JB's official web is http://jamiibora.org JB.net is part of the world tour of GT co-produced by editorial group members of Journal of Social Business and hi-tech or hi-trust friends of YunusConnects.com and YouthandYunus.com

 Jamii Bora KENYA Safe banking for Mobile Youth's poorestUse of crowdmapping to sustain people's trust after national election crisis  Business school for any person who wants to become most productive however personally abused, unhealthy or addicted their prior familial/communal experience Kaputei: Africa's most loved housing estate and sustainable ecovilage Coming soon - microcredit's most exciting example of community radio Since 1999, one of planet's two (1 2) greatest labs for social business labs for entrepreneurial revolutionary tests in multiple-win mapping of youth-public-private partnerships - reports on JB always welcome; partnership reports of most interest in 2011 include wholeplanetfoundation - rsvp info@worldcitizen.tv

We are writing a book on why Ingrid Munro is one if the 8 happiest economists of all time - sample profile:

Ingrid Munro is an alumni of Muhammad Yunus. As recently as 1999 she started a Kenya microecredit “Jamii Bora meaning Happy Families”. What’s extraordinary is her most productive members are youth who used to rove nairobi as gangs of thieves and girls of street. Most people including microcredit’s greatest fans had previously not been able to   imagine trusting a bank to such customers let alone such staff! But then Ingrid’s 30 years of work makes her one of the most beloved white women in Africa and youth were not going to throw way the once in  lifetime opportunity to show that in a mobile network age they can build a nation into one of the most joyous economies anywhere,   Her bank demonstrates that in out mobile age, gangs are strongly connected peer to peer networks – who given a chance find it much more smart to be seen creating things rather than destroying them. Dreams of Kenya as a leader among African nations became reality at a moment of great crisis. In Kenya’s 2009 riots, youth destroyed one of the largest informal markets at the slum of Kibera. Ingrid’s network let the dust blow over for a few days and then approached the gang leader – would his team like to be given the credit to rebuild the market and entrepreneurially take care of it properly? ...  

Ingrid Munro & the Jamii Bora story of mentoring people out of poverty from Mamading Ceesay on Vimeo.

how kenya april 2010 saved the world and empowered obama's second half aka USAID 2.0

Kenya's microcreditsummit in april 201 is the most important event of 2010s Sustainability -and Global Village - Decade to date - like any 4 month old sub-brand of what youth of 2010s need to network, it needs huge help to fill some gaps or make sure these are interconnected by the next summit it relays to - please help us with the strongest possible devil's advicacy of what's (as yet) missing knowing all the while that we believe microcreditsummit's 13 year history is the greatest testament to human networking yet seen - rsvp info @worldcitizen.tv if you have other contenders to nominate (also at twitter)

as devils advocate these seem to be huge gaps - does anyone else agree? (by the way this is the opposite of sam's fault - it is because during the stage of putting this altogether he only has 2 full time people -how could we do that to him as well as cause conflict with the wish of young people around the world to understand the true system designs of end poverty? isnt this why the greatest millennium goals network is so easy for "the system design enemy" namely macroeconomics  to subvert? )

1 wangari maathai who lives down the road in nairobi

2 irrigation (eg kickstart)

3 taddy blecher (free university)

4 inviting whomever had most influence on moving usaid beyond aid to feel this summit is there's too

5 specific link with queen sofia's demand that spanish southern speaking hemisphere learns from jamii bora and best of youth-mobile-microcredit-slums etc and africa feels welcome to learn from spanish southern hemisphere

6 specific celebrations of micro and solar energy

7 end malaria as obama's number 1 foreign assistance pledge and his fatherland as ideal national lab to end malaria

8 representation of keynote speakers in applied areas of which health is an extraordinay omission given the 2 great bangladeshi microcredits origins in that area

9 ditto lack of reprsentation of childrens schooling including gandian models, vocations and microcredit

10 lack of many womens leadership networks ; is there a greater heroine in the world today than  ingrid munro and if so why dont the half of the world that are women celebrate her? why not jaq novogratz of acumen? why not co-presidential change agent like mary robinson who oddly partners sachs earth institute but not microfinace's ecovilage;   knowing how completely microcreditworld stages including JP Morgan and world bank have exhausted Ingrid's own health we cannot assume there will be another time to do this

11 african diaspora groups from big capitals

12 lack of media and stars who could - eg those involved with the millennium goal movie http://www.notimeleft.org/index.php www.thegreenchildren.org jeff skoll, larry brilliant, bono if he's serious, simon cowell who did an advert from kibera to fund 100 mn $ for macroaid, other producers of reality tv apprenticeships

13 paul krugman as princeton's 2nd most useful man after sam

14 lack of mit, google.org or others who could connect digital/internet for the poor

15 transparency international (gee eigen is supposed to be a world social entrepreneur with drayton, yunus and abed)

16 nick stern once famous uk gov editor of end african poverty 2005; turn world bank upside down; blaiir's clmat crisis whip; who made his name studying viilages in kenya and india; also british council (fall 09 british council meeting in bangladesh where british ministers alexander and miliband asked bangladeh to take strongests position ...)

