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Author Topic: Grameen Bank  (Read 5723 times)
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Jill
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« Reply To This #10 on: March 25, 2011, 12:35:15 AM »

I have only sporadically been reading the posts at KivaFriends over the past few months, so I don’t know if there’s been much discussion here revolving around the attempted ouster of Muhammad Yunus from Grameen Bank or not.   After only super super quickly skimming through this thread,  I’m thinking there’s a chance that this may be the most appropriate place to post about that subject here.

Just in case some of you here may be interested in having your voices be heard on the issue, following are a couple of links giving suggestions as how best, perhaps, most effectively, to direct those voices in a way that there will be the greatest likelihood that they might actually be heard..
Friends of Grameen Fight to Stop the Removal of Muhammad Yunus

http://www.friendsofgrameen.com/

See, also,
http://kristof.blogs.nytimes.com/2011/01/05/is-bangladesh-trying-to-take-over-grameen-bank/

(just saw that Skimmis posted that link, but it might be easier on the eyes to read at Nick Kristof's blog, itself)

and see, especially, the first 3 or 4 paragraphs of the following:
http://kristof.blogs.nytimes.com/2011/03/08/do-women-leaders-matter/

And thanks, Skimmis, for trying.  I, personally, think that if it hadn't been for Muhammad Yunus, that none of us would be here and a good many of Kiva's entrepreneurs, if not all, would never have received the help that they've been given....

« Last Edit: March 25, 2011, 12:42:45 AM by Jill » Logged
greg3912
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« Reply To This #11 on: March 25, 2011, 05:19:46 AM »

March 24, 2011, 10:00 pm
Grameen Bank and the Public Good
By DAVID BORNSTEIN

In Tuesday’s column I wrote about Grameen Bank, the pioneering microfinance organization, which has come under attack by the government of Bangladesh. The government has ruled that the bank’s founder, Muhammad Yunus, who won the Nobel Peace Prize in 2006, must step down from his post as managing director. Yunus has fought the order and taken his case to Bangladesh’s Supreme Court.

If microfinance doesn’t accomplish anything positive, then why are 128 million poor families busy taking loans?
.I argued that it’s important to protect successful social institutions from political maneuvers that could be damaging to them, and that an abrupt and forced removal of Yunus could damage confidence in the bank, which has 8.4 million mostly women borrowers and holds $1.5 billion in villagers’ savings.

http://opinionator.blogs.nytimes.com/2011/03/24/grameen-bank-and-the-public-good/
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Skimmis
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« Reply To This #12 on: April 25, 2011, 12:57:02 PM »

http://www.washingtonpost.com/world/bangladesh-probe-finds-no-irregularities-in-microfinance-pioneer-yunus-transfer-of-funds/2011/04/25/AFDUvahE_story.html

DHAKA, Bangladesh — No irregularities were found in Nobel laureate Muhammad Yunus’ transfer of Norwegian development funds from his Grameen Bank to another venture, Bangladesh’s finance minister said Monday.

Yunus’ idea of giving tiny loans to the poor without any collateral spurred a boom in such lending across the developing world, earning him and the bank the 2006 Nobel Peace Prize.

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He had denied wrongdoing after a Norwegian television documentary accused him of transferring funds in 1996 without prior approval.

On Monday, Bangladesh’s Finance Minister Abul Mal Abdul Muhith said a committee that formed in January to investigate had cleared him of wrongdoing in the transfer.

Pressure from the Norwegian Embassy in Dhaka resulted in the funds being transferred back in 1998, and Norway has already said there was no indication Grameen was engaged in corruption or embezzlement.

The committee was assigned also to make recommendations to the government about any future decision to regulate the bank.

“We have recommended provisions in a way so that the government can make proper decisions to regulate the bank in the future,” A.K. Monowar Uddin Ahmed, who heads the committee, told reporters after submitting the report.

The central bank earlier this year ordered Yunus out of the microfinance bank he founded because of retirement law violations. He denied it and alleged the government was trying to take control of his bank.

He lost a Supreme Court appeal in that case, but related cases are pending. The committee’s findings about the fund transfer are unlikely to impact his removal.

The United States and some European nations want the government makes a respectable compromise with Yunus, but the government of Prime Minister Sheikh Hasina says the legal system will resolve the issue.

The microlending bank has nearly 9 million borrowers in Bangladesh, 97 percent of whom are women.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Amy-in-PHX
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« Reply To This #13 on: April 25, 2011, 03:22:19 PM »

http://www.washingtonpost.com/world/bangladesh-probe-finds-no-irregularities-in-microfinance-pioneer-yunus-transfer-of-funds/2011/04/25/AFDUvahE_story.html

DHAKA, Bangladesh — No irregularities were found in Nobel laureate Muhammad Yunus’ transfer of Norwegian development funds from his Grameen Bank to another venture, Bangladesh’s finance minister said Monday.

Yunus’ idea of giving tiny loans to the poor without any collateral spurred a boom in such lending across the developing world, earning him and the bank the 2006 Nobel Peace Prize.


Yay - Vindication!  Now, the government of Bangladesh needs to get off his back.  Or he can come here and work with Grameen America - we have no age limit on working.
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Jan & John
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« Reply To This #14 on: June 03, 2011, 07:44:34 PM »

This was just posted on Facebook by Grameen Foundation...
Quote
With all the news about Prof. Muhammad Yunus the past few months, it can be hard to keep track of what's going on. We have created a brief 1 1/2 page Fact Sheet to help summarize everything and provide helpful links: http://bit.ly/izyOTB

The 2 page document concludes with the following...

Quote
You can help spread the truth and defend the independence of Grameen Bank by sharing this document with your friends, by voicing your opinion on social media channels (Facebook, Twitter, blogs, etc.), and by keeping informed about the latest Grameen Bank and Yunus Centre news.
It’s vitally important that the following points are reinforced in advocacy efforts:
• Grameen Bank must remain independent and free of government interference.
• The government must respect the authority of the Bank’s Board of Directors, and not change its composition or reduce the number of elected directors, which would weaken the voice of its borrower-owners.
• Other Grameen organizations, established as independent social businesses, should remain independent and free of government interference.
• Professor Yunus should be made chairman of Grameen Bank’s Board of Directors, to ensure smooth transition of the Bank’s management.
Thank you.
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