Life Moves On

The core of microfinance programmes go beyond mere access and distribution of money, to deeper issues of how money is utilized and invested by low-income individuals. It helps in fostering and developing a micro, community-based environment where existing networks and interlinks are strengthend. It is important therefore to understand that microfinance dosen’t stand alone, but overlaps on existing developmental activities and helps in their implementation.

Eight such issues are presented here, with supporting good practices in microfinance management:

1. Organizational and operational aspects
2. Networking and information gathering
3. Community and kinship development
4. Skill and vocational development
5. Leadership development
6. Trust building
7. Small enterprise management
8. Education and health

So Microfinancing means not only money trading or trafficing it also deals with Social reformation. Proper Microfinancing can change the root of any starving society.

Microcredit is the extension of small loans to enterpreneurs too poor to qualify for traditional bank loans. It has proven an effective and popular measure in the ongoing struggle against poverty, enabling those without access to lending institutions to borrow at bank rates, and start small business.

But there are some flaws with Microcredit like:

The 2006 Peace Nobel laureate Muhammad Yunus, the bank’s founder, earned a doctorate in economics from Vanderbilt University in the United States. He was inspired during the terrible Bangladesh famine of 1974 to make a small loan of $27 to a group of 43 families so that they could create small items for sale without the burdens of predatory lending.Yunus believed that making such loans available to a wide population could ameliorate the rampant rural poverty in Bangladesh.

The system is the basis for the microcredit and the self-help group system now at work in over 43 countries. Each group of five individuals are loaned money, but the whole group is denied further credit if one person defaults. This creates economic incentives for the group to act responsibly (such as other members then being able to receive additional loans), increasing Grameen’s economic viability.

In a country in which few women may take out loans from large commercial banks, the fact that most (96%) loan recipients are women is an amazing accomplishment. In other areas, Grameen’s track record has been equally astonishing, with very high payback rates—over 98 percent. However, according to the Wall Street Journal, a fifth of the bank’s loans were more than a year overdue in 2001. More than half of Grameen borrowers in Bangladesh (close to 50 million) have risen out of acute poverty thanks to their loan, as measured by such standards as having all children of school age in school, all household members eating three meals a day, a sanitary toilet, a rainproof house, clean drinking water and the ability to repay a 300 taka-a-week (8 USD) loan.

In my next post you will check out the 16 basic decissions of Microcredit

India is now under attack of a lethal disease called Dengue – it is mosquito-borne infection. According to Indian Health Ministry dengue virus has killed at least 125 people in India. A total number of 7,100 cases and 125 deaths have been reported from India as a whole and dreadfully with 2,051 cases, New Delhi and neighboring states have been the worst hit by the viral infection transmitted to humans through bites of the female Aedes mosquitoes.
Dengue viruses are transmitted to humans through the bites of infective female Aedes mosquitoes. Mosquitoes generally acquire the virus while feeding on the blood of an infected person. After virus incubation for 8-10 days, an infected mosquito is capable, during probing and blood feeding, of transmitting the virus, to susceptible individuals for the rest of its life. Infected female mosquitoes may also transmit the virus to their offspring by transovarial (via the eggs) transmission, but the role of this in sustaining transmission of virus to humans has not yet been delineated.
Besides dengue, the ministry also said 1,665 people had been diagnosed with chikungunya, another viral disease transmitted through the Aedes aegypti mosquito.
The government of Kerala said last week that chikungunya had claimed 86 lives amid reports of tens of thousands of cases. But the Central government said the deaths were not directly attributable to chikungunya as the victims had been weakened by other underlying conditions such as heart problems. Chikungunya causes high fever and headache, but is rarely fatal, according to the WHO.

Once a man went to a Veterinary (Animal) Doctor and said: Doctor I came on vacation so that I can get treated. Doctor: I think you should go to the Doctor opposite to my clinic
Man: No, I am coming to you.
Doctor: But, I am a Veterinary Doctor. I am an animal specialist.
Man: I know, but I want you to treat me.
Doctor: I cannot, because you speak like me and think like me which means you are a human, not an animal.
Man: I know I am same and I am a human but the problem is
I get up in the morning like a horse
I go to work like a deer
I work all day like a donkey
I wag my tail in front of my manager like a dog
I play with my children like a monkey
I am like a rabbit in front of my wife
Doctor asked: Do you work in any IT MNC
Man: Yes
Doctor yelled: Come dear, no body will treat you better than me.

Hope you will get some message out of this post.

The recipes to cook your success story were depicted by the GOD in this ON@CC. Before proceeding to that I guess I should make one thing clear that although I am not in an Indian call center but I can feel the work pressure and job security problem in this field as I am in a SEI-CMM Level5 IT company. The pressure and security problems are same. Its not enough to have a 15 grand compensation for this pressure. But I am afraid my friend we have to deal with this. Lives in IT MNCs are been sucked and we can’t protest against of it as we love our job more than our self-respect. Anyways lets get back to the point the recipes of success according to the GOD for that we need one example here so I am taking myself in place of Shyam as an exhibit.

So recipe no. one is Ambition…yes to be successful you need ambition but would you do if your TL is like mine…who hardly differentiate between his team members and resources. For him we are nothing but resource or raw material for his managerial success. I wish I would teach him to differentiate this…trust me it will be more pleasure than to have a Domino’s Pizza with Chicken Hot Dog.
Recipe no. two is imaginativeness … this thing is very rare in the IT and ITES employees as we get 5-6 hours to sleep so when should we imagine.
Recipe no three is Failure…yes that’s the point which is very important for everyone until unless you taste failure you won’t dare to take risk. Failure lets you know the worst possibility and you can take those shits over.
Recipe four Self-Confidence…I was lacking far behind in confidence due to some wrong things happened to me but thanks to Chetan and my friend Rini who helped me to get it back. So dudes and chicks get your confidence back and pull your hands out of your pocket…GOD helps those who follow HIS words.

My next post is coming shortly…