Prof. Latifee Wins Business Week Stars of Asia Award 2001

 

The Managing Director of Grameen Trust Professor H.I. Latifee, is among the BusinessWeek's 50 Stars of Asia, selected for helping transform the Asian region at a time when most of the continent has been struggling against the economic crisis. According to Business Week "The 50 men and women are beacons for a better tomorrow".

The Business Week in its July 2, 2001 issue divided 50 Asian stars into six categories - policy makers, managers, innovators, financiers, entrepreneurs and opinion shapers. Professor H.I. Latifee was selected as a Star of Asia because of his leadership in the field of microfinance.

The Stars of Asia were honored by Business Week in Kuala Lumpur on 27 June, 2001 at which Mr Fidel Ramos, the former President of the Philippines, was the chief guest.

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Grameen Trust Provides Critical Support to Microfinance Initiatives

 

"Grameen Trust, which is committed to the cause of poverty alleviation through Grameen way of microcredit provision, has given financial and technical support to 105 replication partner organizations in 34 countries, including 79 organizations in 12 countries of Asia. It has provided technical assistance to many more partners working in different parts of the world.

With the critical support from Grameen Trust, Grameen partners have significantly increased their outreach on a sustainable basis. Two of the Asian partners such as CARD in the Philippines and NIRDHAN in Nepal have become full-fledged banks for the poor. Many others like Pro-Mujer in Bolivia; RDI in China; ASA, GBUP and SHARE in India; MKEJ in Indonesia; KRT-WID in Kyrghyzstan; KGMAMF in Kosovo; AIM and YUM in Malaysia; GBRP in Myanmar; LAPO in Nigeria; CSD in Nepal; KASHF in Pakistan; ASHI, PD and TSPI in the Philippines; CEP Fund and TYM in Vietnam, have made significant progress in serving the poor with financial services and helping them to overcome poverty."

From a statement by Professor H. I. Latifee at the Tenth Annual Asia Leadership Forum, June 28, 2001, Kuala Lumpur, Malaysia.

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Grameen IT Park Launched

 

The GITP, the first ever IT Park in Bangladesh, will contribute towards the rapid development of the IT sector in Bangladesh. Located in the top 12 floors of Grameen Bank head office in Dhaka, with120,000 sft. readily available for rent, it provides a secure and conducive environment for IT firms. With the latest equipment from Sun Microsystems and Cisco systems, the GITP will provide high-speed VSAT services through a fiber optic backbone and leased telephone lines to all its clients from mid July 2001. Thus, IT firms can maintain secured data centres and utilize high speed broadband services. GITP will also provide a state of the art conference room, meeting rooms, restaurant, a gymnasium and 24 hour auto-standby generators.

Already GITP has housed three foreign ventures. Various foreign and local companies are also showing their interest to acquire office space in the GITP. Metrocomia South Asia (MSA), a joint venture with Grameen Software Limited, Aztec and Metrocomia Scandinavia Aps, a member of the Catenas Network which has 39 offices in Europe, USA, Africa and Asia, was formally launched on 23rd June 2001. MSA will provide Internet and e-business services to its clients in Bangladesh. Global Accestel, a joint venture amongst USA, India and Bangladesh, is another client of GITP. Global Accestel is the first Application Service Provider (ASP) in Bangladesh. It will provide support services to quite a few companies both here and abroad. Another tenant of GITP is Sakon, a global telecommunications firm that will provide telecommunications services and support to firms located in Dhaka.

GITP was set up in the Grameen Bank Complex because the building was ready and it instantaneously offered many facilities. GITP is a joint venture amongst Grameen Fund, Grameen Kalyan, Grameen Software Ltd., Industrial Promotional and Development Company of Bangladesh Ltd. (IPDC) and BASIC Bank.

Visit GITP website: www.gitpark.net for more information.

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Venezuelan President Visits Grameen Bank

 

President Hugo Rafael Chavez-Friaz of Venezuela, while visiting Grameen Bank observed that most Latin American Countries were encountering hazards like terrorism, drug trafficking and violence due to omnipresence of poverty. "The inappropriate growth of capitalism in Latin America and Caribbean islands, have created huge gap between the rich and the poor in those societies." President Chavez also said that a new socio-economic model of peaceful revolution is badly needed to address the burning issues.

The Venezuelan President met Professor Yunus and senior GB staff at Grameen Bank headquarters. "We have strong eagerness for replication of Grameen Bank model and we are inviting Professor Yunus to visit Venezuela to share some of his remarkable experience in this field", the visiting President said. He added that Venezuela could be the launching pad for combating poverty through micro-credit in Latin America and in particular in the Caribbean region.

