Apr 07 2009
Radical Thinking and Social Entrepreneurship
Recently I was sitting at the pool, wasting time and listening to a broadcast on PRI (Public Radio International). The subject was Social Business Development. The speaker was 2006 Nobel Peace Prize winner, Muhammad Yanus of the Grameen Bank in Bangladesh. The bank has its focus on the poor and small loan programs with significant impact. I was amazed at the statistics he was discussing. 98% of the loans his bank gives out are repaid in full. They set up a personal relationship with each of their borrowers. They assist and advise each of them and follow up with support as needed. Most of the borrowers are poor women, eager to start a small business that will help them and their families get out of the grip of poverty.
Recently the bank began a program for beggars. They determined that as long as beggars were going house to house trying to get food, they might also carry along a small item for sale i.e. a toy for a child, or a small household item that might be useful. Continue Reading »






