[Assam] Microbanking and Grameen

[Barua25]

I heard about him before and couple of weeks ago when Bill Clinton was mentioning about GRamn Bank and his name as a personal friends of him.
I was very much impressed then. But things do not move in countries like India unless somebody bell the cat to hear its movement loud and clear. This time Nobel Committee did that. (Hopefully he can survive the bell. Rabindranath was complaining that after winning the Nobel Prize it became like a loud bell in his body and that he could not go anywhere without attracting a lot of people following him constantly)
I think the success of the Gramin Bank is on the group psychology of doing good to society and taking a share of that goodness for yourself. The bottomline is 'if you behave, you will be rewarded. Now think about that, that is a great faith for the millions of villagers to have on a banking system in country like Bangladesh.  Now the Bug Brother must forsake its ego and try to learn.  From our side, without beating around the bushes, we should start his Gramin Banking system in Assam as an NGO system outside the GOI Banking system. I can see that Gramin Banking system is going to play a bigger role in the coming years in countries like India.

Congratulations Muhhammed. You have raised the status  of Bangladesh couple of notches high.
Rajen Barua

  ----- Original Message ----- 
  From: BBaruah at aol.com 
  To: sroy at mail.smu.edu 
  Cc: Assam at assamnet.org 
  Sent: Saturday, October 14, 2006 12:01 AM
  Subject: Re: [Assam] Microbanking and Grameen


  When another Bengali won the Nobel prize, I had to know who this Prof. Muhammad Yunus is. And this morning I read all the articles available to me about this global enterprise:the Grameen Bank. As I see it, its collateral is based on group pressure coupled with high interest rate 35% (it is ably defended).  I see Bangladeshis doing very well abroad and, in any case, as a nation, statistically even competing with their big neighbour India, which at one time I found very hard to believe,  with my unreasonable prejudice against Bangladeshis.

   

  Without beating about the bush, let us then follow the professor when he says “Follow me and beat poverty.” Why not, dear netters?

   

  Bhuban

   



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