Paris on Feb4 will help do) it is not
too difficult to chat up others to follow - if you know the people order to diffuse an idea whose time has come.
me if Dr Yunus is interested in this approach and if so how you would like to set up a meeting. As you know 2 generations
of my family have worked on the economics of media, microeconomics models and the system dynamics of where to plant entrepreneurial
revolution. We strongly commend the urgency of this leadership approach so that Mad Avenue and Walled Street move forward
into a 21st C Americans and youth in big capitals can be proud of.
GOODWILL CULTURES THAT MULTIPLY VALUE
& EXPONENTIAL RISING
As the triple issue of the journal
of marketing management I guest edited in 1999 shows what sustainably energizes brand leadership communication and heroically
purposeful innovation round a worldwide organisational system is communal pride and individual passion (self-esteem
as your Centre in Paris aptly calls it)
Games you can play to help dr yunus make 2010s the
decade that ends povertyNobel Muhammad Yunus entered his 70th year on 28 July 2009. I was
privileged to be there as part of the only international group invited to the launch of Yunus Centre. We got advance news
of Dr Yunus' biggest idea yet - turning the 2010s into a Joy of Sustainability decade. He is inviting any corporate leader
and university concerned with sustainability to join in co-brand with global grameen the brand most trusted by communities and microeconomists to bank on people who want to resolve their communities' sustainability
crises. Leaders of business and learning are influenced by what citizens are aware of and wish for. I assume that its a no
brainer that you wish for sustainability for your children but awareness of how to join the yunus drama of leadership is a
challenge. He has no money to waste on advertising his solutions to sustain the world he relies on world of mouth
(and web!) whereas systems that are compounding loss of sustainability including wall street each have billions of dollars
annually to lobby, to advertise, to distract you with sports and other fun games but ones that have relative little meaning
compared with humanity's sustainability crises - be these poverty, climate, or other more local challenges like access to
health care or whether there will be any decent jobs at your place for your children.
To start with here are some
memory games. They may not be the most fun game you have ever played but they are based on 33 years of how people memorise
things in the noisy world we live in today where you are likely to be propositioned at least 1000 times daily- 99% by spam
or stuff that may be relevant to some but that you cannot afford to buy compared with what really make you and your family's life
flow the most. Tell us if you have others
Here are several versions of Global Grameen alphabet games
1.1 if you have heard of grameen, what else do you remember -call out what you can in 15 seconds -
record each memoriser by its initial letter ; ask yourself why you recall what you do and compare with what a friend
alphabetically recalls; swap your most important memorisers - eg if she plays a more meaningful game than you do,
don't be afraid to ssbstitute your memorisers for hers, or vice versa - and then viralise peer to peer networking
telling sustanability's most important alphabetical stories -why isn't this more fun that asking your co-workers if they watched
the box last night to see someone kick a ball through 2 white posts ; if you live in the UK why does the BBC
give no air time to sustanability games' millennium shaping goals and (I guess) about 40% of your licence fee budget
to stuff that has no more meaning than where a ball went at a particular second
Reason for playing these games
the more people who recall sustainability solutions matter and are gravitating around world leaders partnering Grameen,
the more business and university leaders will want to partner Grameen. In other words Yes We can make sustainability’s
number 1 centre Grameen the identity everyone wants to link into whenever they are actions sustainability services. With due
respect if every american played this game for a few minutes day it would matter more than all the money Warren Buffett or
Bill gets gives to foundations. Empowerment - its over to you - how do you want the script for the 2010s to turn out-
a rerun of the 2000s, or time for some brand alphabet completely different.
