thegrameenbank.com please help us edit the future history of world's favorite bank

TheGrameenBankLaw1983

Chris Macrae
help us co-edit the story of http://www.thegrameenbank.com/ wash dc 1-301 881 1655 chris.macrae@yahoo.co.uk

transcript of 40 minute video interview of Mrs Nurjahan Begum July 2008- Female co-founder of Grameen Bank 1976 and leader researcher on 16 Decision culture of what village mothers wanted to invest in across generations

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2011 The Grameen Bank has existed for 35 years of the wonderful entrepreneneurial nation of Bangladesh- 40 years old in 2011.

BACK FROM THE FUTURE 

In 2011 The Grameen Bank took a new trajectory. At the end of 2010, apparent shareholdings were 97% poorest members of The Grameen Bank; 3% government.

After 7 years of concept development, The Grameen Bank was founded by a special Bangladeshi Law in 1983. In 2011, there have been legal disputes that seem to depend on who the judiciary reports to as to whether this law separated The Grameen Bank from general laws that apply to other banks regulated by Bangaldesh parliament. One of these general laws is that the managing director of a bank has to get permission from top of government to continue office after 60 - whether or not the majority of the shareholders -or board - wish this change. Another area of dispute is whether government intervention in the bank - should it cause the need to refinnace the bank - can be a valid reason for chnaging ownership away from the poorest and towards government officials.

Q Who founded and led the bank until the end of 2010?

A) There were 4 co-founders led by Muhammad Yunus. Up until the end of 2009 they acted as the most productive 34 year old team of entrepreneurial revolution (as studied since 1976 survey coining the term in The Economist). The youngest co-founder, Dipal Barua left at the end of 2009 over a dispute which seems to involve how to spend the $1mn dolar prize awarded to Dipal on behalf of Graeem Shakti as the world's favorite example of solar energy grassroots networking. By Spring 2011, Muhamamd Yunus was forced out of managing directorship of The Grameen Bank on the sole legal grounds of being over 60. Mrs Begum, the female co-founder was asked to be acting managing director of the bank until Auguat 2011. The government then appointed Muhammad ShahJan.

Our blog posts some links tio the view sof

Mohammad ShahJahan ... 1 key success factors women & open source ...

Muhammad Yunus 1 Bloomberg Video July 2011 NY

Nurjahan Begum 1 2008 video interview July 2008 during visit celebrating nobel museum opening in dhaka and promise by Nobel Judge made to 1000 youth to support them as co=heroines and co-geroes of net generation

 

   

 

 

Tuesday, August 16, 2011
Mohammad Shahjahan, a deputy managing director (MD) of Grameen Bank, took over as the acting managing director of the institution Tuesday, officials said.

He replaced Nurjahan Begum, who went into LPR (leave preparatory to retirement) on Sunday.

Earlier on July 26, Shahjahan was promoted to the post of deputy MD from that of general manager.

“I am on routine LPR. There is no issue of forced retirement,” Nurjahan said.

She took over as the acting MD of the microlender after Professor Muhammad Yunus stepped down May 12 following his removal by the central bank. She had co-founded the bank in 1976 being the female leader of the project team led out of Chittagong University by Muhammad Yunus and Professor Latifee. Her dialogues with early Grameen members identified the 16 Decision culture (what poorest village mothers believed needed to be communally and individually done to end poverty) that has guided every investment and social business partnership The Grameen Bank made between 1976 and 2010. 

12:00 pm edt 

Monday, August 1, 2011

 Acting managing director frrom mid August 2011
DHAKA: Mohammad Shahjahan, general manager of Grameen Bank, has been made acting Managing Director of the troubled micro-finance institution to stand in Nobel laureate Prof Yunus` place until a new MD takes over.

The decision was taken at a board-of- directors meeting of the GB on Tuesday evening.

A five-member committee was also formed to pick and choose a new MD.

Sources said the nine female members of the board of directors of Grameen Bank created pressure on the board to extend its tenure and appoint the sacked MD, Dr. Muhammad Yunus, as ‘MD Emeritus’.

But, no member of GB agreed to make any comment in this regard.

