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Joy of Banking




The Greatest Economics Miracle -Part 1-3 of The goodwill global village banking networks

To Keynsian's ending poverty is the primary job of economists and humanity's greatest innovation applications demand sustained solution to ending poverty in villages (being those places yet to gained any of the infrastructures which have advanced health and wealth in some parts of developed world by up to 200 fold over the last 200 years)

Part 1 1972-1996 Pre-digital Bangladesh Villages
Part 2.1 and 2.2 1998-2005-2015 Bangladesh First 20 years of mobilising digital partnerships
Creates nearly 15 million jobs for the poorest nation's poorest village mothers
Breaks generations of illiteracy so that about 45 million millennial livelihoods can move way beyond poverty line
Part 3 Worldwide integration

There's a lot of misinformation about how Bangladeshi microbanking worked .


Pre 1996 we will mainly focus on the integrated job creating systems built in Bangladesh.


As digital processes of banking were introduced Kenya joined Bangladeshi in pioneering mobile lab phenomenon but ine capable of empowering women and community sustainability everywhere provided the true information is replicated and microfranchise are owned in trust for bottom-up

Part 3 where every pro-millennial valuation solution needs to converge around everything the internet could be


Grameen’s first 10 years 1974-1983. A famine which killed a million people motivated Yunus, a professor at Chottagong University to stop teaching macroeconomic theories and take his students out to the viljage to look for end famine solutions.

There he spotted 42 villagers chained by the same loan shark- they only needed total loans of 27 dollars to be freed. However it took Yunus team many years to emerge with a format that applied to(illiterate)  village mothers who had never sought to earn a livelihood. Once the replicable franchise system was designed it scaled with Moores Law speed - doubling membership annualy at its peak accelartion rate

The final microfranchise design of barefoot branch banking required a young bank manger with a team of up to 3 co-workers to serve 60 banking circles of 60 village mothers with weekly visits.

Each circle was designed to give back villagers a market –ie 60 livelihoods that fit together.


Loans were taken out to be trained and resourced to serve a microfranchis- eg perhaps 4 out of 60 women would husk rice, another 4 own chickens for laying eggs, Within the circle supply and demand matched – or it would be up to Grameen to develop a market from village to towns in those applications where supply was both more than the circle needed and of a quality that would be valued nationally (eg Gramen check clothing).

A common 16 decision culture ws embedded through every banking branch- ths matched years of research into what the vilage mothers defined as ensuring that their children would be moved way beyond the poverty line. For example becoming a grameen member meant committing to send all choldren to primary school.


Most of the village schooling system was sustained by BRAC. So while BRAC and Grameen had complimentary ways of microfranchisiing livelihoods around vilage mothers, there was a lot of interdepedence in terms of community inter-generation goals


Both Muhammad Yunua and Sir Fazle Abed are celebrated in the top 12 entries of the world record book of job creation 2000-2014

 - vote how millennials may choose to change eveerything in 2015 millennials class of 1997 washington dc region -

thank goodness that the world's ;eading grassroots health networkers eg Jim KIm

and women4empowerment partners are now planting entrepreneurial revolution everywehre that DC can linkin  

-help us twin capitals with a millennial future 


likes   MoocYunus  worldbank tedx   Dbanj in Ethiopia  Partners in Health    

Pope Francis Youth Entrepreneurial Union

 A crisis of ownership of the grameen bank and the global grameen brand has escalated out of Bangladesh since the last quarter of 2009. In this climate we do not regard it safe to our dearest friends and youth to report much at this web. Rest assured our worldwide journalist networks continue to question everyone we can. eg Q to Larry Reed San Diego April 2014 -  can you advise students of a benchnmark case of microcredit in China (which you mentioned as larest race to end poverty) and USA ( a country where we've found it hard to go and observe community regeration by microcredit). A look right here in san diego for a US benchmark; in china savings regulations have only recently converged on making wonderful microcredit models possible)

Here is a sample of stuff- please note all reporting errors are mine alone  materials launched at The Economist boardroom in november 2010  (video   brochure   journal ) after a glasgow weekend round 4 july 2010 sponsored by adam smith scholars; current map downloadable below -what we hope is that a segment of the 4000 youth auditorium hosted by atlanta leaders adn Nobel Laureates nov 2015 on action networking post 2015 milennium goals will follow up on the open education curriculum of thegrameenbank 1976 (project) 1983 ordinance to date

TheGrameenBank is a case study researched by Norman Macrae Foundation (The Economist's pro-youth economics correspondent) and the World Class Brands network of journalists for humanity he launched in 1988; Norman's 85th and last public birthday party was hosted at Royal Automobile Club Saint James London 2008 with Dr Muhammad Yunus as chief guest; five remebrance parties have been hosted to date across different bhemispheres of net generation friends - the first and fifth co-sponsored by Adam Smith Scholars at University of Glasgow 4 July 2010  and December 2013. Norman created the genre Entrepreurail Revolution in 1972 in observance of experiments by students at the UK National Development Project of Computer Assisted Learnin to rehesase ahead of time whether the generation connected by humanity's greatest communcations revolution would compound better or wosre futures for our human race and across wholeplanet 

