Tag Archive: Muhammad Yunus



I admire what these young men are doing. It made me wonder how will I fair if I was doing the same experiment.  They say experience is the best teacher.  And these boys are immersing themselves in the lives of the poor to gain awareness of their living conditions and to see if microfinance is really sustainable.  This is something I’d like to answer myself.

I have been impressed by the idea of Muhammad Yunus on microfinance and have since believed in his advocacy. But it has always intrigued me of what a few of his critics claim that the poor are getting into further debt trap in this kind of system. I can’t help but wonder if those really have a basis or its just a phase that the micro-entrepreneurs will have to go through at first but will eventually grow out from through hardwork.  There might be some truth to this but compare this to the number of people who were helped by this system..  I found more success stories than the negative feedback.  So, I still believe more that empowering poor people who lack access to capital will help them get out of poverty or at least idleness.  As the saying goes “Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.”
Giving this people capital to empower them to start a small business, rather than donate them goods, will make them capable of sustaining themselves.  It will give them a sense of purpose and power that THEY CAN lift themselves out of their poverty.   This claim can be further strengthened by experiments like this and can either prove or disprove negative claims.

I have a curious personality.  I always want to try stuff even if other people warned me against it.  I want to know for myself so I try it anyway.  😀 I have all the time now to do this.. now that I have decided to devote my life to helping the poor, the society in any little way i can.. I probably just need 2 or 3 more people. Hmm… and that’s hard, who would want to try to live one dollar a day.  I don’t even know if I can do this.  But what the heck, I want to try it just for the sake of curiosity and adventure. =D This will definitely be in my Bucket list.

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Been sitting on this social entrepreneurship idea of helping poor rural artisans market their handicraft via the web.  I am distracted all the time because there is this lingering fear in me that it might not work or I’m not capable of accomplishing such..  but time and again my faith and the belief that this is God’s will for me has led me on the path to continue.  So how do i start?  This morning I was looking for inspiration and where’s the best way to get it? @www.ted.com.  There are hundreds of ideas and inspirational stories of Entrepreneurs there who have succeeded in changing the world.  There’s so many that struck me but 2 of them have moved me to a more practical way of starting this vision of mine.  It is to do an experiment first.  Don’t think of a big launch because it will overwhelm you, which it did for me.  Think of a small experiment and if does make some positive change relevant to your vision, then launch it and get other people who believe in the same cause join the boat. 🙂

Here are the two women who inspired me today:

Jessica Jackley of Kiva

– http://www.ted.com/talks/lang/eng/jessica_jackley_poverty_money_and_love.html

Jacqueline Novogratz on Patient Capitalism

– http://www.ted.com/talks/jacqueline_novogratz_on_patient_capitalism.html

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