this game has a second half; once
we have started to agree the alphabetical characters how do we maxiise their heroic stories in celebrating sustainability
-tell me a gramen alphabetical story chris.macrae @yahoo.co.uk
ADDIDAS – everyone’s fitness can star in 2010s -decade
when big sporting events celebrate sustainable world’s millennium goals; and developing reality of shoeless
child campaign in time for world cup in s.africa; then staging a parallel sustainability torch relay to London’s sustainability Olympics; with so many citizens events that nobody
who comes for sports will leave without celebrating sustainability
BASF - exchanging free experiences of how to use basic chemicals for personal and family safety
– eg mosquito nets, vitamin supplements for the poorest
CENTRES -university and everywhere (eg grameen hubs round 125000 mobile
connected village centres) can be www hubs for missing curriculum of sustainability and the missing spaces
for rehearsing these into communal actions- the living labs of You & Us out of which social business designs blossom
DANONE – what’s the greatest consumer
good that fast moving food brands can serve?- eg replenishing diets of world’s poorest kids and celebrating their health
and families love with worldwide branding
ENERGY – through Grameen Shakti
partners taking ion world leadership with solar and clean energies and biomass both in doing it and as worlds conscience in
the race to ensure no 100 million person nation is drowned
Healthcare’s global village partners of
grameen include GE, Pfizer, Novo, Nike Foundation, Glasgow Caledonian, TheGreenChildren
INTEL- internet for the poor; encouraging grameensolutions.com see Bangladesh does with mobile what india did with internet in a world where creativity,
open source collaborations and free markets scale by being flat and micro up
JAMIIBORA- out of Kenya, world heritage sight for youth mobile microcredit & every african micro market empowered by social
business-staging best ever microcreditsummit april 2010
Labs – creation spaces of and linkins to the greatest and extremely affordable innovations for & by the sustainability
of every community
– banking and local services markets for and by the poorest women and parents, and entrepreneurially sustaining every
community’s win-win-win investments in next generation
NOBEL empowering yes we can girls & youth (11 up)
to connect economics and peace through celebrating networks and communal processes encouraging sustainable
job creation and self-confidence in lifetime’s flow and cross-cultural joy
OBAMA – social business exchanges between America and Africa –especially
that needed if obama is to keep his commitment to end deaths by malaria by 2015OTTO –cOTTOn and other goods sustainably made and marketed out of africa
by Prince AlbertMonaco sustainability social business prize competition, and indeed peoples democratic
foundations with sustainable micro up futures.
SOFIA, QUEEN – thanks to Spanish
cultures for first queen of microcredit generation and first queen celebrating social business- host of honor at Madrid’s world microcreditsummit 2011
TRUST – sharing
how to design systems to compound end of poverty, and changing the valuation that rules of banks and governments in particular
focus on community trust, transparency sustainability
VEOLIA – what’s the greatest utilities can do to safeguard
lives- eg can you beat 80 times lower priced drinking water than ever previously commercializedVolkswagen –
sustainable transport for all peoples
WHOLEPLANET –micromarkets are good for food producers and if you know want john mackey of leading food supermarkets
whole foods knows everyone’s health
YUNUS greatest sustainability investment banker for youth, and future generations wherever peoples celebrate race to end
poverty andfall of walls built to rule over
Prince Shaikh Nasser bin Hamad Al Khalifa, the Chairman of the Board of Trustees of the Royal Charities Organization,
and Nobel Laureate Professor Muhammad Yunus inaugurated the Family Bank, a microfinance bank licensed by the Central Bank
of Bahrain, at a ceremony held at the Gulf Hotel Convention Hall in Bahrain on Thursday, January 14, 2010. The ceremony was
held under the patronage of His Majesty King Hamad bin Isa Al Khalifa and attended by the Minister for Social Development
Dr. Fatima Al Balooshi.
The Family Bank will provide collateral-free microcredit to the needy families of Bahrain following
the Grameen Bank Approach. Besides a window for the "Grameen Model," the Family Bank will also lend to individuals
for investments in microenterprise and work as a wholesale fund to support NGO's providing microcredit in the Kingdom.
Since 2007 Grameen Trust, member of Grameen family of companies, has been working with the Government of Bahrain developing
the Family Bank. The initiative to establish a microfinance bank in Bahrain started through the signing of a Memorandum of
Understanding between the Ministry of Social Development and Grameen Trust during Professor Yunus' visit to the Kingdom in
February 2007 at the invitation of His Highness Shaikh Salman bin Hamad bin Isa Al Khalifa, the Crown Prince and Commander
in Chief of Bahrain Defense Forces. During that visit Professor Yunus was given the state Honour by the King by giving the
Medal of the First Order of Merit, the highest honor of the Kingdom of Bahrain. In May 2007 Grameen Trust conducted a feasibility
study in Bahrain and developed the microcredit program of the Family Bank. Grameen Trust has deputed the General Manager for
the Grameen program of the Family Bank from Bangladesh who will implement the flagship microcredit program.