 We will leave youth debates to videos and content like the following to 

 bank legal home as owner of replicable open source franchises

minute 1.44 the first chapter of your book proves that the agencies that were working against poverty have failed -in fact you have proven that how they justified their action namely development is not working -  this is important not only for phd students who are working on these issues but for the agencies themselves to hve a mirror- you do it gently and radically at the same time - usually when become radical they lose gentleness -  we need the mix the radical factor allows us to see the truth of the matter, the gentleness prevents us from falling into the trap of anger about 8 more hours of film and transcript available if anyone wants to moocyunus for open education institutes

download YouthandYunusValuation.ppt

 yunustv.JPG yunustv2.jpg


globalgrameen uploaded and posted   -on the subject of post 2015 millennium goals,the 175th year of The Economist's mission to endi hunger and end capital abuse ofg youth is 2018                              


Norman Macrae Foundation asks: given history's evidence that the greatest economic multipliers of human lot are abundant new energy and freer accessibility to education for all -which banks have emulated Grameen and BRAC in understanding those pro-youth investment foci?
Norman Macrae

 Foundation for pro-youth economics and education welcomes correspondence with people who wish to benchmark the best youth investment banking models. Those we collect lots of information on are:




Bangladesh Grameen, BRAC, bkash; Kenya Jamii Bora and Mpesa; India Nabard;

other www rural partners of wholeplanetfoundation Malawi microloanfoudation

China various Europe ADIE -online kiva and babyloan

email to share information or to ask for free pdf of our special edition of journal of social business exploring knowledge gains and losses of first 14 years of microcreditsummit

we're very interested in the main agenda of the first 100 Hobarts - how to end destruction of youth's futures by currency monopolies of politicians -






11 plus IQ test of Grameen

Q1 What was first non-financial service of Grameen Bank? Answer1

Q2 How often does every customer meet Grameen Bank Managers A2

Q3 Choose 4 words describing whom Grameen wants to serve? A3

More 11 plus iq test


collaboration exercise - preparing a tour for yunus around the future of 7 grameen businesses if understood by youth as star cases of open online university - all depends on reconnecting with right contacts first who could expand collaboration with youth's hunger to create jobs all over the planet


tour 1 edu i guess these are the main contacts to survey first on open edu but happy to know if i have left out anyone passionate about open online uni

A1 online channel  A1.1 Yunus & A1.2 Skoll & A1.3 Khan (language partners eg carlos slim spain) & A1.4 Doerr & A1.5 Blecher (Mandela/Branson.Google Africa) & A1,6 Kalam/Gandhi family /Begum & A1.7 Father's friwnds-Pearson CEO Scardino with Sarah & Economist at 170

2a, b, c... practice fame : Yunus &


if you can help improve massive youth and collaboration tours for muhammad yunus round any of grameen's 7 wondrous business as cases most needed at moocyunusfree uni - then please contact Norman Macrae Foundation  - washington dc region 1 301 881 1655




MoocYunus - Banking

what would millions of youth most like to interact round as free online training on how to design job-creating banks?


Next Deadline: I am having a meeting in dhaka with yunus on may 12 to see how to kickstart youth's involvement in the free online university yunus announced at climax of 10th skoll world championships


-here are a few examples emerging from youth's freedom to understand actions beyond theory


my recommendation to dr yunus is to build courses through linking up maximum 12 minute presentations - for example this is the most workable format at coursera where presentation modules comprise a you-tube style video with an accompanying set of slide



12.1 Apart from financial literacy mentoring skills, what sorts of skills does a grameen bank branch manager need to be able to serve the 60 village centre visits that a grameen branch makes each week to 60 members at a time

12.2 One of Bangladesh's greatest innovations in transforming value chains to fully integrate the poorest is microfranchises. Some microfranchises have replicated over 100000 jobs with the same sustainable job description across the village centres. Can we see a league table of most job-creating microfranchises - past and current? Also which of these may be most specific to Bangladesh, and which could be most transferable? 