I can see Bangladesh has some infrastructure difficulties in being host for microcreditsmmit but seriously can we not market enough inveetment partners in true microcredit around suggesting to sam that microcreditsummit 2012 could be held in dhaka -this should be done after the olympics but at a time of least weather risk (or in terms of internal politics is this still not smething bangladesh government would bless); if dhaka can't do it why not lucknow in india

... OPen Mal top Wangari Maathai - if you can help send open mail please contat us at info @worldcitizen.tv

Hello Mrs Maathai's Leaderhip Team

Is there a way I could make an appointment for a telephone call with Wangari Maathai or her chief of staff?

I want to ask if she knows about the microcreditsummit in kenya in april  www.microcreditsummit.org and why many sustainability and youth networks around the world back the aim of this summit to be the most practical ever held on sustainability leadership. In open system terms, our definition integrates community rising and transparency processes connecting exponentials of economics and ecology and youth's worldwide generation.

According to humanity champions like Queen Sofia of Spain, the summit is also about supporting inter-hemisphere knowledge connections with a local hero Ingrid Munro of http://jamiibora.org who has both innovated mobile banking for youth in slums and microfinanced the ecovilage Kaputei, as well as playing a grounded role in resolving the riots crisis - eg getting the rioters to rebuild the kibera marketplace quickly and take mutual responsibility for its future opportunities to inspire youth and job creation

 After 4 visits to Dhaka sponsred by my father http://www.normanmacrae.com/netfuture.html#Anchor-Changin-27687, I am also an acquaintance of Nobel Laureate Muhamaad Yunus and he has made it clear at his 69th birthday party last June that he sees this summit (the 13th microbanking one) as being at a crossroads . Dr Yunus aims to make global grameen the number 1 sustainability parrtnering brand through the 2010s. He is asking whether future microeconomics and millennium goal empowerment summits are best done anchored around banking for the poor or around each of the different sustainability crises that win-win-win social business sytsem models can be designed round - and which youth can be mobilised to network replications across borders when invited by relevant world class brand owners to innovate collaboration

I would like to suggest that this is both africa's and the microeconomics world's poorest most important and actionable meeting, and for all these reasons it would be huge if Wangaari Mathai could attend part or all of it in Nairobi. If one reads what little the Nobel judges write on their process I think it is no accident that they have largely reframed peace in terms of proactive sustainabbility community developers and that in this category Kenyans (or those who love Kenya) have already won 2 prizes and many would argue Ingrid as a contender for Kenya 3. 

I hope you don't mind me posing this question just in case it has not already been asked from the perspective of how urgent it is to many sustainability investment or end poverty networkers I know


chris macrae

washington dc 301 881 1655

fans network http://www.jamiibora.net

www.worldclassbrands.tv www.developmentpartners.tv  

chris macrae dc 301 881 1655


can you tell me do you have connections with http://www.jamiibora.org/ or the coming microcreditsummit http://microcreditsummit.org/ of 2000 people in kenya in april 2010?

chris.macrae @yahoo.co.uk

for those who haven't heard JB's leader Ingrid Munro speak - this presentation at the world bank 2008 is a good first experience


the last slide 63 is useful for americans and europeans to ponder

usa was built by europe's poorest entrepreneurs including 1 million of then 3 million swedes who emigrated between 1850-1900 -why should Kenyans or the poorest anywhere have any less job creating  capability if we credit their sustainability & web their youth communities with social business system designs?

In a sensible CP3 world Yunus Olympics festival would build on
Whatever global grameen summit 2010 connects
Other micro up or collaboration partner events

As well as feed in to the milan 2015 whose mayor has already been booked by yunus as likely to be number millennium goals SB festival; .

Thanks for your Question and Answers

Q is rumor that mayor of milan convening social business milliennium goal festival 2015 official and if its not oficial is to right to talk about it
A well I can tell you my attitude about this though I would like feedback  what de bono calls pluses minuses and questionmarks

Yunus India Parliament Speech

Dreams are made out of impossibles.  We cannot reach the impossibles by using the analytical minds which are trained to deal with hard information which is currently available. These minds are fitted with flashing red lights to warn us about obstacles that we may face.  We’ll have to put our minds in a different mode when we think about our future.   We’ll have to dare to make bold leaps to make the impossibles possible.  As soon as one impossible becomes possible, it shakes up the structure and creates a domino effect, preparing the ground for making many other impossibles possible.