Dr. Yunus invited the Venezuelan leader to attend the regional micro-credit summit in Mexico, in October this year.

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Jakarta Workshop

 

Grameen Trust and Citigroup Foundation, with the support of Paluma Foundation, Indonesia, jointly organized a one-day workshop for Grameen replicators in Indonesia. The workshop was held on May 14, 2001, in Jakarta.

The purpose was to assess the current status of microcredit for the poor in Indonesia and familiarize participants with the experience of Grameen replicators in Indonesia and discuss the obstacles as well as future plans.

Thirty five participants from Grameen replication projects in Indonesia including MKEJ, BKCJP, Paluma Foundation, YMU, YDBP, Alisa Khadijah, YPM, Buah Kasih and PUPUK, attended the workshop, along with representatives from Grameen Trust, and Citigroup Foundation.

Two papers on Experiences in Replicating Grameen Model in Indonesia were presented by MKEJ and BKCJP. Other participants also shared their experience. The participants observed that Grameen partners in Indonesia could significantly increase their outreach provided they had access to more financial and technical support from Grameen. They suggested that Indonesia needed special attention because of its present financial crisis and poverty situation.

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Training on Grameen Basics

 

Grameen Trust organized a training program on Grameen Basics, held at the Grameen Bank premises, from May 19 to June 8, 2001. Nine staff members from replication projects in Ecuador, India, Philippines, Samoa and Uganda, participated in the training program, which was jointly organized by Grameen Bank and Grameen Trust.

The training was designed to provide Grameen Bank replicators with in depth knowledge of the essentials of the Grameen Bank management and operational system at the branch level. Emphasis was placed on financial aspects including initiation of a branch, maintenance of credit discipline, supervision, accounting, fund management, financial viability and expansion.

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Yayasan Usaha Maju, Malaysia

 

Yayasan Usaha Maju (YUM) is a Grameen Trust funded micro-finance partner organization in Malaysia. Since its inception in June 1995, YUM has reached more than 10,000 families with its poverty alleviation program. It had begun as a government agency called Projeck Usahamaju (PU) implemented by the Rural Development Corporation in 1988. The State Government of Sabah decided to institutionalize PU to form YUM in 1995 because of its excellent performance in lifting its members out of poverty. YUM now has 23 branches, one in every district throughout the State of Sabah.

Grameen Trust conducted a monitoring and technical visit to the GT funded Sipitang branch of YUM from May 1 to May 14, 2001. The purpose was to provide technical assistance, develop a viability plan and a training strategy for the project.

YUM has been performing well and has started to overcome its recent repayment problems. Its progress toward financial viability has been slow because of large operating costs. YUM is now considering merging nearby branches and by increasing staff productivity to reduce operating costs.

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Grameen Trust Programs for 2001

Grameen Trust in collaboration with Grameen Bank and the Grameen network partners will organize the following Grameen Dialogue Programs, Special Training Programs and Workshops, for worldwide microcredit practitioners during July, 2001 ~ December, 2002. Interested organizations or individuals that wish to participate in one or more of the following programs are requested to write to Grameen Trust, Grameen Bank Bhaban, Mirpur 2, Dhaka 1216; Fax and Telephone : 880-2-8016319; E-mail: g_trust@grameen.net or gt_repli@grameen.com

Grameen International Dialogue Programs

41st Grameen Commonwealth
        Poverty Dialogue Programme
July 29 ~ August 10, 2001
42nd Grameen International Dialogue
September 23 - Oct. 5, 2001
43rd Grameen International Dialogue
February, 2002
44th Grameen International Dialogue
April, 2002

 

Grameen National Dialogue Programs

5th National Dialogue (only for Bangladeshis)
October 14 - 18, 2001

 
Grameen Management Training Programs

Grameen Basic Training
July 7 ~ 27, 2001
Branch Manager's Training in Bangladesh
October 6 ~ 26, 2001
Grameen Basic India
June, 2002

 

Grameen Management Workshop

Workshop on Reporting in Vietnam
September, 2001
Workshop on Reporting in Bangladesh
October, 2001
Workshop on Reporting in Tanzania
December, 2001
Workshop on Business Planning in Bangladesh
March, 2002
Workshop on Impact Assessment in Bangladesh
June, 2002

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 Editor : Muhammad Yunus
Executive Editor : Khalid Shams 
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