12.3 Dr Yunus has been described by Members of US Congress as a genius economist and great humanitarian. Could he clarify some of the economic design rules that he believes are most important for all youth - be these aiming to be job creating in developing world or the developed world? Where/how can we scale this debate so that all economists and politicians transparently engage in which of dr yunus' pro-youth economic principles they value and which they don't

12.4 Dr Yunus has been experimenting with mobile apps in village longer than any banker or economist. In Year 17 of these experiments, what would he recommend as hottest apps that all youth and microcredit leaders should know about and what segment as vital apps depending which other services beyond finance a particular MFI was founded to communally regenerate?

wider references

  • usaid value chain course
  •  mapping value chains appears to be one of biggest innovations in usaid since obama's commencement in 2009. Two reasons why this should be no surprise are: his mother's pioneering work on microcredit in indonesia in 1980s; current head of usaid is fanatical about how to apply crop science to change value chains in all food security croips most relevant to every locality 




Trust: How and Why do The Economist and Muhammad Yunus map pro-youth economics

In 2013 , The Economist celebrates its 170th birthday as the mediator of end hunger and pro-youth economics. During the 40 years my father Norman Macrae worked at The Economist he developed Entrepreneurial Revolution as the genre for investing in how the net generation creates 3 billion new jobs:


 1 billion clean energy

1 billion celebrating how to web the billion times more collaborative technology of e-

1 billion - community sustaining jobs - the simplest definition of a peaceful and loving world required for the borderless 3rd millennum (and the most exciting goals youth can co-produce) is one where the next child can be born in any community (global village) and have a fair chance of growing up entrepreneurially free and happy - as wished for in 1776 DoI

click pic to download journal of pro-youth economics



grameen developed a 100000 hub model grounded round its members networking- originally village centers of 60 poorest mothers were community market, knowledge-action space as well as weekly banking practice communities. This bottom-up structure became mobilised in 1996 with grameen phone. So yunus social womens networks have had longer than anyone to test the most life saving apps which is why from 2011 he concluded that nurses would become the most valued vilage networkers of live saving apps; also in 1996 the energy division. grameen shakti was born -see the briliant biography "Green Energy for a Billion Poor" by Nancy Wimmer

so on behalf of The Economist founder James Wilson, my dad, and all friends of dr yunus or Bangladesh's bottom-up pro-youth economics at 42 - please tell us of places -eg Scotland, JapanAlabamaNorth Carolina - where we can we bridge the 100000 grameen hubs with hubs wherever youth (and specially girl power's nursing networks) compete to collaboratively create jobs

yunus world hubs for youth's 3 billion jobs search

co-published by NormanMacrae Family Foundation projects http://yunuscity.ning



Charter of Grameen Bank

q1 What would world uniquely miss if grameen bank had never existed- A1 Youth Investment Banking just at decade 2010s when worldwide youth could be 10 times more productive than ever before (discuss) particularly serving 3 half of the world's populations - youth women poorest

q1a what would the world miss without girl power? A1a I need help (eg from journalists like Michael Palin) in answering this question but suspect sustainability of communities and cross-cultural celebrations are goodwill multiplying impacts of girl empowerment -more technically I am a keynsian in believeing that the family is the basic molecule of value exchnage economics so see empowerment of girls, youth and parents as highly inter=retaled wherever social networkng -and indeed all media - leads to positive outcomes by and for all the peoples

q2 What would the world uniquely miss if the first three services of Grameen Bank hadn't been loans, savings, carrots?At Grameen Bank , the membership owners as the world poorest mothers, decided the purpose of family savings: investing in next generation's productivity - especially their children's health and job-creating education. They were mentored in the purpose of loans:  to optimise your microentrepreneurial lifetime  income generating capacity through valued community services - and that back in 1980 the most economical franchise for a bank was a vilage centre of each 60 vilage women where they could pracrice not only laons and savings once a week but own a community marketpllace and knowledge sharing hu8b. So how did carrots become the 3rd service bank managers brought on their weekly visits. Yunus noticed that most of the vilage infants were night blind- health experts told him this was caused by insufficient vitamins in childrens diets.This could be simply cured by helping mothers introduce carrots int meals. So bank managers started bringing one cent packets of carrot seds, vegetable gardens started twinning with every 60 village mother centre, and organic carrot agriculture became a microentreprenurial buisness of healthcare's integration in village development.  

Q4 What is the most economic space for banking branches designed round community's inter-generational invetsments in sustainability? A4 Designing a bank branch as a social network of job creation seemed very valuable as long as ways of innovating this banking architecture could be celebrate over  time. 15 years after the vilage centre and vegetable garden branching of Grameen, the idea moved up a level where the banking centre also became the hub of sharing mobile telecoms. 15 years later today;s big chalenge is whether casheless mobile banking goes branchless or is still integrated around 100000 hub centres. Both experiments are being tried out as bangladesh races to be asian region's straqtegic leader of bank a billion - the next billion people who couldnt be banked for until technology made dealing with 5 cent transactions affordable

q5 Given that  in the early 1980s the pass book in which mothers kept their savings account became the most visible innovation illiterate villagers had ever seen - the question arose- what adversisement should appear on the grameen bank pass book front cover? A5 It was entrepreneurally discovered that an illustration of oral rehydration and weekly discussions of how to hub this knowledge was the greatest value multiplier of rural village ads. 

















