Globalisation Worries


Last year we came across a book "Vanchitone Vanotar" - a translation of the Banker to the Poor. Shri Sanat Mehta is one of our well wishers and a close friend who has inspired us to undertake microcredit finance activities based on your ideology. We have introduced your activities to so many like-minded friends and social workers engaged in such or similar activities. We have also obtained 5 copies of the English version of the Banker to the Poor. All of our well wishers have expressed their great satisfaction and opined that "Had Mahatma Gandhi been alive, he would not have hesitated to praise your activities", being deeply concerned for the poorest. After studying the activities of Shri Sanat Mehta at Baroda and inspired by the book, we have started financing rural women in a small way. We have formed "AMBA" or the Amber Ashriy Mahila Benefit Association. Our Amber charkha women are the members of this organization. They have started saving a Rupee per day and our institution adds a rupee and the fund so collected is utilized for giving small loans amongst them. We have approached the rural women of different villages in our area and have already started giving them the required finance for their household production and sale activities.

In our country today, things have started changing rapidly because of liberalisation and globalization. Production and sales of our Indian goods have suffered a lot because of the cut throat competition and low production cost of the imported items. Still we find that there is a scope at the village level to keep them engaged in production activities on a small scale.

However, we are worried for our spinners/weavers engaged in production and sales of polyvastra of 67/33 cotton-polyester fibre combination. This cloth has been accepted as Gramodyog Production and the activity was going on smoothly until recently. But because of the liberalisation and globalization, we have now started facing difficulties and we are looking for some alternate arrangement for these spinners and weavers.

We are convinced that based on the ideology that you have established one can definitely work for poor people without outside assistance. We congratulate you and your colleagues for the success you all have achieved for upliftment of the poor in Bangladesh. Your activity is an example that others can follow.

Ratibhai Gondhia
President
Young Men's Gandhian Association
"Hari OM" Jayant Society
Mavdi Plot Rajkot-360004, India

April 30, 2001.

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Difference That is Made !


I am sending you a copy of the Philadelphia New Observer, in which the Philadelphia Development Partnership(PDP) is featured. The peer lending group that is profiled in the article is representative of people that PDP assists with business development services. We want to share our pride with all of the friends and supporters of our organization and give you a glimpse of the difference that is being made in the lives of the people who participated in our programs.

We look forward to sharing more success stories with you in the future.

Jeremiah J. White, Jr.
Director
Philadelphia Development
Partnership

February 23, 2001

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Inspired and Willing


My name is Veronica Mugarza and I am from Argentina. I just read Mr. Yunus' book and was very impressed to see that someone took the initiative to challenge status quo and drive "change".

I would like your help with the following: is there some one here in Argentina that I can contact? I would love to be involved in any project that Grameen Bank may be doing here. At the same time, I am very interested in using my holidays doing any kind of activity to help the poor in the world. I thought that may be you have a program where I can participate for 2-3 weeks. I am willing to do any thing that can help both the poor or the people that are committed to the poor in the world. I am planing to take holidays in June, so let me know if there is anything I can do.

Well, congratulations for the work you are doing. I will be waiting for your reply.

Mugarza Veronica
Email: mugarza.v@pg.com

May 4, 2001.

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Sophisticated Innovation


I am pleased to send you the newly released Fundusz Mikro Bulletin. As you may know Fundusz Mikro is one of the leading micro-lending programs in Europe and Eurasia. We are proud of ourselves for having introduced many sophisticated innovations in respect of loan risk evaluation, MIS systems, loan approval systems as well as new products for our clients

Recently we have introduced a micro venture capital type of loan, which is an option for our more mature clients.

We hope that our expertise will serve other organizations and enhance the development of micro-finance industry in the region.

Agata Szostek
International Relations Director
Fundusz Mikro
agata@funduszmikro.com.pl

April 4, 2001

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 Editor : Muhammad Yunus
Executive Editor : Khalid Shams 
Editorial Advisory Board: Argentina : Pablo Broder, Buenos Aires     Australia : Shan Ali, Sydney     Chile : Benardo Javalquinto, Santiago     Colombia : Mauricio Fernandez, Bogota     France : Maria Nowak, Paris     Germany : Nancy Wimmer, Munich     Malaysia : David S. Gibbons, Kuala Lumpur     Philippines : Dr. Cecilia D. Del Castillo, Bacolod City     USA : Alexander Counts, Washington DC
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