We'll have to believe in our wish-list if we hope to make it come true.  We'll have to create appropriate concepts, institutions, technologies, and policies to achieve our goals. The more impossible the goals look, the more exciting the task becomes.

Fortunately for us, we have entered into an age when dreams have the best chance to come true.  We must organise the present to allow an easy entry to the future of our dreams.  We must not let our past stand in the way.

11 meetings ago when I first met yunus, I volunteered to spread rumors of what’s possible http://rowp.tv/ ; for me many of the ideas over 5 to 7 years that micro people commit to turn out to be exponentially better than expected;

Bangladesh will create 100,000 solar energy jobs in the villages well before 2015 and already installs more solar units than the whole of the usa (against which those who cheered on yes we can a year ago could urgently be asking where are the maps towards 5 million green community jobs I recall obama pledging; why dont american state governors tour bangladesh until they get it; why do we pay them tax until they get it?) http://grameenenergy.com/ -how can we help with tours of dhaka is en route to every sustainability city is a question I ask every time I visit yunus in dhaka


Nations who send 36 social business delegates (thanks France) to see yunus at a time are at the leading edge of being in what adam smith would now call the collaborative advantage of nations –global grameen collaboration partner type 7 on the way my 12 year old and I map the world of global sustainability partnerships; if we can’t get nations above zero sum before she is 21 in an age spinning hyperconnectivity we are all toast

 and they need gossiping to get people to congregate around them and make them happen; this is part of the missing media we don’t have since most media is used to control not to collaborate; except on projects I am intimately involved with, I don’t mind getting (egg over my face) by  more rumors slightly wrong as long as some positive impetus happens to ones that turn out to be right because we all get behind them the earliest we cold contribute; moreover when I first started marketing the job of a marketer was to throw out lots and lots of concepts until one hit a positive nerve with all sides and that was the one people went with; this is an opposite but in my view thousand times better way to market than expensive advertising spots

2 at the end of the day spreading is there a loss to anyone apart from perhaps myself of spreading a positive rumor that doesn’t happen in exactly the place described; I suppose it depends partly on the style in which the rumor was initiated, so I take the point that I should infer a probability not a certainty to things

well what is near certain in my mind about millennium goal social business festivals

firstly if yunus is alive they will happen; gee its the biggest year on the calendar of the 2010s given his 15+ year support at centre of millennium goals; whether its going to happen in one city of be a bit like his race to poverty museums of every city be something where it doesn’t matter so much who does the best as long as many try

3 in this particular case the mayor of Milan made a video conference broadcast to the first 100 alumni of global grameen in which I understood she said it was happening as long as she had anything to do with Milan in 2015 : I guess I better see if I can you tube her announcement some time so we can review if I understood the message correctly

again in all of the above if I got the wrong end of the message - silly me; but come on each of us is targeted by ate least 1000 commercial messages a day; and the vast majority of those are in fact not good for us if we get the right end of the addictive message; so quite frankly if I can rebel against practices in my own profession of mass media, I will I will I will. In fact I have for at least a decade know and edited journals of how to do get positive global news out at next to no cost while big advertisers often spent billion dollars a campaign to get news out that isn’t good for you – do you know how much  worlds 100 biggest north western banks spent promising you they were as safe as houses –answer multiple trillions of dollars; do you know how many trillions of dollars pharma companies spend with the consequence that more than half of what they sell in many brands wasn’t needed by customers at all; we live in an age where media is quite capable of ending the sustainability of all of us unless we be the media of good news in any way we dare not to lurk

ok this message is written a bit like an oxford union debate where I am putting the motion on one side ; if someone wants me to circulate their voicing of an opposite motion please mail us

www.wholeplanet.tv   washington dc bureau               301 881 1655         301 881 1655

