Showing posts with label Grameen. Show all posts

Professor Yunus Visits Poland

February 17, 2012 | 1:43 PM

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After a week at The World Economic Conference in Davos, Switzerland, Professor Yunus travelled to meet his Polish supporters. Prof. Yunus met with President Bronislaw Komoroski and other political leaders, encouraging them to implement social business models to solve the country’s social problems. Prof. Yunus’s books “Banker to the Poor” and “Building Social Business” will be published in the Polish this month. Profesor Yunus spoke at THINKTANK, a platform for business and policy makers to hare experience, ideas and skills in Poland.

Read his interview ....Don't forget to translate!





The (South) American Dream

February 8, 2012 | 6:55 AM

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You land in a distant Latin-American culture. The honking and banging of beaten cars battles with the teeming, potholed streets to compete for your senses against the hiss of steam, the clanging of knives, and the enticingly spicy aromas wafting towards you from the frenetic mass of street vendors. They playfully fight each other, possessing only the weapons of smell and sound, for the chance to serve you what is certain to be among the best meals you’ll ever eat, for less than you would ever expect to pay. A cell phone ringing in someone’s pocket belts out the latest version of a salsa classic, which ends abruptly to the equally captivating music of sweetly accented Spanish. As you take in your surroundings, an array of flowers in a nearby storefront, infinitely varied in their shapes and colors, catches your eye…

Are you already looking up airplane tickets to South America? Well, you can close cheapfares.com; this took place just a few train stops from Midtown Manhattan.

In fact, this remarkable scene repeats itself every day, in some form or another, pretty much right in front of the doors of Grameen America’s Queens office, in the neighborhood of Jackson Heights.

Having joined the Grameen team as Data Manager (which also serves to explain my poor writing skills – sorry) in early January, I have had the privilege of visiting this neighborhood a few times, and have yet to come away un-awed. Though Grameen in no way takes credit for the richness of the culture and entrepreneurialism surrounding its offices –those have been there far longer than Grameen – I felt personally proud to be part of an organization that is working to expand the opportunities of those very poor entrepreneurs who create the vibrancy and wealth (cultural and otherwise) of this neighborhood, at which I can really only marvel.

My first thought, truth be told, was that I was walking right back into the small town in Ecuador where I have spent the last few months working for another micro-lending outfit. The Jackson Heights area of Queens is disproportionately Ecuadorian and northern Andean, and even the accent took me right back.

But as nice as it felt to re-immerse myself, it struck me that this is Grameen America, after all. Of course, it is physically operating in the United States, and certainly not all of its borrowers are of Hispanic heritage. But what makes it American?

It hit me right away;

My stepmother, a powerful influence on me ever since she joined my family when I was four, grew up in New York City, the daughter of a Puerto Rican mother and an Italian father who owned a small butcher shop in the Bronx. They had nearly nothing and spoke little English when they arrived, but by time I met them they had established a modest life for themselves; a lemon and orange tree adorned their back yard in Florida, and they would claim through substantial accents that they no longer really remembered their respective mother tongues. Their three children, all now parents themselves, lament having learned exclusively English.

Her family’s is a quintessentially American story, and it began in an area not far from the part of the Bronx where Grameen recently opened its doors. This, I saw, is the America of Grameen America. A future America in which a person’s unique ability to shape her own habitat is uninhibited by her background or economic conditions. Where opportunity is truly a universal possibility.

That sometimes seems as distant from American reality as Jackson Heights.

But in truth the beautifully chaotic rhythm of today’s Queens is both a reflection and a result of the green shoots of this much pined-for America. Each of its entrepreneurial players is no different than my stepmother’s parents; present and future Americans working hard and saving to retire to their own proverbial ‘yard of citrus trees in Florida’. Many in this country are nostalgic for more of just that America. Let’s help Grameen expand to make it happen.

By Marcus Berkowitz
Data Manager
Grameen America

What Does Grameen America Mean To You?

January 26, 2012 | 7:42 AM

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We've complied a list of words to describe what Grameen means to us. What words jump out at you? Which do you hope to see more of in 2012? Let's make it happen!

Interview with Grameen America CEO Operations: Shah Newaz

January 24, 2012 | 7:55 AM

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Shah Newaz and Professor Yunus at Bronx Grand Opening

Mr. Newaz is the foremost Grameen expert in the US. Since our 2008 launch in Jackson Heights, N.Y., Mr. Newaz has successfully overseen and scaled our operations across the country

  
    




When did you join Grameen Bank? What specific experiences led you to your position at Grameen America?
When I was a student at Chittagong University, I would see Dr. Yunus interact with the poor residents of Jobra Village. My professor urged me to apply to Grameen Bank, stressing its progressive work and deep impact on our community.


Tell us about a turning point moment that changed the course of your life.
In Bangladesh, most parents want their sons to work in government because the jobs are life-long secure positions. Joining Grameen was a risk. But right after joining, Dr. Yunus discussed with us the noble and ground-breaking work Grameen was doing. His speech was invigorating and I don't think I ever looked back.

