Maybe I am lowly educated. I don't live in UK, USA or for that matter in Kuwait. But may I ask and anyone of can reply:
1. How many people have come out of poverty level, courtesy Grameen Bank, in Bangladesh? I, with my both eyes open, can see none. But someone can educate with figures.
2. Why there are still poor in Bangladesh? I mean Grameen Bank is operating in Bangladesh for a very long time now.
3. What was the financial status of Dr. Younus when he started Grameen Bank and what is his financial status now? With all due respect to Dr. Younus.
I have lot of respect for Dr. Younus as he has earned lot of good name for Bangladesh. But to me, if anybody has brought disrespect to him, it is Dr. Younus himself.
I am waiting for a response from anyone of you. But my IQ level is low so I will appreciate straight forward response. Please don't take refuge behind the word netri etc.etc. We have heard enough of it and now it stinks. And please come with your real names. I very firmly believe that your parents must have given you nice sweet names. Use that and don't be paranoid of yourself.
With lot of respect
Shafiq
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> You clearly don’t understand math.
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> Let me draw a parallel in the UK - pay day or short term unsecured lending is a relatively new phenomenon. Its commercial but the lending principle is the same as Grameen. Of course in the UK we have law and order so they don’t need to rely on door to door visits for collection!
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> Do you know what the interest is? 40% of the capital to borrow for 20 days.
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> Do you understand why it is that high? Unsecured short term lending in small principal amounts comes with higher risks and higher administration costs. Consequently there has to be a substantially higher interest rate.
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> Go visit www.wonga.com for an education.
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> I have no problem with Grameen. If they’ve helped one person out of poverty that’s one more than any political party has ever done.
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> I’m from Sylhet â€" my family has been looking after the poor in our village for generations and contrary to the pipe dream that is independence, I expect the next 30 generations will have to carry on the burden.
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> Emanur Rahman, UK
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> Emanur Rahman | +447734567561 | <mailto:emanur@... emanur@...
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> From: alochona@yahoogroups.com [mailto:alochona@yahoogroups.com] On Behalf Of Shah Deeldar
> Sent: 23 May 2012 14:05
> To: alochona@yahoogroups.com
> Subject: Re: [ALOCHONA] Dr. Yunus - Not the Founder of Grameen Bank
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> It is not a matter my accepting him or not. His method has not been working in Bangladesh or any part of the world. Twenty percent interest is not affordable for me. How that rate can be good for a poor farmer? The math does not add up.
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> -SD
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> "All great truths begin as blasphemies." GBS
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> _____
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> From: qar qrahman@...
> To: alochona@yahoogroups.com
> Sent: Tuesday, May 22, 2012 9:33 AM
> Subject: Re: [ALOCHONA] Dr. Yunus - Not the Founder of Grameen Bank
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> Why it is so hard to accept Dr. Yunus? The whole world thinks highly of him and continue to respect him among as a pioneer. At the same time he is a human being and NOT perfect. Why some of these low lives have to drag him down to their sorry levels?
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> He represents Bangladesh in international arena in a positive light. We often complain that the world media does not show us in a positive light but when they do, we Bengalis can drag a honorable man to mud in no time.
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> Dr. Yunus is a human being and like every mortal human being he is NOT perfect in every area. But there should be NO doubt he honored our country by getting such an award. Let us cherish the good things and see what we can do for our country. Criticizing comes easily to losers but when it comes to participating in progress of Bangladesh, we do not see much motivation.
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> That is the sad reality of our country. Folks, please find a new hobby and leave him alone.
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> Shalom!
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> -----Original Message-----
> From: Shah Deeldar shahdeeldar@...
> To: alochona alochona@yahoogroups.com
> Sent: Tue, May 22, 2012 6:56 pm
> Subject: Re: [ALOCHONA] Dr. Yunus - Not the Founder of Grameen Bank
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> Look, Norwegian Nobel committee knows the exact quality of the man. Needless to say that not all Nobel prizes are equals. Dr. Yunus was given the prize for a good cause but he has totally failed to do anything with that Gold medal. A sad story indeed!
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> -SD
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> "All great truths begin as blasphemies." GBS
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> From: Modasser Hossain bolonhome@...
> To:
> Sent: Monday, May 21, 2012 9:11 PM
> Subject: [ALOCHONA] Dr. Yunus - Not the Founder of Grameen Bank
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> Dr. Yunus - Not the Founder of Grameen Bank
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> -Rahaat Khan
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> Dr. Yunus’s case related to Grameen Bank is now pending with the Supreme Court. The hearing is adjourned for two weeks from 15th March, 2011. Naturally, any opinion on this sub-judiced matter is prohibited in the eye of law. Hence, I will only put forward some of my personal observation on Dr. Muhammad Yunus and his activities.
