mason-zambia may 2709
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May 26, 2009 by Contact information: [email protected], (202) 6838909. Copyright Joseph R. Mason, 2009. All rights reserved. Risk Transfer Linked Issue The Future 1 •Social Networks •Opportunity •Reputation Foundations of Microcredit Foundations of Microcredit Foundations of Microcredit Grameen Bank’s 16 Decisions 1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives.TRANSCRIPT
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The Failed Subprime Credit Experiment and Benefits for
Developing CountriesMay 26, 2009
by
Dr. Joseph R. MasonHermann Moyse, Jr./Louisiana Bankers Association
Endowed Professor of Banking, Louisiana State University; Senior Fellow, The Wharton School; and
Partner, Empiris LLC
Contact information: [email protected], (202) 683-8909. Copyright Joseph R. Mason, 2009. All rights reserved.
Risk TransferLinked IssueThe Future
1
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Foundations of Microcredit
•Social Networks
•Reputation
•Opportunity
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Foundations of Microcredit
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Foundations of Microcredit
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Foundations of Microcredit
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. 2.0 Prosperity we shall bring to our families.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. .
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. .
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. . 7.0 We shall educate our children and ensure that they can earn to pay for their education.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. . 7.0 We shall educate our children and ensure that they can earn to pay for their education.8.0 We shall always keep our children and the environment clean.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. . 7.0 We shall educate our children and ensure that they can earn to pay for their education.8.0 We shall always keep our children and the environment clean. 9.0 We shall build and use pit-latrines.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. . 7.0 We shall educate our children and ensure that they can earn to pay for their education.8.0 We shall always keep our children and the environment clean. 9.0 We shall build and use pit-latrines. 10.0 We shall drink water from tubewells. If it is not available, we shall boil water or use alum.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. . 7.0 We shall educate our children and ensure that they can earn to pay for their education.8.0 We shall always keep our children and the environment clean. 9.0 We shall build and use pit-latrines. 10.0 We shall drink water from tubewells. If it is not available, we shall boil water or use alum. 11.0 We shall not take any dowry at our sons' weddings, neither shall we give any dowry at our daughters wedding. We shall keep our centre free from the curse of dowry. We shall not practice child marriage.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. . 7.0 We shall educate our children and ensure that they can earn to pay for their education.8.0 We shall always keep our children and the environment clean. 9.0 We shall build and use pit-latrines. 10.0 We shall drink water from tubewells. If it is not available, we shall boil water or use alum. 11.0 We shall not take any dowry at our sons' weddings, neither shall we give any dowry at our daughters wedding. We shall keep our centre free from the curse of dowry. We shall not practice child marriage.
12.0 We shall not inflict any injustice on anyone, neither shall we allow anyone to do so.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. . 7.0 We shall educate our children and ensure that they can earn to pay for their education.8.0 We shall always keep our children and the environment clean. 9.0 We shall build and use pit-latrines. 10.0 We shall drink water from tubewells. If it is not available, we shall boil water or use alum. 11.0 We shall not take any dowry at our sons' weddings, neither shall we give any dowry at our daughters wedding. We shall keep our centre free from the curse of dowry. We shall not practice child marriage.
12.0 We shall not inflict any injustice on anyone, neither shall we allow anyone to do so.13.0 We shall collectively undertake bigger investments for higher incomes.
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Grameen Bank’s 16 Decisions1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. . 7.0 We shall educate our children and ensure that they can earn to pay for their education.8.0 We shall always keep our children and the environment clean. 9.0 We shall build and use pit-latrines. 10.0 We shall drink water from tubewells. If it is not available, we shall boil water or use alum. 11.0 We shall not take any dowry at our sons' weddings, neither shall we give any dowry at our daughters wedding. We shall keep our centre free from the curse of dowry. We shall not practice child marriage.
12.0 We shall not inflict any injustice on anyone, neither shall we allow anyone to do so.13.0 We shall collectively undertake bigger investments for higher incomes.14.0 We shall always be ready to help each other. If anyone is in difficulty, we shall all help him or her.
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Grameen Bank’s 16 Decisions
1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. . 7.0 We shall educate our children and ensure that they can earn to pay for their education.8.0 We shall always keep our children and the environment clean. 9.0 We shall build and use pit-latrines. 10.0 We shall drink water from tubewells. If it is not available, we shall boil water or use alum. 11.0 We shall not take any dowry at our sons' weddings, neither shall we give any dowry at our daughters wedding. We shall keep our centre free from the curse of dowry. We shall not practice child marriage.
12.0 We shall not inflict any injustice on anyone, neither shall we allow anyone to do so.13.0 We shall collectively undertake bigger investments for higher incomes.14.0 We shall always be ready to help each other. If anyone is in difficulty, we shall all help him or her.15.0 If we come to know of any breach of discipline in any centre, we shall all go there and help restore discipline.
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Grameen Bank’s 16 Decisions
1.0 We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Page 2 of 16 2.0 Prosperity we shall bring to our families.3.0 We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.4.0 We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus5.0 During the plantation seasons, we shall plant as many seedlings as possible. 6.0 We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. . 7.0 We shall educate our children and ensure that they can earn to pay for their education.8.0 We shall always keep our children and the environment clean. 9.0 We shall build and use pit-latrines. 10.0 We shall drink water from tubewells. If it is not available, we shall boil water or use alum. 11.0 We shall not take any dowry at our sons' weddings, neither shall we give any dowry at our daughters wedding. We shall keep our centre free from the curse of dowry. We shall not practice child marriage.
12.0 We shall not inflict any injustice on anyone, neither shall we allow anyone to do so.13.0 We shall collectively undertake bigger investments for higher incomes.14.0 We shall always be ready to help each other. If anyone is in difficulty, we shall all help him or her.15.0 If we come to know of any breach of discipline in any centre, we shall all go there and help restore discipline.16.0 We shall take part in all social activities collectively.
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Grameen Bank’s 16 Decisions
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In Africa, 'Poverty Has a Female Face'
•The global economic crisis will have a major impact on women •Girls, more than boys, will suffer in areas such as education and infant mortality •The plight of women must be incorporated in any economic development strategy
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In Africa, 'Poverty Has a Female Face'
•Social Networks
•Reputation
•Opportunity
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The Failed Subprime Credit Experiment and Benefits for
Developing CountriesMay 26, 2009
by
Dr. Joseph R. MasonHermann Moyse, Jr./Louisiana Bankers Association
Endowed Professor of Banking, Louisiana State University; Senior Fellow, The Wharton School; and
Partner, Empiris LLC
Contact information: [email protected], (202) 683-8909. Copyright Joseph R. Mason, 2009. All rights reserved.
Risk TransferLinked IssueThe Future
25