Sa-Dhan to Host Microfinance Conference in New Delhi

Sa-Dhan, an association of community development finance institutions in India will host a National Microfinance Conference in New Delhi on March 31, 2009. The conference is centered on the theme, ‘Microfinance Ecosystem: Equilibrium Between Growth & Effectiveness’.

One of the goals for this event is for Sa-Dhan member organization to come together with academicians, practioners and policy makers to strategize on ways to overcome issues plaguing microfinance in India, such as “commercialization of microfinance institutions (MFIs), governance, risk management, provision of holistic microfinance services (like savings, microinsurance, livelihood, etc), resource mobilization and credit crunch and cost of services”.

The conference is set to bring the policy makers, mainstream financial institutions, donors, financiers, practitioners, academicians, researchers, parliamentarians and international participants in one platform. Amongst others, the conference would specially focus on Effective Microfinance, Linkages, Opportunities, Gap in Governance, Ethics/Values, Code of Conduct etc.

Some of the speakers at the conference include Prof. Muhammad Yunus of Grameen Bank and Ms. Ela Bhatt of SEWA Bank. More information on the conference can be found here, and the registration form is available here.

Muhammad Yunus speaks to NYU

Here are some high level points from his talk last night. My own observations are preceded by initials, while comments he said are left alone. I kept them in this order as this was the original chronology of how they developed:

  • (VG) Power of one man: it is impossible to not be in awe when you listen to what he has done.
  • (VG) Amazing brand image: While they may not be concerned with profit, there is no question that Grameen is very focused on building and maintining a strong brand identity that in itself is opening doors and creating opportunities.
  • Low tech + high tech: much of what Grameen does is marry high tech with existing/traditional products. The prime example is Grameen Danone which uses a dietary staple of Bangladeshi children to transmit nutrition.
  • “I wondered what I was doing” – his question when he realized he does not own a single share in any of his companies. (VG) This unyielding desire to create is found in any successful entrepreneur. For them money is only one part of what drives them.
  • “Human beings have multiple dimensions as should businesses”
  • “You don’t need fancy packaging in a social business because you are making something you need”
  • “Why should people pay for something they will throw away” — his response to make the the packaging to Danon Yogurt not only bio-degradable (currently happening) but edible and nutritious as well! (Danon is working on it).
  • Poverty museums — one day we will take our children to these to show them what the world was like when people still existed in poverty
  • “Technology is like water it takes the shape of whatever you put it in” — it is not the technology that is critical but it is being use for