--- On Tue, 29/12/09, christopher macrae <chris.macrae@yahoo.co.uk> wrote:

http://yunusolympics.com eg 1 clean energy; 2 end nurseless communities; 3 create billion jobs with new tech and youth; 4 turn education bottom up;
peter Your contribution to USAID virtual dialogue on this transparency-destructing area of globalisation distortion is a really big one; I was quite upset I couldnt get into yunus berlin day hosted with peter eigen ex head of transparency international but they called themselves some private berlin club
none of us have the experience of battling the world bank and other elites as regards africa that you have; and when for example you say in prior mails that the major systemic concern of the world bank these days is to fund the enormous pensions now owing to the bubble of staff who are retiring, it seems to me clear that government to government institutions are the greatest macroeconomic wastemakers blocking end poverty's race
do we anywhere have 3 or 4 people who as a group share your argument and life experience context?; I am in so many system changes think-panels that I dont want to be in this one; it annoys me a hell of a lot that there is such system waste but there is no way I can argue it politely
I am making an assumption that londoners will be asked to form abouth 12 olympics sb festival panels and to make sure that all their ideas are animated, co-published, web-networked coming together in summer of 2012; this is both a long way off and not at all a long way off if all panel's ideas are to be worked out in a way that make sense to them and other panel members
we do not know if yunus will give us overall coordinating authority of such panels; if we ever do get the green light then this panel question will urgently need to be formed if a panel of this elite transparency is to be one of the things londoners sb festival animates
if  understand correctly yunus collaboration gameboard most matching peter is yunus call to start an asian union on a micro up model that is every way the opposite of the euro union or world bank or united nation models -see left column of http://collaboration11.blogspot.com/ for yunus india speech that majored on asian union
I dont know if anyone circulated or whom I could have circulated ultmately feels in the same area as I interpret peter to be; if so please communicate with him particularly
Peter we had that day when we both met senior guy from oxfam usa and guy who networks diversity interests through world trade sites- are these people to try and get on this panel
chris Macrae DC                301 881 1655         301 881 1655                301 881 1655         301 881 1655 http://transparency.tv/
ps if you look again at this picture
CP3 Take a time out for World's greatest Social Business summit at london Olymics 
what welcoming panels can Yunus friends  & London 1 2  assemble now - rsvp info @worldcitizen.tv
.Royal Hunt of Sun Panel
End Nurseless communities panel
21st C BBC War reporting from scottish missionary in Africa family tree lens
 Which is a first attempt to explore how collaboration partnering is the biggest competitive advantage of all in a network age then I conclude what will happen isn’t really down to the efforts of the first 100 big partners yunus signs but how we the people cheer them on; if yunus is known to say that the power is actually with the poor, then most definitely the power of global media is with every citizen; do we let it control us or do we celebrate dreams we will turn into realities – you have to choose but I think I know which way yunus hopes you will choose (but do please understand if I am wrong mea culpa, its not the fault of any friend of mine; I assume to my last breadth that one learns by making lots and lots of mistakes provided always they  were intended in good faith; again maybe that epitaph applies particularly to my profession people of media people, and if most media people disagree with that then in my pinion they have lost the hippocratic oath that media professionals ought live by)

7 Wonders of Yes We Can's WholePlanet Networking 1 2

Kenya's Jamii Bora is a top 7 destination of MicroLeadersQuest student clubs across America interested in connecting Obama Yes We Can, Millennium Goal networks, community building and microentrepreneurs. These are some reasons for benchmarking Jamii Bora - please mail info@worldcitizen.tv others

Jamii Bora, Kenya.Safe Banking -uses mobile technology to be one of lowest costs to operate deposit account in world Most economical health insuranceBusiness School for Any Hard Working PersonWorld's Most Loved Housing EstateComing soon WholeFoods?Unitus Coffee Fair Trade

 Inauguration week 2 of Yes We Can Presidency see US visits from world leaders of ending poverty

Ingrid Munro, Founder, Jamii Bora, Kenya

.Munro, at JP Morgan Manhattan HQ, 26 January 2009 (week 2 of Yes We Can Inauguration)


Presentation by Ingrid Munro, founder of Jamii Bora in Kenya.  Munro is a revolutionary social entrepreneur, changing the microfinance landscape in ways that shatter conventional wisdom and open an array of new possibilities for empowering the very poor.  With some 200,000 members and a staff consisting solely of former clients, Jamii Bora has successfully made loans to people who are now former beggars, prostitutes and thieves; developed a home-grown health insurance program serving more than 300,000 people, and is building a new town of 2,000 houses and 3,000 work spaces.  As Munro says, “Every person’s dream is to move out of the slums, not patch up the slums.” 

Wednesday, January 28, 20099:00-10:00 a.m.The World Bank (Main Complex), Washington DC

 New York January 26 : Ingrid Munro & Muhammad Yunus present humanity's greatest news of the millennium - Hosted by JP Morgan 383 Lexington Avenue

Greatest Happenings of our generation

info@worldcitizen.tv is interested in hearing your nominations of the greatest happenings of the computing generation 1980-2025. Early on our economics editor nailed his search to ending poverty - not just because it was the right thing to do but because with death of distance's ever more connected age gaps in incomes and expectations of rich and poor nations would become mankind's greatest risk to species sustainability

Our top 3 nominations for ending poverty are all interconnecting:

1 The Bangladeshi Microcredit Revolution which begun around Muhammad Yunus with the formal opening of Grameen village bank in 1983

2 The emergence of Jamii Bora- Africa's leading role model for microcredit which emerged in Kenya in the late 1990s

3 The election of Kenyan-American Barrack Obama whose mother was one of the pioneers of microcredit in 1980s Indonesia and womens world banking.



