.............................................................. 11 1 HAMIDREZA MAGHAZEH 110033960 CONCERTIVE CONTROL SYSTEM 2013 How would you describe the system of control in the Grameen Bank? Muhammad Yunus‚ an economics professor‚ thinks that the poor have skills that remain unor under-utilized‚ mainly because current institutions and policies fail to offer the support these people require. He founded the Grameen Bank in 1976 to supply credit to
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References: 1. Yunus‚ Mohammad.(2010). Building Social Business: The New Kind of Capitalism That Serves Humanity’s Most Pressing Needs. 2
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Banker to the Poor: The Autobiography of Muhammad Yunus Author: Muhammad Yunus Copyright: 2003 Introduction Banker to the Poor narrates the life of Muhammad Yunus and his conception of the micro-lending institution‚ Grameen Bank‚ to provide help to the poor. Yunus had a dream of providing help the poor to be able to help themselves. He believes that if the poor can receive financial help in the form of very small loans and are taught some basic principles of financial management‚ they will learn
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Mohammad Ali. (International celebrity and heavy weight champion). Date of birth: January 17‚ 1942. Me: Mr Ali‚ it seemed you tried to dodge the draft‚ why were you against America fighting in Vietnam? Muhammad Ali: I wasn’t trying to dodge the draft; I was doing what I felt right. How could I travel to Vietnam to help murder‚ kill‚ and burn other people to simply help continue the domination of white slave masters over darker people? That was the day and age when such evil injustice must come
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In Candace Allen’s article titled “The Entrepreneur as Hero”‚ she introduced that every society needs heroes. First she said that heroes go to the unknown. Second is the encountering of the hardship and challenges. Third is the return with something new. The author tries to compare the pattern of the hero to the entrepreneur‚ finding themselves in a difficult situation then finding ways to get a solution. Furthermore‚ she also mentioned that “The heroic entrepreneur will continue to anticipate what
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SWOT Analysis Strengths: 1. Creator of service himself has a personal experience and feel of being with the customers. Muhammad Yunus himself being a resident of the Jobra village knew exactly the problem that the community was facing and hence he could very well cater to the needs of the destitute by providing them tailor-made lending services which can maintain a balance between their earnings and repayment rates. 2. The biggest strength of Grameen Bank lies in bringing financial services
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describes business as an obligation or worry. One could say the definitions are “all work.” On the other hand‚ when one looks up the definition of social business‚ words like new‚ future‚ and sustainability are associated with it. According to Muhammad Yunus’ seven principles of Social Business‚ the number one objective of social business is to overcome societal problems (cite). This begs the question of whether or not free enterprise can be preserved while people are granted equality‚ capitalism
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his name was Muhammad. Muhammad was born into a poor family in Mecca‚ but spent most of his childhood being raised by Bedouin relatives in a different town after he was orphaned at the age of six. His uncle Abu Talib brought him under his wing and taught him to be a successful merchant. When Muhammad was about twenty years old he moved into Mecca and began trading for widow named Khadijah. Through the next five years Khadijah became aware of how reliable and resourceful Muhammad was and proposed
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apply for traditional loans due to lack of credit history and/or collateral. Micro-financing is a great tool to create venture capital for those who would have no other means to secure it. The primary goal of micro lending‚ as established by Muhammad Yunus‚ the godfather of microcredit‚ is to eliminate poverty by means of giving all the opportunity to be self-sustaining with long term solutions. The principle of micro financing is the mutual benefit of relationship between microfinance institutions
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Examining the Success of Microcredit in Bangladesh Microcredit‚ which provides small loans to those in poverty‚ has rapidly increased in third world countries‚ such as Bangladesh‚ over recent decades. Muhammad Yunus‚ who started a lending organization called the Grameen Bank‚ developed this program in the 1970s. There has been a great amount of success in reaching millions of borrowers‚ most of whom are women. The loans are often provided to pay for start-up costs of small businesses‚ and
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