Microlending, microfinance, and microcredit were invented to eliminate poverty and usher in industry all over the world in developing nations. When this interview was produced, Dr. Muhammad Yunus, the founder of The Grameen Bank, was not yet a Nobel Peace Prize Winner. He finally got the recognition that he deserved for over 25 years in December 2006. Dr. Yunus founded the only bank in the world that lends money to the rural poor without collateral. Due to global central banking paradigm and its stronghold on banking throughout the world, someone had to introduce a different paradigm with new processes and protocols that connected in with the human heart. This is one of the most rare and revolutionary organizations in the history of humankind!
Dr. Muhammad Yunus is also the founder of the Grameen Foundation and the author of Banker to the Poor: Micro-lending and the Battle Against World Poverty, and Creating A World Without Poverty: Social Business and the Future of Capitalism.
The evidence is clear that banking can be based on trust, good faith, positive expectation, humanity, wisdom, connectedness and practicality. We now know that “creditworthiness” has always been a farce to keep billions of people out of the credit opportunity. “Creditworthiness” never required collateral. Collateral should have never been necessary for banking.
Join us for this blockbuster interview and meet Dr. Muhammad Yunus, one of the most kindhearted leaders and businessmen in human history!
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thanks alot it was very great meeting.
Kimmy; you are a voice in the wilderness; NEVER stop putting the truth out there. Years ago when my daughter and her hubby were bankrupt; she DAILY got Credit Card offers for Immediate $5000 Credit line; the house of cards finally crumbled.
As usual you are right on point. Thank you for having the insight to bring the most pertinent info to the fore by spotlighting such quality guests. As much as I admire Dr. Yunus, and align with his intention, I was screaming on the inside listening to this presentation. As if anything which happens on the global financial stage is accidental or unintentional! I have great difficulty imagining that the globalists will allow an alternative accessible system to survive and undermine their profit margins and monopoly on global resources. I fully realize that I am a victim of my own pessimism and fatalistic views here, perhaps I need to allow for a fools hope that what is just, moral, and humane can overcome the treachery and greed which has come to dominate our world. I will be praying for Dr. Yunus, and doing whatever I can to support the Grameen financial model. God bless you, Dr. Yunus, and us all.
This is a superb book on all counts. The author, Mohammed Yunus, is the 2006 Nobel Peace Prize winning economist for his work in micro-credit to end poverty in Bangladesh. Over the years he realized that his micro-lending work resulted in the creation of a very different kind of business, one whose focus is social good rather than profit. He calls it Social Business . It addresses some of the fundamental shortcomings of capitalism which we are all too familiar with when profits come before people and when the success of the world’s economy is predicated on unsustainable growth (e.g. environmental damage, labor abuses). Capitalism also provides no answers for poverty there is not enough profit there. Indeed, it is part of the cause. Capitalism misrepresents human nature as being mono-dimensional, seeking only to maximize profits.Yunus takes great pains to explain the concept, addressing many questions he frequently gets. It is different from a regular business in that all profits are rolled back into the business to create more social benefit, rather than paid out as dividends to investors or owners. He compares Social Business to many other efforts and kinds of organizations devoted to creating social good. For example, unlike a charity, Social Business is financially self-sustaining, not having to devote major resources to getting donations. It is attractive for people who wish to support social causes because the money they invest in a social business comes back to them, and can be re-invested to get further social returns. He also discusses NGOs, Social Marketing, Social Entrepreneurism Corporate Social Responsibility and various new kinds of organizations that are popping up.After expanding on the definition given in is last book, Creating a World Without Poverty: Social Business and the Future of Capitalism, Yunus goes on to give a comprehensive update of what has been going on in the past three years which is quite a lot! For example: * An update on the Grameen-Danon joint venture to produce affordable nutritious yogurt was given. Mistakes were made, lessons were learned, and the future now looks good. * A new venture between Grameen and Veolia has gotten started to provide safe arsenic-free water in Bangladesh * A few health care related Social Businesses are described along with the creation of a nursing school to train locals who then work in the villages or overseas. * Other separate organizations that are cooperating with Grameen are popping up to disseminate knowledge and expertise in Social Business e.g. in Germany, Scotland and California. * Universities are creating programs. There is a Social Business Chair at HEC, a presigious business school in Paris. This is a step closer to Yunus’s dream of having a MBA program focused on Social Business entrepreneurship. * The first annual Social Business Summit was held in November 2009Yunus also gives a lot of ideas in many different sectors for how you might start your own social business, along with a lot ofnuts and bolts practical advice. One interesting pattern that is emerging in various social businesses is what he calls the cross subsidisation business model. The prices are kept very low in the villages where people cannot afford them, and the full market rate is being charged in the cities where people are better off. This is working for health care, yogurt and water.Overall this is a great book, telling of what might evolve into a massive shift in how capitalist economies operate. Social Business fills an important gap left by capitalism and can also sit comfortable alongside it.Yunus has spent his whole adult life thinking about these things, and it shows. He even talks about a separate stock market for social businesses. Oh, the book is also well organized, clear and easy to read.
Kim: You conducting show very good. Your Questions are clear, Using humor. Speaker, Yunus is
happy, giving impression he is conducting job with easiness,joy. You add humor and he add to it.
His idea are number one and your ability to know him and bring him to show. I love to listen show for two reasons; Honost real help to one who need most. I think Yunus, next to a help poor financially he has perfect solution to eliminate complex inferiority among poor peoples at same time.With I did not like is you stated 2-3 x for him to have only one year to live. To give short life to very creative person is bad omen. Better is: Women God is giving to you one year fo
solutions and after one year I will give to you 100 x better life an this planet.
Thank you for listening to the show with Dr. Yunus. Actually, I did not say he only had 1 year to live. I gave a scenario of urgency of what if he only has 1 year to live, what would he do? This interview was my first radio interview and believe it or not, I was not on any station. Actually, giving people scenarios is very important to flush out deeper desires and helps clarify the most important focus of their calling. Thank you for your feedback. I’m delighted that you are tuning in to the other shows. Dr. Yunus never knew that the beautiful life giving organization and marvel that he built would be stolen from him from his own government 30 years later after it had a billion plus dollars in it. This interview represents the fact that there is always a way to get something done that impacts the many when it is led by the heart. The remaining question to us pioneers has to do with better ways to secure and protect the brainchildren that betters life for more people on the planet. I can’t wait to speak to an audience about this somewhere where there is a receptive audience.
THIS MODEL OF PROSPERITY IS DOWNRIGHT FRACTAL :
Coherent, Contagious –
I Get The Goosebumps,