Family Bank plans to provide collateral-free microcredit to 4,500 borrowers within three years. The primary beneficiaries
of the Family Bank's services will be provided to needy families and the unemployed young of Bahrain. The loan products of
the Family Bank will be offered in various tiers with $125 for first-time microcredit borrowers.
The Paid up Capital
of Family Bank is $31.25 million, while the Authorized Capital is $37.5 million. The Ministry of Social Development and the
Royal Charity Organization owns 63% of the Family Bank. The other shareholders of the Family Bank are Ahli United Bank, Kuwait
Finance House, Bank of Bahrain and Kuwait and Ithmaar Bank. Grameen Trust is an implementing partner and has a seat on the
Board of Directors of the Family Bank.
The Family Bank made its first loan disbursement on January 26,
the decade that must change climate if my daugter's children are to have an earth hasn't begun that well with
dirsuptions at our favorite microenergy epicentre http://www.gshakti.org - please permit us to retell one of our favourite dipal barua stories
Have you ever seen the Queen of England
burst out laughing? A huge smile of pride and approval yes, but to go beyond the superhuman pomp and dignity that is demanded
by the English class system and global mass media - to transform for a few seconds from head of state to the
temporary human bliss that is losing control to a few seconds of pure laughter?
ask because there is a rumor that once when Prince Charles met a director of Grameen Bank – his brief conversation turned
into pure laughter. And in my daughter's worldwide diary of Yes We Cans, there is hope for sustainability of all peoples if he did.
The story goes that the third time Charles met a director of Grameen Bank it
was with the company’s number 2 man Dipal Barua. Charles was awarding him a grand prize http://ashdenawards.orgfor services to solar energy. The conversation
went something like this:
Is it true that your company installs more solar units that the whole of the USA? Dipal: sir, Yes.
Charles: but is it also true that you are a bank? Dipal:
Charles: but banking
and solar energy , how,,, Dipal: ...we are Bankers for the Poor so it is only natural!
Dipal told this story he was modestly admitting surprise at how much his repartee had been enjoyed. My job creation journalist
friends had spent an hour videoing his kindly explaonations and belief that the micro-solar Social Business system
his project team had spent 12 years developing is ready for exponential liftoff
Dipal's turn of the decade goal is to create 100000
green jobs for semi-literate village women in Bangladesh this side of London’s Sustainability Olympics 2012. My co-journalist
Sofia Bustamante of http://londoncreativelabs.com, whom I have ever since dubbed first anchor woman of social
business http://sbworld.tv , had nudged Dipal at the end of the interview to sharing his favourite personal
Now, I am delighted if Charles’ spontaneous combustion was stimulated by Dipal who is equally
as charming company as the other happy bankers Mrs Begum, Professor Latifee and Dr Yunus who co-founded Grameen from
a $27 sustainability investment made in 1976. However, there may be a second way of construing this climactic royal
This was probably Charles third close encounter with
the worldwide's most economical system design called Grameen Bank. The other two occasions he had identified with the redoubtable
Muhammad Yunus: first when Charles wrote a foreword to Dr Yunus’ book “Banker for the Poor”, second when
Prince Charles' Foundation had asked to meet Dr Yunus while he was in Europe receiving his Nobel Prize in
The idea that the Nobel Prize had been awarded for
the win-win-win of peace, and banking, and Prince Charles special interest renewable energy was just too much for a human
being to celebrate - with anything other than pure laughter.
a few quotes from the 7 year old club of delhi formed to celebrate Global Reconciliation Network 2004
annual meet at Indira Gandhi National Centre of Cultures
Einstein- only Gandhi has demonstrated a higher order system that can sustain 21st Century beings globally and locally
.Gandhi insisted that human knowledge must always be in charge of information technology.
seems to me that there is a very fundamental kind of existential decision we make: do we believe our joy or do we believe
our neutral states? In the latter case, the move is always one of prudence - not to make decisions in a time of enthusiasm
when one is carried away, but rather to wait until everything cools down. I think one of the most important things there is
- I would almost say one could make this a kind of maxim for life - is to always make decisions in a state of joy.One should
believe one's joy more than one's prudence, or any cautious or fearful state of mind". - Alphonso Lingis."