Grameen Bank chairman Khandaker Mozammel Haque presided over the meeting held at Grameen Bank Bhavan in city’s Mirpur area. All the nine female members, acting MD Nurjahan Begum and the government-selected directors attended the meeting.

Acting MD Nurjahan Begum will go on retirement on August 14 and Mohammad Shahjahan will take over the charge on August 15.

Mohammad Shahjahan would be posted as Deputy Managing Director before being catapulted to the position of stand-in Managing Director.

Mohammad Shahjahan completed master`s from Accounting Department of Dhaka University in 1977. Later, he also completed master`s degree from Finance Department of the same university.

Earlier on March 2, the government removed Nobel laureate Prof Mohammad Yunus as Managing Director of the Grameen Bank he founded for lending to the poor, as a Norwegian media documentary on shady fund transfer rattled his position in his micro-finance institution.

Transparency Note - Article from media source with ownership ties connected to PM Hasina.
6:54 am edt 

Thursday, July 28, 2011

 Global Views of why Bangladesh 2011 is as important to the world and to its people as Japan 1961

Transparency; This view remembers my father who :

  • was at The Economist as it grew from 3rd ranked national weekly to one of a kind global viewspaper
    whose 1962 article Consider Japan as the most exciting nation to trade with inh 1960s and
  • whose 2008 article Consider Bangaldesh as most exciting nation to network youth's millennium goals with

    As an internationalist Scot, dad's celebration of entrepreneurship didnt believe much in big economic gurus. What excited him -and microeconomists who valued him - included deep context knowhow underscoring simple intergenerational trend measures. A simple one is: which places have relentlessly increased life expectancy and productivity of families - by definition growing life expectancy and sustainable growth of a nation go together,  Better still these dynmaics grow all -especially neighbours-  who positively interconnect with such an exciting place learning what it has uniquely dioscovered; there is more for the world to action learn from rural banagladesh's hubbing of innovation communities at its first 40 years of generation than anywhere I can map; to clarify my final bias this is what dad and I were writing in 1984 about the need for the net generation to chnage economics and mediation or heroic goals 
    • 7:38 am edt 

    Wednesday, July 27, 2011

     Mrs Begum Interview made July 2008
    2:15 pm edt 

    JY 2011 Yunus Sees Need to Overhaul Lending Policies of Banks All Over the World 1:36 pm edt 

    Muhammad Shah Jahan quoted in June 2010
    Key Success of Grameen Bank: Women and Open Source
    June 19th, 2010 | Author: admin

    Microfinance institution in Bangladesh, Grameen Bank, founded by Nobel laureate Muhammad Yunus of Economics in 2006 acknowledged the economy had become the driving wheel of a country. Inevitably, they also become an example for other countries.

    It turns out that success can be achieved this financial institution because of two main factors: Namely women and open source. Why is that?

    According to Muhammad Shah Jahan, the General Manager and Chief Financial Officer of Grameen Bank, almost 97% of Grameen Bank clients totaling 25 million are women.

    “Because she was family oriented, on the values of kindness. They will consider the family, his children before they act,” he said during a conversation after the workshop ‘Microfinance Business & Information Technology’ Vision Sharing held at the Royal Plaza, Singapore.

    The man who is also deputy Muhammad Yunus added that ordinary women to act more responsibly and honestly because more attention to this family.

    The difference is with men, he added, which tend to be less indifferent to the family. In fact, often betrayed wife and kids when obtaining success.

    “Based on experience, our female customers very obedient compliance with loan installment. Therefore, the total loan repayment rates reached 97.11 percent. The ratio of bad loans of less than 3 percent,” said Shah Jahan.

    Furthermore, he said that the secret to success is the Grameen Bank further implementation of information technology based on open source.

    “We’re not a rich country. Half the people we are poor. Thus for IT infrastructure, we use crude and cheap-cheap. Open source is our best choice,” he said.

    One of the open source-based application that became the mainstay of Grameen Bank is MIFOS (Microfinance Opensource). These applications implement the concept of web based management information system.

    1:27 pm edt 
    2011.08.01 | 2011.07.01

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