Under your leadership, Grameen America has lent to over 8,500 borrowers. In your opinion, what are the keys to success?
The effectiveness of our model developed by Dr. Yunus and its noble intent, the way our Branch and Center Managers work hard to implement it, and the encouragement we receive from our management. Our dedication to implementing the original model of Grameen ensures our success.

What surprised you most when you first arrived in New York?
So many things were new and surprising. The first time I ever had to swipe a card to get on the subway was a new experience. I needed the help of my friend to walk me through the chaos.

What was your biggest challenge starting the first branch in Jackson Heights, Queens?
The biggest challenge I faced and we have been facing to this day is hiring the right staff. Getting the right kind of Center Managers who are motivated to work in the community for poverty alleviation has always been a challenge in the United States.

What food dish do you miss most from home? Does American-Bengali food compare?
I miss “Alu Puri", a kind of potato bread made with spices that my mother and elder sister make. That's the food I miss the most.

What is the most exciting part of your job?
Visiting the Center Meetings. It is always encouraging and rewarding when our borrowers welcome us into their houses/ businesses where the Center Meetings takeplace. They show us their products with genuine enthusiasm and gratitude.

Recap of the Net Impact Conference with Katherine Rosenberg

November 4, 2010 | 2:21 PM

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Last weekend Grameen America’s Director of Evaluation and Education, Katherine Rosenberg, attended the 18th Annual Net Impact Conference at the University of Michigan’s Ross Business School. The conference, entitled 2020: Vision for a Sustainable Decade, was very successful with over 2,500 MBA students and sustainable development professionals participating in the panels, lectures and expo.

Katherine took part in a panel called Markets For Good: How Social Investors Will Change the World. Other participants on the panel included Mari Kuraishi (Co-Founder and President of GlobalGiving Foundation), Brian Walsh (Director of Liquidnet for Good) and David Wilcox (Founder of ReachScale). About 100 people attended the panel, which focused on gaining access to capital markets on international and domestic levels in the non-profit world. The speakers explored how the profit and non-profit worlds can combine to create access to capital without jeopardizing the ultimate mission of creating opportunities for the poor.

During the conference, one of the recurring questions that Katherine was asked was “does microfinance actually work?” Her response: “Microfinance has become a broad spectrum. Speaking on behalf of Grameen America, we offer small loans and have great stories about how we have already pulled people out of poverty”. Although the term microfinance is slowly beginning to register as a household term, people are still uncertain about how effective it can be, especially on a domestic level. This is one of the challenges we are continuing to explore and one of the benefits of being able to attend these conferences.

One of the most informative panels that she attended was called Philanthropy 2020: How is Philanthropy Changing and what are the Implications for Nonprofits. The panel focused on the measurement of social value in the nonprofit sector.

Katherine also found the keynote address by Gary Hirshberg, Chairman, president and CEO of Stonyfield Farms inspiring. He spoke on the transformation of his company from a small dairy farm to the worlds leading international organic yogurt producer with over $366 Million in annual sales. One of topics he touched on, which helped Stonyfield experience such rapid growth, was innovative marketing technique such as advertising on the tops of yogurt and milk containers. It was a simple method but one that clearly produced results – certainly something that could be applied in the non-profit sector as well.

Although Grameen America was only involved directly through Katherine’s participation in the panel, Professor Yunus’ name came up several times because of his focus on promoting social business. It was apparent during the conference that his influence has encouraged people to change their way of thinking – not just to run a business but to be socially minded about it as well. We can only hope that his influence can do for social business what it has already done for popularizing microfinance.


Follow this link for more information about the 2010 Net Impact Conference.
2010.netimpact.org

Follow this link for more information about Gary Hirshberg on the Stonyfield website.
www.stonyfield.com

To check out Professor Yunus' latest book Building Social Business please click here.

Grameen America Week: Grameen U Events!

September 30, 2010 | 5:53 PM

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To raise awareness about Grameen America week, our Grameen U chapters all chipped in to spread the word. Check out what went on at their campuses and maybe they'll inspire you to go out and spread the word too!

University of Wisconsin-Madison

We combined this event with our kickoff meeting for the semester, giving prospective members information about our group and our recent collaboration with Grameen America. We hope to see many of them at our next meeting!


McGill

McGill's SNED (Student network for economic development) hosted a bakesale in the Desaultes Faculty of Management lobby to support Grameen America as part of our celebration and to publicize about our events and the power of microfinance. The yummy treats were all baked by SNED club members and everything sold out!


University of Pennsylvania

We had an activities fair at Penn on the college green, so we thought of it as the perfect place to set up a Grameen U table asking people to donate via the Text2Give Campaign. Above is a picture of a couple of people asking for the details of the campaign and one of my colleagues from Penn MFC explaining the campaign and urging them to donate.