Drayton: Gandhi realised that lawyers' rule-based human relationship systems will need to be increasingly replaced
by empathy-rich systems, the more we cross-culturally interconnect
Ashoka and The Asoka (Saraca Indica), an ancient tree from which the name of the great emperor Ashoka was derived, means,
without grief. The tree and the name have provided some of the most fundamental motifs to Indian art. Representing fertility,
it pervades the classical and medieval arts. It is as important in the biological sciences as it is in metaphysics and the
artistic traditions. Asoka is wonderful herb also that claims to
cure several diseases. According to Ayurvedic medicine, it is the one herb that stands out as especially useful for treating
excessive uterine bleeding. The tree symbolises the interdisciplinary approach,
job creation world's most inspiring business libraries - rsvp info@ worldcitizen.tv or if you are in london dont miss
http://londoncreativelabs.com - coming soon creative labs in 100 future capitals - we did it in at turn of millennium to discuss dotcoms, we yes can just do it in the 2010s to sustain good jobs and healthy
climates and rebrand saving banks to be for and by the people
Launch of a new microcredit - the city of Paris France
the city of Paris, after a yearlong debate and discussion, has adopted a version of the "microcredit" method, invented by Dr Muhammad
Yunus originally to fight poverty in a developing country.
From this month the city of Paris (one of the richest in the
world) is covering all its quarters to provide microcredits to the needy through one of the oldest banks of the city, Credit
Municipal. The number of poor people needing help in the city has increased by a third during the last one year and is increasing
further due to the recent global recession.
A monetary measure of poverty is of course relative. The items to be financed
with the microcredit in a developed economy (per capita income over $32,000) and in a developing economy (per capita income,
say, $1,000), could also be quite different. In Bangladesh for example it is perhaps a loan to buy a goat or a mobile phone
for renting, to a lady in a village; in Paris it is a loan to buy a computer for a young son of an unemployed single mother
(who has to live on a "social security" income of 685 Euro per month) or for financing a vocational training course,
or to cover the fees for a driving license course.
It is interesting to note that the loanee typically is a woman whether
in Bangladesh or in Paris.
In his early experiments in microcredit, in the seventies, Dr Yunus came to a crucial discovery:
women in general were more responsible for the well-being and the economic future of the family members than men in a similar
Analysing the first institution building phase of Grameen Bank, two Norwegian social scientists,
in their early study of the phenomenon, noted (among many other interesting things) the silent pride and determination of
Grameen Bank -- its leader and its members --- to succeed in the struggle to free the country from the grip of poverty. The
two writers surmised that it could lead to an unexpected present from Bangladesh, a silently proud nation, to the world: an
institution to fight poverty anywhere.
INTERVIEW/ Muhammad Yunus: Selfless side of humans can overcome crisis
BY TETSUO KOGURE
SHIMBUN NEW DELHI BUREAU CHIEF
DHAKA--A new business model that puts top priority on contributions
to society instead of short-term profittaking will hold the key to overcoming the current global financial crisis, Muhammad
Yunus, a Bangladeshi economist and managing-director of the Grameen Bank, said in a recent interview with The Asahi Shimbun.
The winner of the 2006 Nobel Peace Prize urged Japanese companies to join his proposed "social business"
initiative, which aims to put human selflessness into a market long dominated by the selfish pursuit of profits.
68, who devised the "microcredit" system that extends unsecured, small-amount loans for the poor, also said the
neediest people are the ones most seriously affected by the global financial crisis.
Following are excerpts from the
* * *
Question: If we look back at what happened in 2008, one of the biggest events was the global
financial crisis. It can be said that through excessive trust in the markets, businesses that focused only on profits have
collapsed. What is your opinion?
Answer: It happened so suddenly, but it showed that those who knew everything, understood
everything, and were confident in themselves were not correct. So (despite) expertise in understanding the financial world
itself, it showed that we do not have the capacity to understand those cases.
The big pillars of the financial system
just collapsed, and that was not realized (even) by experts weeks ago. That was a shocking part of it; people were not aware
And then (there are) the causes of this. Always everybody was given to believe that the market is supreme, that
"invisible hands" solve everything in the best possible manner, and there was nothing to worry about.
market doesn't solve everything.
In hindsight, they are saying that the reason is extreme greed, which led to the
collapse. Or some say the marketplace has been used like a gambling casino. It's no longer business; it's gambling.
Everybody changed some fuzzy thing or built castles in the air. Those things didn't exist, but everybody was made
to believe they were there.
