Friday, April 25, 2008
Yunus Video of month - when Dr Yunus Youtubed in Downing Street for PM Gordon Brown
Scene 1 Greeting
Prime Minister Gordon Brown: Hello How are you, what a pleasure
Muhammad Yunus: It’s a pleasure for me
PM : It’s good to see you
(They Shake Hands)
Scene 2 Muhammad Yunus Introduces himself to the camera from the heart of 10 Downing Street
I am Muhammad Yunus from Bangladesh with Grameen bank. We lend money to extremely poor people for income generating activities. I am suggesting that Africa needs a lot of microfinance programs – tiny loans 30 dollar, 45 dollar 100 dollar – and paid back in weekly installments. It doesn’t need any collateral. It doesn’t need any lawyers into it but the repayment rate is very high: 98% or 99%.
Microfinance is very important because it allows people to bring out their own initiative, bring out their own capability. And they can move on their own speed to cerate income, to get out of poverty. And people in Africa are very enterprising people, particularly women. Microfinance focuses on women. Today in Bangladesh within Grameen Bank we have 7.5 million borrowers a- 97% of them women. The Prime Minister is very much aware of it; very supportative of it. So we will discuss how to make it happen in Africa
Scene 3 PM and Dr Yunus sitting round a cup of tea
PM There is so much goodwill to the work you have been doing, and it is so important
Scene 4 After tea: Muhammad Yunus denouement
At the same time, we will be discussing another concept – the social business : business to do good to people - (show copy of Dr Yunus new bestselling book Creating a World Without Poverty- Social Business, The Future of Capitalism ). This is business where you aim at the social objectives, not for making money for yourself. You cover your cost, make profit but the profit doesn’t go to investors or outsiders but stays with the company to achieve the goal that you set out to help achieve or lead.
Posted by chris macrae at 12:38 PM