[Jobs] Entrepreneurship from below

[Robert Jaquiss]

Hello:

     A Google search for "Luis Enrique Bazan" gave the following web site:

http://www.childrensaidfund.org/aboutus.html

A search for Right Reality gave the site:

http://www.rightreality.com

Hope this helps.

Regards,

Robert Jaquiss

Regards,

Robert Jaquiss

----- Original Message ----- 
From: "Edwin Rodriguez" <jibaro at rcn.com>
To: "Jobs for the Blind" <jobs at nfbnet.org>
Sent: Sunday, November 05, 2006 5:45 AM
Subject: Re: [Jobs] Entrepreneurship from below


> Does anyone know how to get in touch with the organization
> Luis Enrique Bazan works with?
> ----- Original Message ----- 
> From: "Peter Altschul" <atschu at erols.com>
> To: <employment at acb.org>; "'Jobs for the Blind'" <jobs at nfbnet.org>
> Sent: Thursday, October 26, 2006 2:25 PM
> Subject: [Jobs] Entrepreneurship from below
>
>
>> Entrepreneurship from below
>>
>>
>>
>> by Luis Enrique Bazan
>>
>>
>>
>> Carolina is a young woman who for a very long time had to accept any kind
>> of
>> work in order to feed her two children. Tired from working in very poor
>> conditions, being exploited, and making very little amount of money, she
>> asked an organization to lend her some money.
>>
>>
>>
>> The money she borrowed allowed her to start selling flowers in the
>> streets.
>> The cash flow from the initiative allowed her to pay the loan back, buy
>> more
>> flowers, and feed her children. Her micro-business developed so much that
>> she was able to have a stable income, and feed her children three times
>> per
>> day.
>>
>>
>>
>> Stories like Carolina's have multiplied around the world and are being
>> celebrated by the Nobel Peace Prize Committee.
>>
>>
>>
>> The 2006 Nobel Peace Prize was awarded to Bangladesh's Muhammad Yunus,
>> 65,
>> and the bank he founded, Grameen Bank, for their pioneering use of
>> micro-credit - loans of tiny amounts to transform destitute people into
>> entrepreneurs.
>>
>>
>>
>> Dr. Yunus founded Grameen bank with the conviction that poor people can
>> be
>> both reliable borrowers and avid entrepreneurs. The bank lends small
>> amounts
>> of cash - often as little as $20 - to local people, especially women, who
>> could use it to fund or sustain a small business.
>>
>>
>>
>> Grameen Bank was the first lender to hand out micro-credit without asking
>> for collateral. Traditional banks considered poor people too risky to
>> lend
>> to, and the amounts they needed too small to bother with.
>>
>>
>>
>> The principle behind the micro-loans is that it is possible to achieve
>> lasting improvements to people's living standards with a little bit of
>> capital, and that the poor could be as creditworthy as the rich. The
>> repayment is based on an honor system: the borrowers take out loans in
>> groups of five, once two members of the group have borrowed money, the
>> other
>> three must wait for the funds to be repaid before they get a loan.
>>
>>
>>
>> The results are hard to argue with: since the bank's creation in 1983,
>> Grameen has lent more than $5.7 billion to 6.6 million people, the
>> interest
>> rate is of 16 percent, and has a 99 percent repayment rate. This success
>> has
>> inspired many imitators, and encouraged other banks in many developing
>> countries to take up microcredit lending as well.
>>
>>
>>
>> Since Yunus gave out his first loans in 1974, micro-credit schemes are
>> now
>> considered a key to alleviating poverty and spurring development.
>> "Lasting
>> peace cannot be achieved unless large population groups find ways in
>> which
>> to break out of poverty," the Norwegian Nobel Committee said.
>> "Micro-credit
>> is one such means. Development from below also serves to advance
>> democracy
>> and human rights."
>>
>>
>>
>> This is the first time that The Nobel Committee has chosen to award the
>> peace prize to a profit-making business. The selection highlights that
>> private enterprise is essential to attacking poverty and to creating
>> peace.
>>
>>
>>
>> The desire of the poor to produce, innovate, and work always exists, but
>> even the most hardworking people cannot dream of a good life without
>> economical resources. People rise out of poverty every day. People can
>> change their own lives, if they are provided with the right kind of
>> support.
>>
>>
>>
>> The availability of economical resources is unleashing the energy and
>> creativity of each human being to respond against poverty and control
>> their
>> own development. The entrepreneurship from the bottom is creating a new
>> culture of confidence and self-dignity by building businesses that are
>> not
>> at the mercy of anyone else.
>>
>>
>>
>> *Luis Enrique Bazan is a partner of Right Reality and executive director
>> of
>> its Children's Aid Fund.
>>
>>
>
>
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