Secondly, under globalization, you suffer in a way from something you have not done, so
it's somebody else's mistake. Somebody else's greed makes everybody else suffer.
Another irony in the situation
is that the richest people lose lots and lots of their money and wealth, but the guys who had a billion dollars still have
half a billion dollars left. And once things go back to normal, they can get a billion dollars again.
But the 3 billion
people at the bottom have been hit the hardest because they are losing their jobs, incomes and food now that the economy is
slowing down, factories are closing, jobs are being cut. They are the ones whose lifestyles suffer the most in a physical
and miserable way.
We are busy talking about bailout packages for the rich, billions of dollars, 700 billion for this,
300 billion for that, 200 billion for that. We are all busy making those bailout packages for the rich. But nowhere are we
talking about bailout packages for the poor who are losing their jobs and so on. That is also an ironic situation.
last thing I want to comment on is that we forgot that the financial crisis is just one of the crises in 2008. We forgot that
in 2008, we had a food crisis. It was a massive food crisis, and it has not disappeared.
2008 is also the year of the
energy crisis, when oil prices went up to $150 (a barrel) and so on. It has calmed down for a while, but the crisis has not
disappeared; it is very much alive.
And one crisis that continued not only in 2008 but long before 2008 is the environmental
So this is a combination of these crises. These are not separate crises. In a way, they are interlinked with
some connections. We have to see how we can redesign the whole system. This has to be done now.
Q: You said these four
crises are interlinked. I think they are related to globalization and free markets. What do you think? Are you OK with globalization
and free markets?
A: Globalization is not something that somebody designed. Even if we go back hundreds of years, globalization
was still in action. People were moving around from the beginning of globalization. We cannot change the process of globalization.
What we can do? How can we raise a question that doesn't ask the silly question of whether we should go for globalization
or should we stop it.
The real question is "right globalization" or "wrong globalization." If we
do not do anything about it, it will be wrong globalization. We have to make rules on the procedures of globalization so that
we all agree. Because if we are all free players in globalization, then the biggest and the richest will take away all the
gains in globalization. The weakest and smallest will get nothing.
If we gain from globalization that is desirable
for everybody, we must ensure it's win-win for both sides in the picture.
In the beginning, we do not feel comfortable
because you are rich. "Why should I live with you?" I am capable, I have the technology, money. I can do it. That
is not how globalization survives.
Then it will become a kind of economic imperialism. You have the power, you take
everything. You have money power instead of soldier power or military power. You use money power to take over. That's
not a good thing. You colonize poor countries, you take over their economy because you have money.
Everybody has to
have their place, a place of dignity. That is the right spirit of globalization.
And also the market is a good thing.
But we are misusing the market. That's why I say we have to correct the economic system before we correct the financial
market, because the financial system is an outcome of the economic system.
In the economic system today is the practice
we call capitalism. We fundamentally misinterpret capitalism. The idea of capitalism means that we all have to be greedy people.
We say business means business to make money. Profit maximization is the mission of business.
Because of this interpretation
of capitalism, (we) assume human beings are machines, money-making machines. We put human beings in one dimension of the picture.
We are all in one dimension on how to make money.
But at the same time, all people have a selfless part. There is the
selfish part of human beings and the selfless part of human beings. But we have created a business world based on only the
selfish part of human beings.
If we allowed the selfless part to be put in the marketplace, then the market becomes
Why not create another kind of business to take care of the selfless part? We call it "social business."
One kind of business is to make money and enrich yourself financially. Another kind of business is social business,
where you use your money to change the world, to solve the problems we see around us without any intention of personally gaining
in a financial way.
We can have both of the businesses since we all have two aspects and we can participate in both
businesses. Then the marketplace will be more balanced. Then we can create a business to adjust poverty, deal with the malnutrition
of children, the health of women, housing for poor people, drinking water for everybody, environmental issues.
all can be addressed in social business. Social businesses are non-loss, non-dividend companies with a social purpose.
have created some of these companies in Bangladesh. One is the Grameen Danon (Food) company, which produces yogurt with all
the micro-nutrients mixed in (and) sells it to malnourished children so that they regain their health. This company is not
trying to make money for itself or for its owners. This company is trying to solve the malnutrition of children by joining
as a business rather than as a charity.