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> A man of high esteem, Dr. Yunus has definitely glorified our nation for his Nobel Peace award. And we, being Bangladeshis feel proud of him. But there is a slight misnomer with his reputation. Dr. Yunus is frequently recognized as the founder of Grameen Bank. But the fact does not entirely go with this. The Government of Bangladesh has constituted this specialized bank in 1990 in purview with the existing rules of the land and under the provisions and supervision of Bangladesh Bank. As such, Dr. Yunus may, by large, be considered as the founder managing director of the said bank, not the founder. Any way, he is all in all in the Grameen Bank and his hilarious effort in marketing this bank is enormous. Like many other, it also strikes me that why Dr. Yunus was not interested to have a successor although there was a heresy that for sometime, Khaled Shams, a renowned banker was deemed to the next role leader. But in one fine morning Mr. Shams was removed from this bank and also it was not clear whether he was engaged in any of Grameen’s projects. Anyway, the next name we came across was some Dipal Borua but that too been a faded name for a long while. No doubt, Dr. Yunus’s contribution to the Grameen Bank is fathomless. But it is also an undeniable fact that an institution requires a generation of successive leadership for its sustenance. But we did not spot Mr. Yunus being attentive to this at all. Why? This may be better known to him but my understanding along with many others slates this not as a failure on Dr. Yunus’s part to realize it rather the very wish of life long governance over the institution of even the intention of doing whatever he feels like with this specialized bank.
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> This is a common place that everyone retires after a certain period of service. But the very effort of Dr. Yunus testifies that he wants a life time managing directorship for Grameen Bank. Seemingly, his departure from this grand comradeship will husk a griddling fate to 80 lakh poor people. Mr. Yunus is now 71. Does every death spare any Nobel laureate? If so be the fact, and also the fact remains Dr. Yunus’s absence from Grameen Bank, shatters the fate of 80 lack poor people, naturally people should witness his immortality for the sake of Grameen Bank and the poor. But is that possible?
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> Defying all these Dr. Yunus requires to be on top of the Grameen Bank. It isn’t only because of the dignity of this Nobel laureate, but to the best of my knowledge, rather because of many inter and intra continental trade conglomeration. Okay, there is no harm in such strategic partnership. But many indicates on the unfair pledge especially where any specialized financial institution like Grameen Bank enjoys the provision of non-compliance collateral or equity principles and tax rebate. As such it earned an unequival competitive advantage to override other similar businesses in the market for which it was not meant, rather, the special arrangements on part of the regulators came out of the belief that micro financing and micro credit would be an epitome to relieve poverty. But what our experience narrates is nothing but the tale of an ugly game. When it is expected that Dr. Yunus being a Nobel laureate would do justice to his own dignity more specifically when the awards goes for peace making. But it didn’t go along that line. Mr Yunus didn’t off shoulder his responsibility until he was officially removed by the Bangladesh Bank. Some Western allies including the Friends of Grameen started lobbying and seemed to be very much resolutative for holding his position as MD of the Grameen Bank. Disaster without Yunus!
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> Now, the question is, whose disaster the allies think it to be? Anyway, I restrain myself from commenting on that. Just to raise a little point on the validity of the policy statements of an institution which claims to have a pivotal role in poverty alleviation where the interest rate is 35 to 40 per cent and more interestingly these loan arrangements are triggered towards to the people living below the poverty line. Doesn’t it sound like an impractical imagination? As if a fool dwelling in a paradise! Against this backdrop of Grameen Bank, there are many NGOs in Bangladesh (e.g. BRAC, PROSHIKA, Nijera Kori, KARITAS etc.) which have a long legacy of success story on issues like poverty alleviation, reducing child mortality and pregnant women, population control, women empowerment, development of sanitation in rural and slum areas etc. Does the Grameen Bank record any visible contribution to the above-mentioned programmes or areas with its high-rated interest provision? Then, it is not an exaggeration or over-statement that the Grameen Bank effort was more focused on financial transaction based on a mercenary-like attitude and style than effective poverty alleviation.
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> Despite all these, Dr. Yunus was awarded Nobel peace price for his `contribution’ to poverty alleviation and helping reducing the threat of anarchy due to extreme poverty in society thus bringing smiles to millions of faces in rural Bangladesh. This Nobel price in fact struck many conscious minds. A man who has never uttered a single word protesting against the 1971 genocide by Pakistan, rather stayed in USA to remain in safe zone; who has always kept aloof during natural and political calamities in Bangladesh (only except the post one-eleven incident). Rather, it is him, the man who has little visible contribution to poverty alleviation rather but for conceptualizing micro credit to the poor with an enormous interest rate and thus became a mercenary Dr. Yunus who has been awarded the Nobel Peace price for peace? What else could this be called than just doing a mimic to peace by the Nobel granting committee? I have always praised Mr. Yunus as a successful entrepreneur; however, I still have some reservations and queries regarding him:
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> A Bangladeshi by birth, why Dr. Yunus never has visited our national mausoleum in Savar, or shrine of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman? Nor have we ever seen him saying anything regarding Bangabandhu. His snobbish attitude and disregard to Bangabandhu and all glorious achievements of Bangalee nation hurt me the most. Should such a personality deserve respect? Moreover, the man who intended to brand all politicians as corrupt during the post one-eleven scenario; and who consented to take responsibility of ruling the country but with an assurance for 10-year stay in power has been much downgraded from his dignity and esteem. Time will say what will be the legal fate of Dr. Yunus. But Mr. Yunus, you have lost much of the glare of a Nobel laureate by now. This is really a misfortune for the whole nation.
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