inspired by the Grameen Bank micro credit model and envisioned a business model where a cell phone can serve as a source of income. After leaving his job as an investment banker in the United States‚ Quadir traveled back to Bangladesh‚ after meeting and successfully raising money from a New York based investor and philanthropist Joshua Mailman‚ and worked for three years gaining support from various organizations including Nobel Peace Prize laureate Muhammad Yunus of Grameen Bank and the Norwegian
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The University Press Ltd‚ Dhaka‚ 1999. Ledgerwood‚ Joanna. Microfinance Handbook. Washington‚ D.C.‚ World Bank‚ 1998. ASA‚ Dhaka‚ 1995. Todd‚ Helen Women at the Center: Grameen Borrowers After One Decade. University Press Ltd‚ Dhaka‚ 1996. University Press Ltd.‚ Dhaka‚ 1997. Yunus Muhammad‚ Moingeon Bertrand & Laurence Lehmann-Ortega‚ "Building Social Business Models: Lessons from the Grameen Experience”‚ April-June‚ vol 43‚ n° 2-3‚ Long Range Planning‚ 2010‚ p Public Affairs‚ 2003. ^ Microfinance
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Case: Unexpected consequences of microcredit loans of the Grameen bank Since 1980 is the Grameen Bank an example of an successful social enterprise. For many people its success proved that a social enterprise could make a heathty profit without subsidies and that the concept of a social enterprise could be a social and financial success. Muhammed Yunus the owner of the Grameen Bank (GB) is the inventor of microcredit loans. Microcredits are very popular in Asian countries and the GB has the biggest
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knowing that the loan must be paid back‚ people spend the money on important things that will help them later on. If microloans are specifically given to the poor and meet cultural‚ economic‚ and legal environments‚ the poor can repay the loans. Some banks are specifically giving these types of loans to women. The benefit of targeting women
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for others. In other words‚ they cannot start a small business. Fortunately‚ the idea of micro-credit program releases small loans to the poor for income generating self-employment projects (S. McDonnell‚ 1999). Taking Grameen Bank for example (S. McDonnell‚ 1999)‚ The Grameen Bank
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Assignment Grameen Danone Review reading from Bridge International class: "Disruptive Innovation for Social Change" Latitude Responsable Danone Communities - Projet Grameen Danone URL: http://www.youtube.com/watch?v=4pUd7eCf7Sg Note: Please watch this short (8-minute) video as part of class preparation. 1. Evaluate the Grameen Danone business model. What are its attractive features? What are its weaknesses? 2. Prof. Yunus’s Social Business Model is explained on pages 1 and 2 of the
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References: Bennett‚ L‚ and MGoldberg (1993): ’Providing Enterprise Development and Financial Services to Women: A Decade of Bank Experience in Asia ’‚ Technical Paper 236‚ Human Resources and Social Development Division‚ World Bank. Bhattacharya‚ D‚ N Faiz and S Zohir (2000): ’Policy for Employment Generation in the Informal Sector of Bangladesh ’‚ prepared for the National Action Plan for Non-formal Employment Generation‚ Planning
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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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SWEETS AND SOURS OF SOCIAL BUSINESS: A CASE STUDY ON GRAMEEN DANONE FOODS LTD. Mehdi Hussain‚ Dr. Abdul Hannan Chowdhury and Bashir Hussain The number of people suffering from severe undernutrition and food insecurity recently reached one billion‚ and most of those affected live in developing countries (Lean‚ 2009). The economic and financial crisis is stimulating discussion about the future role of business in case of major social problems likes hunger. There is growing acceptance of the need
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microfinance as a new tool for development began getting much attention from international institutions and donors. The microfinance program recognized by Mohammad Yunus‚ established the Grameen Bank in Bangladesh‚ and now plays a large role in development. In the past‚ large institutions such as the IMF and the World Banks would impose strategies and practices like the Washington Consensus on developing nations. The microfinance approach directly provides credit to the hands of the poorest individuals
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