[Homestead] Grameen "banks"
tvoivozd at infionline.net
Sun Sep 5 16:20:46 EDT 2004
Toni Hawryluk wrote:
> > Tvoivozhd---compassion is a poor engine for reform---it quickly
> burns out and relapses to the status quo. Self interest is more
> reliable. If the poor were perceived as a potential, but undeveloped
> market, you would have the business class clamoring to exploit a new
> opportunity. However our own poor within our own borders are
> perceived as worthless, indolent creatures upon which it is useless to
> expend money except for maintenance via soup kitchens and to some
> extent, temporary shelters. Grameen banks have proven this concept to
> be faulty, but we do not have
> Grameen banks here or in poor Arab sections of rich Arab nations.
> When I read the "story" of the original Grameen
> bank (this was some years ago) I was struck by
> two things :
> first - the piddley (from a current industrialized
> population viewpoint) $.amounts which, lent to the
> "right" person, produced *such* results, and
> second - that the "right" people were *all* women.
tvoivozhd---not surprising at all. In most societies dominated by
instiutionalized religion (including our own) women are excluded from
participation. It wasn't long ago that women in the U.S. could not own
property, could not vote, could not hold public office and if slaves
could be pursued, savaged and if their owner so chose, put to death
without repercussion. Here the glass ceiling is a well-known phenomenon
and wild disparity between pay for males and females, with one good
result, most biisinesses are now started and owned by women in the U.S...
Women in any society tend to be more responsible than males, make better
banking risks. The Grameen Bank in addition, inculcates even greater
responsibility by lending to groups of women, making a group responsible
for the debts of each individual woman, so they watch and cooperate with
each other to minimize their own financial risk. Moreover, women in the
Grameen experience, put aside a portion of their earnings to be
re-invested in their initial or related business, so the multiplication
factor is very high., and small initial amounts of capital quickly grow
to large size. Grameen banks quite literally do not have credit losses.
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