Q: Social business is an unknown concept to the general public. You said it
is a no-loss, no-dividend business working for social objectives. It needs capital investment, doesn't it? What is the
A: Investors first decide to use their money to address a particular problem, like drinking water.
We have arsenic in drinking water in Bangladesh. I want to invest in drinking water so that people have safe water and don't
have to suffer from drinking arsenic. That is my objective.
I put the money in, and running this business means people
have to buy this water. I do not give it to them for free. The company covers all the costs but it makes a profit. But I will
never take it because this is not my intention.
My intention is to make sure people have good drinking water. I can
get back my investment money, but my satisfaction comes when I have saved the lives of people who had arsenic in their drinking
Somebody may ask why you do not make money. I say the selfless part of people will do it.
Q: What are
the profits used for? To improve the business?
A: Yes, exactly, so that the business will improve, expand. I started
this when profits were made, used them to make it bigger and bigger.
Grameen Danon is the (social business) company
and Grameen Veolia (Water) is another (social business) company. This is a water company. We have just started it. Veolia
is a French company, the largest water company in the world.
We are creating more and more social businesses.
You have achieved a lot of success with your creation of Micro Finance. How do MF and social business interlink?
They have strong links because MF came from the direction of something different from conventional business. We created Grameen
Bank not to make myself rich. That was not the intention at all. I created GB to help poor people, to create self-employment,
so that they can generate an income. My intention is to help people. Q: In Asia, China and India are emerging as economic
giants. They are growing amid globalization and the free market. Is it possible for them to eradicate poverty if they continue
on the same course?
A: In both India and China, the reduction of poverty is dramatic. China has brought poverty down,
down down, quite similarly in India. So even (through) globalization and profit-maximization, (economic) growth has an effective
impact on poverty levels.
But take the case in the United States, which is the richest country in the world. There
are the rich, but there still are a lot of poor people. For example, in the United States, there are still millions of people
who cannot afford health services because they are not covered by health insurances because they are all privatized.
a private economy, poor people are left out. There are 47 million people in the United States without health insurance. This
is an example (of what happens) if we follow the same procedure (of) existing capitalism. ... If the United States has 47
million, in India, there will be three times more because the population is three times as much, and in China, four times
Unless we have this completed capitalism in which both sides--selfless part and selfish part--work together
in the market, you will have this problem.
Q: Asian people have had a kind of tradition or wisdom of a so-called sustainable
economy, self-efficient economy, something like that. How can this tradition be used to eradicate poverty?
A: It is
very important. Those elements are still in our culture. This is also an element of selflessness. In the United States, that
part has been eliminated.
In a formal economic sense, if you have social business, you could express this aspect. Our
selflessness is (expressed) much more effectively than among people in the United States. This is the beauty of Eastern society.
We have those values that are very strong even today.
This tradition is very useful for social business. Because we
care about our family, we say that family is the smallest unit. Then we feel for the community ... and want to come back to
our villages when we retire ... . This is our feeling. You want to sacrifice your life to help people in your nation. This
is very strong in Asian tradition. It is very helpful.
Q: What do you expect from Japan, Japanese companies, NGOs and
A: I explained what social business is. They can play a very important role. French people can do social business,
even Germans can do social business. I am sure that Japanese will do it in a more effective way because they understand what
Today, they are one-dimension business people who see money, stock markets and nothing else. If they take off
their profit-maximizing glasses and put on social-business glasses, they would see a completely different world.
companies have corporate social responsibility funds. They can use this money for creating social business instead of just
using this money as charity. All these things can be very neatly done.(IHT/Asahi: January 14,2009)
Godwin Ehigiamusoe, founder and managing director, Lift Above Poverty Organization (LAPO), a leading microfinance
institution in Nigeria recently emerged as the winner of 2008 FATE Foundation’s Model Entrepreneur Award . In this interview
with IDRIS UMAR MOMOH, our Benin, correspondent, he spoke on several issues including the FATE Foundation’s Award, achievements
of LAPO, his mission in Sierra Leone and the way forward for the microfinance sub-sector .
with Muhammad Yunus Precisely I came into contact with Muhammad Yunus in April 1991, when I attended an International
Dialogue programme at Grameen Bank. Since then I maintained close relationship with him and his top associates at Grameen
Bank. Professor Yunus is a remarkable fellow who foresees a world without poverty, a goal achievable through access to appropriate
financial services especially for low- persons. Most leading microfinance practitioners across the world draw inspiration
from this Bangladeshi. He has special affection for LAPO and me. At a point in our recent national history, Professor Yunus
was always amazed as how LAPO could come out with remarkable performances in an obviously difficult situation.