& Jamii Bora (Kenya)


This web logs Jamii Bora's progress. In common with all the world's deepest microcredits, Jamii Bora is about empowering every community to rise sustainability out of poverty as well as the greatest collaboration maps -part of how rising microcredit replicate what works as soon as they find a solution to a life critical service

Jamii Bora is also different from Bangladeshi microcredit in that it empowers youth and orphans from Kenya's slums  to become microentrepreneurs whereas diagnosis of Poverty's challenge in Bangladesh focused around women vilagers. This means that many of the innovation foci of  Jamii Bora are new to the world and can be replicated in paralel programs. For the first time, Africa offers its own world class sustainability models. One which proves network loyalty of banking members can work in urban districts as well as rural ones. One which has been born since the mobile empowering age. This makes JB's operations one of the lowest costs per bank deposit in the world

The macroeconomics rule over Americans in the 00s has compounded a sadly slow focus on millennium goals. But here's the chance to catch up. See what impossible becomes possible solutions can be test marketed in partnership with Jamii Bora but with ten view to replicating successes to analogous communities in need across the continent. The most specific of Obama's pledges to bend the curve back to millennium goals involved ending death by malaria by 2015. We'll bet a few dollars with anyone that if that's going to happen then Kenya will be the first test country supported by all the knowledge circulation that a peoples community network of jamii Bora's courageous brilliance can help all  rejoice YES WE CAN

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Saturday, February 7, 2009

How microcredit youth regenerate liverpool or glasgow -yes we can
1 david weir and sir tom hunter go and get a debrief from ingrid munro in nairobi -sam daley harris can help if you are sure you want to (and wow a few 19 year olds americans might like come and observe, as might a few from transition team DC) -the whole event can be the next youtube (and more important to the future of the bbc than olympics 2012)
2 this is the way I have heard how Ingrid designs JB model but obviously it has more youthful  subtleties, and obviously I am just one old listener http://jamiibora.net  or her 8 minute segment within 85 minutes of sam, muhammad and her training 200 people at jp morgan in manhattan last week http://accordent.powerstream.net/008/00111/2009%2DIB%2DMicrocreditSummitCampaignEventWithProfMuhammadYunus%2D880863/f.htm
 on the power of spreading human interest stories instead of spreadsheetng compound erroneous numbers
-start with a city's most trusted person among 50 down and out youth 14-19 (preferably young juvenile delinquents who only want a smarter sales type job) - that trusted person who dares become their bank ,and which other funders will collaborate around because she has a deeper relationshipm with youth and community building
get most of them started in businesses but the one that most attracts all the others make him the ceo of customer recruitment for the bank
make sure that every youth member of the MCI tells every other youth you will never get another chance like this; if they need something else apatt from peer to peer mentoring on running a small business like anti addiction programs provide that - jamiii bora runs an alcoholic anonymous service; if they want to pull down housing estates and build a new ecovillage in the city, jamii bora does subsubprime as indeed did grameen from early days-never lost a housing loan yet (more subtly in grameen  housing loans were given to the wife; in 1970s muslim culture a man could marry many times; he only had to say I divorce you 3 times for the woman and children to have to disappear from whta he owned; but if she owned the hut then he had to go if he uttered thrice)
open up savings acccounts in parallel to paying off their microloan - the reasoning is once you have 10000 they can jointly decide to take over one local buisness with their microsavings -of course you may not be as lucky as grameen members who took a bet that a world bank forecast that bangladesh market for mobile phones would be a maximum of .25 million and this acquired what is now bangladesh's biggset busiess at under a thousandth of what it might have cost-on the other hand when the world is looking out for the best investment your poorest community could make, maybe internetworking magic happens
all the transaction data of banking is captured on jamii bora mobile system - involve those parents who want to see their young regenerate the place; do this first and all the best partners that have ever done micro-something will come and celebrate your youth; the paul mcartney trained yunus pop group will happily come back to celebrate bheir alma mater rock; who knows maybe even simon cowell will graduate from image-led american idol to end poverty idols as the bbc was expected to do in 1984 but has visibly failed to define the responsibility of the world's largest social business of mass media http://www.normanmacrae.com/netfuture.html#Anchor-Changin-27687
if you start with the right epicentre all else self-selects itself (incidentally paris is starting a microcredit bank for its poor but I am not sure they have  yet exchanged with jamii bora- a chnace to swap mbas across the channel as HEC is the first place with one)
as I say an entrepreneurial billionaire for the poor like sir tom hunter can add much more depth of nuance than my poor brain, but the good news is letting goodwill multiply is always simple - never ever ever govern over -let there be intrapreneurial self-goverannce in the community; if this means dismantling a place's normal tax or other professional constituions at least within the free market spaces of ending poverty networking round this microcredit let it be; after all converting from 50 to 500000 unemployed youth into businessmen is the best fillip government finaces will ever get
all training within the system is peer to peer; all staff of jamii bora come from the membership
I am delighted if anyone who knows JB helps us iteratively re-edit above; neither Ingrid nor I wish to spend a minute debating a theory which comes from some conventional wisdom context outside JB's systems own need to evolve. Doubtless this makes the politics of letting a liverpool jamii bora fly huge but some other team should act as the buffer for that not the people working or serving liverpool's JB
breaking news from Tom Tolman one of 50 under 25's at GWU who love micro most http://prosperlending.blogspot.com/2009/02/muhammad-yunus-speaks-at-george.html

