Inspirational book "Give Us Credit" (Microfinancing)
http://www.indiatogether.org/reviews/counts.htm
Access to credit is a fundamental human right
Ashwin Mahesh reviews Give Us Credit, by Alex Counts.
March 1999: Imagine you're a moneylender of some sorts. A banker, perhaps, in a respectable institution, with millions, possibly billions, at your command to support new ventures. One fine morning, an unkempt, illiterate man walks in your front door, with a simple request. I have no money, no collateral of any sort, and to all appearances, I have very little means of sustaining myself even at my current economic level. I have never before managed my own business, and have never owned anything more substantial than a few pots and pans. However, I've got an idea, and if I had a few bucks to get it going, I would not only raise myself out of poverty, but would also repay your money.
Would you lend him the money?
Mohammed Yunus would, and think nothing of the risk. Banking institutions are tailored to a world that the poor do not inhabit, and even developmental banks have never exhibited an understanding of this basic truth. To get around their failures is a life's work, even for the most committed. And so sometimes, the details of our efforts are the inspiration, not the grand acclaim they might get. That is the message in Alex Counts' book, Give Us Credit. This is the extraordinary story of Grameen Bank's microlending success, along with a parallel story of a similar project in Chicago's South Side. It is a story of individual lives, a story that revels in the endurance of the human spirit. For the thousands of us who recognize the names "Grameen Bank" or "Yunus", it is an eye-opener, a manual for preparedness, in some sense.
Give Us Credit may be available from Amazon.com, and if not in stock, can still be ordered through Amazon's network. Place your order for this book using this link and ASHA will receive 15% through the Amazon Affiliates program.
• Sixteen decisions |
For all the noble intentions we might bring to developmental work, we must nevertheless pass frustrating hurdles, sometimes ones placed before us by those we seek to empower, and sometimes by others. The impoverished are prone to the same failings as anyone else; of morality, financial indiscretion, or of simply being lazy every once in a while. Within every society there are those who benefit from the status quo, like the drug peddler in inner-city areas, the village elder who has a stake in preserving patriarchy. Combined with the machinations of outsiders, such as the petty urban businessman who would cheat a villager out of a few measly bucks, or the aid-agency consultant who lives high off grant money while the alleged beneficiaries continue to suffer, there are powerful obstacles to social change.
And yet positive change can be wrought. The drug peddler can be intimidated, politicians can be shamed, women can be empowered despite the resistance of their male relatives, and discipline can be fostered to ensure successes. Counts has written a remarkable book, chronicling his own involvement with Grameen Bank, yes, but presenting from his observations a story of measured and incremental progress towards betterment, often beset with setbacks along the way. If you're a policy wonk who's really inspired by the macroscopic details of radical change, and are inspired by simple and powerful observations, read the first fifty pages. On the difficult days when your efforts to improve a small part of your world seem a shade defeated, flip to any other page.
The full story is also a necessary part of creating positive change. Poverty and illiteracy don't exist in a vacuum; there is a history that has engendered them, and recognizing this is crucial. Racism in Chicago, and religious mores in rural Bangladesh are both storied matters. The largely white working class neighborhoods turned violent and black-dominated through many years of social change, and the pride that was Bengal fell from its grace through decades of alteration. Alex Counts' telling of change in these worlds far removed from each other suggests two important things. One, that without looking back at a past that angers us, we must be able to seek a future that seems bright. And two, that even those in the most deprived of environs have the ingenuity and and wherewithal to create better lives for themselves.
These messages transcend the cultural environs where they are learned, too, and surprisingly at that. Who would have believed that an economics professor working with the poor in Bangladesh would have much to teach American social policy experts on how to empower those in the inner cities? As Counts himself notes, not many, and yet the evidence suggests that Yunus has tapped into an understanding of human enterprise that suffers few boundaries. Combined with the integrity of the successful microcredit lending institutions profiled in the book, and the powerful personalities fighting difficult odds to better themselves, the book is an inspiring read. Additionally, though, it gives pause to ponder how challenging positive change can be, and that is a lesson well learned.
Ashwin Mahesh
March 1999
Give Us Credit may be available from Amazon.com, and if not in stock, can still be ordered through Amazon's network. Place your order for this book using this link and ASHA will receive 15% through the Amazon Affiliates program.