Bucknell

In support of Grameen America week, the Microfinance Initiative at Bucknell ran a campaign called Spread the Thread. The idea behind the campaign was that just like one dollar can create two, one string can make two. So we distributed blue string bracelets with the message “Wear, Tear, Share”. Simply tie it on your wrist, tear it in half, give it to a friend and you can spread the idea of microfinance one bracelet at a time! All in all the event was a huge success and by the end of the week, half take campus had little blue strings dangling off their wrists!


Rutgers

As a group, we are trying to get "official" club status on campus before we can hold events, but we met to work on getting our club formed as well as brainstorming how we could get the Text4Give campaign out there. We posted on facebook, emailed all our friends, classmates, and professors. More to come!


Recap from Grameen America Week’s Event at Whole Foods

September 27, 2010 | 10:11 PM

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Last Monday, in honor of Grameen America Week, we partnered with Whole Foods to celebrate our third successful year of microloans in the United States. Whole Foods was kind enough to provide us with ice cream, banana split toppings, and a small space to distribute information at five of their stores in Manhattan.

We arrived just before 5pm at the Whole Foods store in Union Square, which was completely packed with shoppers. Whole Foods set us up in a prime location, right in the front of the store, which encouraged people to come chat even before we began serving food. Once the ice cream and toppings were brought out we attracted quite a crowd.

Dozens of people stopped by in the first half hour alone and were genuinely interested to hear about Grameen America while they waited for their banana splits. Quite a few people recognized Grameen’s name but most did not know about our programs in the U.S. It was great to be able to talk to everyone and let them know how successful microfinance has become and that GA is helping low-income entrepreneurs create successful business ventures right here in NYC.

Talking about GA while making a banana split was a challenge but I was very lucky to have had the help of Danielle from GA and two great volunteers: Gabrielle from Credit Suisse and Cecile from BNP Paribas.

Thank you to all the other volunteers who came to help and to all the great Whole Foods shoppers who stopped by, we hope you enjoyed it as much as we did!

Jonathan Katz, Grameen America

(Images above were taken at the Upper West Side Whole Foods - Grameen America volunteers Jason, left, and Sandy, right, are pictured.)

Notes From the Field With GA Intern Alexandra from St. Johns University

September 23, 2010 | 3:06 PM

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Grameen America has partnered with St. Johns University & the Ozanam Scholars for the second year. This year, Ozanam Scholars are working with Grameen America Center Managers in the field in New York City. Take a look at Alexandra’s first blog post and be sure to check back weekly to see what she’s up to!


Hey everyone. I’ve been interning for Grameen for about two weeks now and already my experiences have been interesting. Last Monday my fellow intern Annysa and I went out into the field, handing out flyers—trying to connect with potential clients.

I’ll be honest I was intimidated at first. I’m not a native Spanish speaker. I learned it in high school and let me tell you that that type of Spanish is not how most people actually talk. Adjusting to speaking like a native speaker and being able communicate with people is going to take me a little time but it’s absolutely worth the effort.

I already love getting out and meeting people, listening to their aspirations and trying to help them. I was only handing things out for a few hours, but I feel like I’m working for something bigger than myself—towards a greater good. I can’t wait until I really learn how to do this job well.

Grameen America Week

September 16, 2010 | 1:43 PM

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We are thrilled to announce that next week is our second annual Grameen America Week.

Save the dates!

Grameen America Week is a celebration of our third successful year of providing microfinance services to low-income entrepreneurs in the United States. For the week of September 20th-24th we will be hosting a number of events and kicking off several exciting new campaigns.

On Monday, September 20th, in honor of Grameen America Week and Whole Foods 30th anniversary, we are going to be partnering with them at each of their six Manhattan stores. The Grameen America staff will be on hand to serve up inexpensive Ice-Cream Sundaes. 100% of the proceeds will go to providing microloans for low-income entrepreneurs. Stop and chat with the Grameen America staff and make sure to get an Ice-Cream Sundae for microloans!

On Thursday, September 23rd, we will host a webinar for supporters around the world with an informational session conducted live from the headquarters of Grameen America, New York City. Register now!

Beginning this week we are also running a texting campaign called Text “America.” It’s easy, just text 85944 and donate $10 to Grameen America. The aim of this campaign is to raise $7,500, enough to form a group of 5 borrowers, five first time loans of $1,500 each. We think this is a great way for each donor to become a microlender and discover the power that a small donation can have in the lives of our borrowers. Please help us by donating and by telling your friends and family about the program.

Grameen America week also marks the launch of Grameen U, a program that enlists student representatives from universities across the country who are interested in microfinance to help a growing Microfinance Institution. We hope this is just the beginning of our involvement with students in North America. During Grameen America Week, schools participating in Grameen U will be hosting events to commemorate this special occasion.

We will be updating the blog throughout the week with updates from of all these great events. We hope to see you there!

"Poverty exists because we've built our philosophical framework on assumptions that underestimate human capacities (...). Let's dedicate ourselves to bringing an end to it at the earliest possible date, and putting poverty in the museums once and for all."
- Muhammad Yunus

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