Muhammad Yunus speaks at George Washington University (transcript)

Last night Mohammad Yunus spoke to a sold-out crowd of 1400 at George Washington University. Earlier in the day he visited visited with the Federal Reserve Chairman Ben Bernanke and the International Monetary Fund. He spoke about those visits as well as his recent trip to the World Economic Forum at Davos.

Yunus spoke for about 30 minutes then took questions from the audience. The event was hosted by the university and Hooks Books. Yunus' newest book, Creating a World Without Poverty: Social Business and the Future of Capitalism, was just republished in paperback with new material and he stayed to sign copies.

The following are my notes from his speech and the question and answer period which followed. It is not an exact transcript. I paraphrased some and couldn't hear everything, but this should give you a pretty good idea of the tone and content of his message.

Good evening.

I didn’t think there would be such a big audience here.

I thought everyone in this town was busy doing the bailout package. (laughter)

They wouldn’t have time to come here.

I had a good day today. I spent the whole day today here starting out with a meeting with Fed Chairman Bernake. I did that to update him about the work we have been doing in this country.

This is my second visit with him. I met him in October 2007 and at that time I was trying to explain the importance of microcredit to him in the USA. He knew all about microcredit. I thought we should start a microcredit program in this country – a prototype which could be expanded later. And he gave all his support. Go right ahead. Any support you need from us we will give it to you. We talked about creating a legal home so that we can use that legal home to create an organization. It is important that we have the legal ability to take deposits. If we can take deposits then it becomes easy to raise money.

We created a program in Queens last January. [see Jessica's recent report about Grameen America] At the inauguration of the program there were lots of journalists. One journalist asked why we chose New York City instead of the villages like in Bangladesh. My answer was we deliberately choose New York City because it is the capital of world banking. New York City does not, however, bank with its neighbors. The people that live there do not have access to financial services. It is important to have a small example to break fear. We follow the same principles – five women forming a group, weekly meetings. The average loan size is $2200. Repayment is 99.3%. This provides an interesting contrast. The women in New York take loans, without collateral, without any lawyers and they pay back every week. For one year they have been doing it.

Then the big banks. (laughter)

I remember my first encounter in 1976 with the bank manager. He kept trying to convince me the bank couldn’t loan money to the poor because they were not credit worthy. Now I think it is a good time to ask the question – who is credit worthy? (applause)

And then I went to IMF [after visiting with Ben Bernake today]. I also recently went to [the World Economic Forum] at Davos…I took the same message to IMF. The deep [economic] crisis is also exciting. It is an exciting opportunity to create a new normalcy. When we get out of this crisis what kind of normalcy will we have – the old normalcy or something new? Please make sure, today, right now, that we create a new normalcy. People wonder what this new normalcy will be. The financial system will be built in such a way that in this country there will be no payday loans. (applause) People can go to the bank and borrow money without paying 500%, 700%, 1000% interest. It is such a disgrace to see payday loans all over the cities in the United States. What a gaping hole the banking system has left behind.

The new normalcy will be that everyone in this country will have the right to open a bank account. There are millions of people without a banking account. To get a check cashed you have to go to a checking company which takes a large percentage of the check…nobody should be denied service.

There will no longer be a financial apartheid where people are denied service. You cannot say anymore that it cannot be done. Why not create a financial system that works for everyone?