Foundation Model Award First of all, we need to have a background to what the award is. The FATE Foundation is an organization
committed to enterprise development in Nigeria. In 2001, the Foundation instituted the award to acknowledge and celebrate
an individual who through diligence and enterprise has become a role model for aspiring entrepreneurs. The selection process
is thorough and rigorous. Over the years I have held the FATE Foundation in a very high esteem for what it does. Therefore,
it was a great honour to be selected as the winner of that award. I think it is also an acknowledgement of LAPO’s accomplishments
as well as the potentials of the microfinance sector in which I am involved. I feel good about it, it is better for LAPO and
obviously the best acknowledgement of microfinance practice in recent times.
to the microfinance sub sector It is true that we as an organization have over the years been active in microfinance.
We have taken an institutional character which reflects the ways we operate. We have demonstrated commitment to poverty lending
that is microfinance. We have also developed tested systems and procedures to do that .We have learnt from our experiences,
from our successes and even some cases from our failures. LAPO has large outreach in terms of service delivery across Nigeria
. For instance I delivered N9.3 billion to mainly female entrepreneurs in 2008. It is therefore understandable to associate
LAPO microfinance in Nigeria and indeed Africa.
LAPO and poverty alleviation We need to know
and look at what microfinance is all about. Essentially it is poverty lending, that is applying access to affordable financial
services to address poverty. Considering the volume of financial services we have delivered over the years, as well our contributions
to capacity building in the sector it safe to say that LAPO is making impact on poverty. Through provision of loans LAPO currently
keeps over 300,000 women in self-employment that owing micro-enterprises. Employment is critical to poverty reduction. These
low-income persons are enabled to send and retain their children at school, enhance nutritional status of their households
and in some cases create job opportunities for others. LAPO currently engaged 1,712 persons as its staff personnel. .
In all these, we have done very well, and this informed the attention and recognition.
LAPO in Sierra Leone This is an opportunity for me to put this in a clearer perspective. Many persons have actually asked me this question that
is why go outside Nigeria when there is huge market in Nigeria. My response has always been that we at LAPO do not see a country
as a market; we rather see country from the perspective of poverty situation and what role provision of financial services
can play in poverty reduction. Take our programme in Sierra Leone like some few nations in Africa lost of the height of what
is known as microfinance revolution in 1990s on account of civil strife. Currently there is tongs commitment of the part of
the leadership and people of that country to grow their economy and reduce poverty. After a visit to a number of countries
on the continent we felt an urgent need to support microfinance in Sierra Leone through service delivery and provision of
technical assistance to local microfinance institutions. This is what we are doing there. Out interventions outside the country
will not affect the pace and quality of our operations in Nigeria. It will have negative effects. These institutions need
support for the development of their capacity. They no longer need to go out of Africa for training opportunities.
LAPO and pro-poor enterprise I will seek opportunities to support young Nigerians who are aspiring to be successful
entrepreneurs. I will confess that my background prepare me to be involved in a pro-poor enterprise as microfinance
.I spent my years in the University besides my studies, organizing symposia and seminar on how to bring better life for the
less privileged members of our society or the masses if you like. And therefore my getting involved with LAPO was essentially
a sort of a follow up to those things I was doing in the University. But there are also some immediate prompting factors.
For example we all know 1980s was when the economic crisis actually started in this country, and by 1986 the then military
government adopted the implementations of the Structural Adjustment Programme (SAP) which actually brought hardship to our
people. It was in this setting working as a cooperative officer in Ogwashi-ukwu which is now in Delta state that I initiated
what was then known as “Lift Project” as voluntary initiative. What therefore prompted me was what someone can
be regarded as the fallouts of the implementations of the Structural Adjustment Programme (SAP). Impact of microfinance
policy I strongly believe that the microfinance policy and regulatory framework is capable of developing the microfinance
sector in the country. And there are few things to be done .For instance, there is need to look at the financing of microfinance
in Nigeria, and that means that microfinance institutions and banks will have access to funds to make loans to low-income
persons or micro-enterprises. It is obvious that low-income persons are not above to make enough deposits from which microfinance
banks to use to finance their loan portfolio. The good news is that the Central Bank of Nigeria is already taking steps in
this direction. The process should pace up as the greatest challenging for microfinance banks and institutions in inadequate
re-financing mechanisms. They need funds to disburse to the poor. Operational procedures of what institutional arrangement
or fund to come up should be clear, objective and transparent. Another area is that of provision of professional training
for microfinance practitioners. There is lack of experienced staff; therefore there is the need to support institutions as
LAPO to provide training for fledging institutions and persons aspiring to be practitioners. These are the key issues that
need to be looked into.