 Notes from first 40 years of Entrepreneurial Revolution genre est. The Economist 1972

Tomorrow's workshop -2 billion people - novel suggestions for East Asia
The Economist. Saturday, 7 May 1977.
Pages s7-s11. Vol 263, issue 6975.

Economist Remembrance party 2010


Economist Boardroom launches first in world series of parties celebrating
Entrepreneurial Revolution - next Japan Embassy April 2012

and leaflet for rembrance party world series with Unacknowledged Giant's last article (2008)


other readings

valuing net generation's 3 billion jobs 1984

intrapreneurial now 82 The Economist. Saturday, 17 April 1982.
Pages 47,48. Vol 283, issue 7233.

Asia pacific worldwide century 1975 The Economist. Saturday, 4 January 1975.
Pages 15-18. Vol 254, issue 6854.

Tomorrows Capitalism ER 1976 (European co-translator - a young Romano Prodi) .The Economist. Saturday, 25 December 1976.Pages 41-43. Vol 261, issue 6956.

The Next Forty Years 1972 : Norman Macrae first argues for blending the roles of exponential economics and future historian. Checklist: macroeconomic short-term fixes prompted by world wars needing urgent addressed if world's financial system is not to collapse in 2010s
The Economist. Saturday, 22 January 1972.
Pages s5-s8. Vol 242, issue 6700.

Economical Futures of healthcare 1984

Towards Celebrating The Future Without Politicians 1992 The Economist. Saturday, 21 December 1991.
Pages 17-20. Vol 321, issue 7738.

Japan's lessons for developers 1962 The Economist. Saturday, 8 September 1962.
Pages 57-61. Vol 204, issue 6211.



help us co-edit the story of wash dc 1-301 881 1655

Can you help us with the most relevant Q&A on The Grameen Bank - background I started reseraching Bangladesh's exciting contributions to mobilising net generation's productivity and dreams in 2005 . This was the last 7-year project to be directed by my father Norman Macrae of The Economist ...

Dad didnt quite make it passing in 2010. So his remembrance parties are one way of action debriefing people on my 20 interviews with muhammad yunus, the birthday wish parties with yunus we helped co-sponsor in Dhaka and Glasgow; the yunus 2000 bookclub (and other microeconomics bookclubs we help mediate); the journal of pro-youth economics launched with Adam Smith Scholars at Galsgow University as the biggest wish of Yunus's 7th decade we felt capable of developing as a worldwide youth collaboration (more at )

Q Where to go to partner with microcredits that offer the most productive youthworldbanking? Time permitting we try to track this at by converging information from massinve data logs like but truth be told a most reliable space is - wholefoods is on a mission to double every 3 years the support it structures in developing jobs in communities where it sources products for America's most nutritious supermarket. By 2011 it had helped make its first million (jobs sustainable). To do this it needs to choose partnerships with the most trusted microcredits around the world.  Beyond the original Bangladeshi microcredits, some of our favorites are in kenya, in Malawi a country the Macrae family has a particular concern for, and affiliates of the most sensible microbabanking network yet availabe for ending unemployment across Europe - if you have any experiences of these 3 organsiations tat you want to be relayed to their founders we will be happy to help do this.


what is happening to Grameen inside Bangladesh? Summer 2012-2013 sees Bangladesh enter an election year that may have the most critical impact of any in this young 42 year-old country's evolution. As this web's editors are not experts in Muslim-Spring politicians, we prefer to refer you to ... more

what is yunus and youth ambassador10000 project? we were first briefed on this by Yunus at Bali microcreditsummit in 2008. Our understanding: its the search for 10000 youth whose collaboration mindsets are most like Yunus and top 50 investnent projects that youth's net generation can spend their time co-producing the race to poverty museums - and ending unemployment everywhere . For more see  

how are Norman Macrae remembrance parties progressing pro-youth economics? - three have been staged to date 


  1. At The Economist Boardroom; celebrated Bangladesh at 40 with leading actors of Grameen Scotland; helped to understand the UK's most influential connectors of worldwide microenergy entrepreneurship (Grameen Green) including family shareholders of The Economist, Royal family members, bbc nature correspondents and why not sustainability leaders you know? 
  2. At Hub Westminster, celebration of South Africa's invitation to youth to co-create the virtually free university movement - coordinated by taddy blecher and mobilised by mandela partners such as branson, google africa and kiva. The Grameen Nursing college is both a leading exemplar of growing free university youth and with its healthcare economic goal of ending nurseless villages a yunusworld partners top 50 project born in scotland
  3. At Japan Embassy, Norman's favourite nation for win-win world trade economics invites wizard tech youth from Japan, Bangladesh and why not your sphere of net generation brilliance (eg 1 ) to open source the global village networking economy faster than any network of big bankers can collapse it


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

This site  The Web 

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


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





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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 

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