In this video series-5, Dr.Yunus answers the queries of the audience and encourages youth to take up designing social businesses. He also talks on the issue of abuse of microfinance.
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Delinquency in Self Help Groups
This IFN focuses on identifying delinquency in SHGs, delinquency management and current delinquency management prevention strategies currently being undertaken by banks, SHPIs and MFIs. The note provides practical recommendations on the need to track individual repayment behaviour along with group repayments. There is also need for periodic SHG performance assessment and portfolio quality monitoring. In addition the note also describes group member’s psychology of paying less attention to internal loan repayment as compared to loans taken from external borrowers (financial institutions – banks, SHPIs, MFIs). Peer pressure and other informal means of ensuring repayments by group members also provide an overview to delinquency mitigation strategies at group level. As far as the banks are concerned, the provision of subsequent bank loans acts as a pressure for group members to make timely repayments. There is a need to better repayment discipline towards internal loans, unless addressed could later affect the repayment of SHG’s external borrowings
Creating a World Without Poverty Social Business Part 4
In this video series-4, Dr Muhammad Yunus describes the social business ventures of Grameen Bank in Bangladesh and how it is contributing towards the development of people. Starting with the motto of business, Dr. Yunus goes on to explain the basic nature of human being and connects it with business endeavours. Further, he discusses the concept of social business and how does it work. He also shares his experience with successful social enterprises in Bangladesh.
Creating a World Without Poverty Part 3
In this video series-3, Dr Muhammad Yunus highlights the wisdom of microcredit borrowers and how they can develop themselves and their families if they are provided with opportunities. Focusing on the work of Grameen, Dr. Yunus explains that if we provide the poor with opportunity then they are equally capable of excellence like any other person. Pondering on the current system, Dr. Yunus says poverty is artificial imposition on human being. He questions the conventional system that stamps the poor as non-credit worthy.
Creating a World Without Poverty Part 2
In this video series-2, taking the discussion further, Dr Muhammad Yunus discusses the need for new financial system that integrates a system that serves the poor with the traditional banking system and not leave anyone unbanked. In this series Dr. Yunus speaks about his new book “Creating a World Without Poverty”. Dr Yunus talks about a programme designed for beggars and how it became an instant success. He further sheds light on the methods employed by Grameen to encourage beggars to try another way of earning money i.e. door to door selling.
Creating a World Without Poverty: An Excerpt
An excerpt from a convention on Creating a World Without Poverty by Dr. Muhammad Yunus at the Lisner Auditorium on the campus of the George Washington University in Washington, D.C. Here, Dr. Yunus inspires everyone with his impressive thoughts on the importance of microfinance. He further talks about the ideas from his book, Creating a World Without Poverty (Appeared on the New York Times Best Seller List). Watch the whole event in the coming series of episodes.