Role of commercial banks in micro funding. My position of this is clear; commercial
banks have no business in the business of retailing microfinance services. They do not need to set up microfinance subsidiaries
to benefit or make money from microfinance sub-sector. They should be involved in wholesale micro financing. They should rather
set up Microfinance Funds owned and managed by the banks. Retail microfinance banks and institutions can access these funds
for on-lending to their customers. This is more cost effective and it is the conventional practice international. However
some banks in Nigeria but with international ownership are already using this wholesale approach, and I know they are not
Government, microfinance operators My appeal first is to the microfinance operators, that
is investors and especially managers should strive to be very professional in their approach. Borrowers or owners of micro-enterprises
should maximize the benefits of access to affordable financial services. Relevant government agencies to support the microfinance
sector by spearheading the establishment of microfinance fund for the purpose of on-lending. Development agencies also have
a role to play. Because of their experience in other countries where microfinance has been sufficiently developed they can
also support the development of microfinance in Nigeria. Commercial banks have a major to play.
The Financial Time’s Kathrin Hille interviews Jack Ma, founder and chairman of China’s online trading
site Alibaba.com. View the video here:
Although China’s economy is so far faring better than others, domestic trade has slowed, affecting
a large chunk of Alibaba’s business – 28.7m of its registered users are in its home market. To soften the blow,
Alibaba has facilitated loans in excess of Rmb1bn to SMEs [small and medium-sized enterprises] that would otherwise have struggled
to get money.
“We do the same thing as Muhammad Yunus,” says Mr Ma, referring to the father of microcredit
Roll of Honor - Collaboration Partnerships of Leading YUnus Social Business : Bangladesh & ...
2008 *Yunus Speech celebrating Adam Smith's 250th *Magnusson Prize
awarded to Yunus in remembrance of Chancellor of Glasgow Caledonian University *Sir Tom Hunter (the Scottsh entrepreneur who
helped with origin of funding of Clinton Global Summit) cheer-leads audience - the least Scotland and youth can do to
honor you DR Yunus is to action entrepreneuruial projects 2009 *First SB entrepreneurial project: Glasgow Caledonian
supplies training staff for Grameen Nursing College meta-partnerhip (10+ partners) in Dhaka *Second SB entrepreneurial
project: Glasgow Caledonian takes responsibility for animating dialogues in changes to law needed before Grameen Scoland and
extensions round European Grameen microcredit banking can help make 2010 all youths' and families' most productive
decade *Glasgow Caledonian Principal funds the second social business professor in the world and the first Yunus
Centre outside Dhaka; Chair Cam Donaldson will focus on connections between microbanking and microhealth in poorest communities 2010 *Glasgow University principal signs partnership to develop a new economics course for use wherever places
want to sustain jobs and apply correct Adam Smith community sustaining logics *Universities across Scotland
invite Yunus capital partners to share their practices in animating youth 3000 festivals; all Yunus friends help Glasgow pilot annual
summer weekend festival geared to yunus invitation to make 2010s most exciting decade. *Journal of Social Business loans
announced with launch due in early 2011. Glasgow suggests creating 2 SB journal spaces - one for 3000 leaders to get updated
on most exciting partnerships round Yunus system world of social business; one for any academics who want to present end poverty
frameworks in as inter-disciplinary way as possible
8CP8.1Grameen Danone - partner in first new product innovation marketed out of bangladeshi villages, go-ahead for second factory approved
oct 2010 now that positive cash flow model has past testing stage; sponsor of (world's first) social business chair at HEC;
at lunch hosted by Benedict Faivre-Tavignot where first 4 global social business partners emerged; portal for celebrating
all french social business www.danonecommunities.com with brand budget to host 3000 youth events and 1500 investor events; creator of the danone social business fund investing
in about 10 social businesses