We deliberately created a system that is focused on the beggars. We have 100,000 beggars in the program. It is not complicated. All we do is go to the beggars, talk to them, and see how they make their livelihood. We suggest to them –as you go from house to house will you carry some merchandise with you? Some food, candy or toys for the kids. Give people options – let them buy from you. We make it sound very easy – you are going there anyway. They immediately see the point. And we started giving money to them. We started four years ago. In those 4 years more than 11,000 have stopped begging. (applause) They are now successful door-to-door salesman. Some are personal shoppers…the other 90,000 are part-time beggars mixing begging and sales. They are very smart. When you talk to them they explain which houses are good for selling and which are good for begging. They never went to business school but they understand market segmentation. (laughter and applause)

Everyone has an ability. It doesn’t matter if you are a beggar or a big businessman – everyone has an ability. The one who starts at the bottom struggles and cannot move up. Some do not even know they have ability. Everyone carries such wonderful gifts inside of them – gift of creativity, gift of innovation, gift of entrepreneurship…

I talk about this when I see the differences in the families of Grameen members. We give them loans to continue with higher education. We have students in medical and engineering schools. Students whose parents never went to school…

Who creates poverty? The poor do not create poverty. Poverty is created by the system. The system we designed. The system we work with. That’s what creates poverty. It is not nature. It is the exact opposite. It is artificial. People have unlimited potential but we don’t go that way. All these policies and concepts that we promote [create poverty].

Why should financial institutions make up their mind they cannot do business with you? It doesn’t make sense. Let us now decide who is creditworthy.

One concept I try to explain in the book is the concept of business. One interpretation of business is profit maximization. We interpret human beings in such a narrow way, as if human beings are money making robots. Human beings are so much more than that. There is selfishness in us but we also have selflessness.

…Why cannot we create another kind of business? A social business. A business where our goal is to change the world, not to make money. If we give money to charity the money goes and never comes back. With a social business the money recycles and with each iteration produces more benefit at every turn.

We have created several social businesses. We created a plan to create yogurt – a social business. We put the nutrients children need in the yogurt and make it very cheap so everyone can buy it. Experts say if a child eats two cups of yogurt each week for 8-9 months a malnourished child will become a healthy child. In a profit making yogurt company, the CEO would ask how much money we made this year and how we can make more money next year. In a social business the CEO will ask how many children got out of malnutrition this year and how many more children can get out of malnutrition next year.

Another social business [we created is] a water company. Bangladesh has a serious water problem. Almost half the water is poison. We created a company to create safe bottled water. It costs one penny for four liters so everyone can afford it and everyone has safe water. The social objective is to bring safe water to the people.

We recently had a discussion with a major shoe company about how to create a social business. You create a motto. And you believe in it. That motto is that nobody in the world should go without shoes. And make it happen. Yes, you can make shoes for the poorest at a low price. Keep the cost under a dollar with your brand name. That would send a big message. And continue to go down [in price] and never come up again. And make it a green shoe so that no material in the shoe will make any kind of pollution problem.

And another company [that came to us] is a car company. They want to do a social business. We gave them a challenge – why don’t you make a very cheap car. And not only that – base it on a green engine. It will be a multi-purpose engine. You can take it off and use it for irrigation or to generate electricity or to use for a boat. They are working with designers and engineers to see if they can do that.

Health is a big problem – not only in this country but in every country. The bottom half do not have access to health care – private or public. Medical science can be applied to help people have good health. A health care social business could be created to give everyone access to health care.

So, if you change your concepts there is no reason people should be poor. If we block that road it cannot come. Then, no poor.

Poverty does not belong in human society. Poverty belongs in a museum. And that is where we should put it and it will stay there. (applause)


Is it harder to implement microcredit in the United States than in Bangladesh?

It is harder in the United States due to the legal structure. Welfare laws require the poor to report each dollar they earn so it can be deducted from their check. It does not make sense. If you make a dollar the government should match you with a dollar.

How do you approach poor women who are reluctant to become involved in microcredit because they do not believe they have the skills or potential to become entrepreneurs?

The real trick is to create an example. You cannot change their mind right away. If you can create one example to break the fear then the others see that. Then everyone becomes curious – how did she do it? I can do better than her.

What advice would you give to a group of George Washington students here who are trying to create a social business?

Young people like you can start a business. If you cannot start one, then design one. Look at the problems and decide which one you want to solve. For example, set a goal to bring 100 people out of welfare. And design a solution to the problem. At first it may seem impossible but you can do it. Microcredit seemed impossible but now it looks easy. If you can get 100 people out of poverty then you can get millions out of poverty by planting that seed.

What abuses do you see in the microfinance system?

