Visiting a Village--Part 1

Written on 02/08 at 03:26 PM by Andy Posner 0 comments

Filed under: philosophy Business environment brown micro credit News

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Andy and Jill with a Grameen Bank Center Manager and Borrowers

If you talk to anyone at Grameen Bank they will tell you that the real bank can only be found by going to the villages where Grameen operates.  Grameen, after all, means rural, and in fact by law Grameen can only operate its lending programs in the villages.  It is for this reason that on our third day in Bangladesh we--Jill, me, an Australian named Mark, our translator Matin and Mark’s translator Yunus--are all crammed into a mini-van barreling down the roads that lead to Rashahi, the zone that we will be visiting. Traffic here is an eclectic mix of motorcycles, bicycle rickshaws, cars, trucks hauling absurdly large loads and comically unstable buses all chaotically weaving and swerving, honking and narrowly avoiding catastrophe. 

After 6 hours of bouncing along these roads we are happy, if not relieved, to have arrived at the Branch that will be our home for the next 10 days.  It is a two-story building--the first occupied by Grameen--with two small rooms for guests.  In order to understand where branches fit into the Grameen hierarchy, I need to take a moment to explain how the bank is organized.  For in truth, Grameen is nothing short of an organizational miracle.  In fact, I would go so far as to say that while Dr. Muhammad Yunus is praised for recognizing that the poor can be credit worthy, his real, lasting achievement is in the details of how he goes about delivering that credit to them in a cost-effective manner.

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A Story on Super Bowl Sunday

Written on 02/07 at 06:26 PM by Andy Posner 0 comments

Filed under: philosophy

This morning I was thinking about the fact that throughout America people today are resting, attending church and making preparations for watching the Super Bowl, while at the same time in Haiti, in Iraq, in Myanmar, and in so many unknown villages, slums and cities around the world there are people deprived of food, justice and dignity.  And it occurred to me that the great responsibility of living in a free society is to strike a balance between fully enjoying that freedom--and the comfort and security it affords--without turning a blind eye to the lack of freedom elsewhere.  How do we confront the horrors of Haiti without reducing our own hearts to rubble? Yet if we can look at these things with clarity and not turn away, then we can find sustainable, practical solutions. 

Yes, that is our task.  What follows is the story of how I came to that realization.

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First Experiences With Bangladesh and Grameen

Written on 01/08 at 03:16 PM by Andy Posner 0 comments

Filed under: philosophy Business environment brown micro credit

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This photo shows one of the Grameen center meetings

First Impressions of Bangladesh and Grameen Bank

When Jill and I landed in Dhaka on Sunday the city was shrouded in an intense fog that, we later learned, is quite common this time of year.  The scene when we walked outside the airport was pretty much what one would expect of a third world capital city: people everywhere; rickshaws competing for space with taxis and buses and all manner of other vehicles, human, animal and fossil-fuel powered; bustling markets; polluted air, etc.

We were taken to the Grand Prince Hotel and then immediately met up with our interpreter, Matin, who accompanied us to Grameen Bank’s head office.  Our first adventure took place when Muhaimeen hailed a bicycle rickshaw that, in just three chaotic minutes, brought us to the office.  Amazingly, Grameen, a Bank that exists for and is owned by the poor, has a 21 story head office, one of the tallest buildings in the area.  One can’t help but feel that Grameen is a kind of conglomerate for good: leveraging all the ingenuity, efficiency, scale and power of corporations while being driven entirely by the motive to eradicate the world of poverty, of pollution, of injustice.  The numbers are staggering: Grameen has 8 million borrowers, 97% of whom are women and all of whom are poor.  They have 20,000 employees, a staggeringly high repayment rate, 4 million bank accounts for non Grameen borrowers (all borrowers must open an account so that they can deposit their required weekly savings there), and have turned a profit all but three years of operation.  Lastly, they are 95% owned by the borrowers themselves--each borrower gets a share in the company--and 5% owned by the Bangladesh government.  In short, Grameen’s Nobel Peace Prize was well deserved.

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The Commencement Speech That Never Was

Written on 04/30 at 01:42 PM by Andy Posner 0 comments

Filed under: philosophy brown News

Several weeks ago I was nominated--and then auditioned--to speak at the commencement ceremony for graduating graduate students from Brown.  Though I was not selected to be the speaker (I have some conspiracy theories on that front, I assure you!) I would like to share the text of the speech that I wrote, because I believe it captures the essence of how I feel about leaving the confines of the university and entering the ‘real world.’

New Opportunities in A Global Century of Innovation

At first glance it would seem that now is an inopportune time to leave the grounds of the university and venture out into the world.  After all, between rising unemployment, a financial system in disarray, and a whole host of other local, regional and global problems ranging from urban blight to climate change, it would seem that the prospects for putting our newly minted skills to work as teachers, researchers, entrepreneurs and employees of firms large and small are, to put it bluntly, dim.  Yet we are also entering a world rife with unprecedented opportunities for those willing and able to take advantage of them.  An explosion of innovation in information technology has made it easier for more people to collaborate to tackle poverty, to create new products and services, and to share thoughts, ideas and experiences.  The cost of renewable energy is falling.  Social entrepreneurs are creating self-sufficient businesses that solve social and environmental problems.  The list is seemingly endless, and I believe that regardless of our particular field of study, as graduates of one of the finest universities in the nation, we are in a unique position to seek out these opportunities and apply our intellectual and financial capital toward them.

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Dream Forcefully, Speak Loudly, Act Boldly

Written on 01/14 at 02:09 AM by Andy Posner 0 comments

Filed under: philosophy

As I like to do from time to time, I just indulged my longing for inspiration by re-reading Dr. Martin Luther King’s brilliant Letter From a Birmingham Jail, and watching the I’ve Been to the Mountaintop speech, which he gave the day before being assassinated.  My heart is aflame with the greatness that spilled forth from his fingers and his vocal chords, and my mind has been set free upon the vast web of justice that weaves its way through the crowd of injustice and indifference that fills the hallways and stairways of history.  And as my mind takes that circuitous and precipitous journey I am inclined to ponder the powerful and untapped potential of language, the way in which audacious metaphors, wild, jagged, irreverent intonations and history-laden gesticulations can cut through suffering, can alter the current that carries with it the status quo.

I disdain the trepidation with which most speak, the reluctance to invoke gods, myths, great men and women, poems, stories, hymns and legends.  I cannot tolerate the assertion that poverty and pollution are inevitable or unsolvable.  I laugh at the thought that idealism is only for the young.  I want to shout with the loudspeakers of my lungs that anything is possible, that a dogged, unwavering passion for Truth and Justice can overcome a tsunami of hatred or ignorance.  I weep at the words “I can’t,” and feel bliss when I hear the phrase “I have an idea. . .”

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Green Microfinance: Advancing Social Equality and Environmental Sustainability in the United States

Click here to download a PDF of my complete thesis. Questions and comments are much appreciated!

My masters thesis in Environmental Studies at Brown University looks at how microfinance--the provision of small…

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A Solution to the Limited Success of Micro-Credit in the United States?

Micro-credit has undoubtedly been a runaway success in developing countries as a tool of both poverty alleviation and economic development.  To date, some 100 million people have been reached by micro-loans, and Muhammad Yunus, the founder of the Grameen Bank…

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Tonight, the Oneness of Things

It is late and my mind should be drifting through the colorful abyss of deep sleep, yet instead i find that tonight sleep will not come.  I am like a hungry flower who dreams of bees so ardently that all…

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