You can say microfinance and not do microfinance. Some require collateral. Some due not target the poor. Some microfinance organizations charge exorbitant interest rates – rates similar to loan sharks. Loans should be for income generating activity. Some give loans for consumer goods such as refrigerators and televisions. This is not microfinance.

In your book you propose a rating system to determine which ones help the poor and which ones don’t. In the year since you wrote the book has anyone come up with such a system? [note: this is my question]

Oh yes. A big organization is coming up with that very system. It will tell you exactly what interest rate is charged, conditional fees and so on. Yes, we will start seeing the results of that from this organization.

What is the best way right now to determine the best organizations to contribute money? [my follow-up question]

One way would be to contact that organization to choose which one you want and they will give you the results and then you decide which ones you want to give your money to.

I run a microfinance organization here in DC. It seems the lack of transparency is one of the biggest challenges in our financial industry and particularity in microfinance. I understand Grameen has a very high repayment rate. How does Grameen calculate repayment rate?

If you do not pay back your loan in the period in which it is due then you are overdue. This is all explained on our website. The definition which we use to define overdue is explained there.

What are the edges between commerce and the ecosystem?

We need to figure out how much of our resources are for our generation and how much is for future generations. We need to spread our resources over as many generations as possible.
The real objective is to make the world safer than we found it. And the next generation will make it safer.

Grameen Dannon is a small company. The total investment is less than $500,000. We designed it as a social business. When we started I asked what kind of container we would be using. They showed me. It was plastic. I told them we did not want plastic in a social business. They were surprised. They told me they use plastic all over the world. I told them we want a biodegradable material. They said they did not have a biodegradable material. I told them they better find it. (laughter and applause)

So, about three months later they came back. They were very happy they found a biodegradable material to use in the cups. I asked what it was. They said it was cornstarch and they found it in China. It looks beautiful. I asked if I could eat it. They said why would you want to eat it? I said because poor people are spending money on it. They don’t want to waste money. Why can’t you make edible cups? And put nutrition in it? People will eat the yogurt and then eat the cup. And they could not figure out how that could be. I told them when I get ice cream I get an ice cream cone. I eat the cone. They said this is not ice cream. I told them the scientists need to work on it. They told me it will take a year. I told them they have six months. So, they are working on it.

You have to raise the question. The scientists in Paris are very happy to have the challenge.

--- On Fri, 6/2/09, dweir@<dweir@> wrote:
From: dweir@ liverpool hope uni Subject: Help Please

Dear colleagues;  here in the UK the economic realities are starting to bite and the authorities
                  are even turning to the Universities!! At present we have an opportunity to bid for some Government money for programmes/projects
                  to assist businesses through the economic downturn. I would like to put forward a programme to support the needs of  micro-credit,
                  micro-small business and our agenda and to get our thinking as a University into this sector.   Meanwhile what I should like
                  to receive help from you is a check list say 5-7 Bullet points of the kind of training/development/ re-skilling/business support
                  programmes that could in your experience be of most definite benefit to this sector....and of course what in specifics a University
                  Business School can and should do to help, support, move on and change the direction of the economy.  
1:56 pm est 

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2008 Thank Goodness For Cool Heads at JB 
.Kenya had months of post-election violence in 2008, and it also had some success stories about conflict resolution. I've written in an earlier blog about Jamii Bora Trust in Kibera, Nairobi's largest slum, perhaps one of the largest in Africa. Here's a short video which shows how Jamii Bora's branch manager for Kibera, Andrew Otieno, got youths who looted and burned Toi Market to rebuild it, then rebuild their lives through getting training and loans from Jamii Bora.
The sound quality is poor, so look out for these points:
  • a member talking about how she'll use her loan in her catering business
  • Andrew about how he increased the membership at Kibera branch from 7k to 50k from Jan. to Nov 08
  • John, the ex-Rebel Leader, about how they looted, then burned the market
  • John and Bernard about how they couldn't believe that Jamii Bora would give them a chance after they had destroyed the market
  • John and Bernard about their box-making business and how they now have a stake in society

A miracle brought about by the 'whole community' approach at Jamii Bora Trust!



entry log from meeting 2 Ingrid Munro 28 Januray, world bank washington dc
I.M.- at my house I have a security guard in the evening; and intermittently he became one of our larger borrowers; and we didnt know quite what he did but since he always repaid we trusted him; then I found out that once every 4 months he goes back to his homeplace which is in the far north of kenya on the border of ethiopia; and gets his wife to run a small microcredit up there; the people in that region have just come down to nairobi asking why they cant have a formal brach of jamii bora and I had to say I didnt even know that they had an informal one - but of course they can use our mobile technology and we can connect fully all our social business franchise replications

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