The Finch Formerly Known As Gold

10 August 2004

The sweetness of sixteen

Grameen ("Rural") Bank is an anomaly among financial institutions: 90 percent of its shares are owned by the poor people of Bangladesh whom it serves. (The government in Dhaka owns the remaining ten percent.)

Grameen's specialty is microcredit, and here's how it works:

The assumption is that if individual borrowers are given access to credit, they will be able to identify and engage in viable income-generating activities — simple processing such as paddy husking, lime-making, manufacturing such as pottery, weaving, and garment sewing, storage and marketing and transport services. Women were initially given equal access to the schemes, and proved not only reliable borrowers but astute enterpreneurs. As a result, they have raised their status, lessened their dependency on their husbands and improved their homes and the nutritional standards of their children. Today over 90 percent of borrowers are women.

And the story of one of these women is at the heart of the motion picture 16 Decisions, named for the philosophies underlying Grameen Bank lending. I haven't seen it yet, but Christine has — it's running on the Sundance Channel, which is outside my cable tier for now — and she was moved:

I am both inspired and humbled. Inspired by the many women in Bangladesh who have taken control of their lives and families, not out of the need to be "heard", "recognized" or "validated", but out of sheer necessity and because it's right. And I am humbled by the grace and fortitude that these women exhibit in their every action.

Words to live by, and not just for women either.

Posted at 4:01 PM to Almost Yogurt


This story was first brought to my attention by a segment on 60 Minutes, probably at least 15 years ago. The primary borrowers were women back then as well.

Posted by: The Proprietor at 9:58 AM on 11 August 2004

Yep. Grameen, if I remember correctly, was started around 1976 in one small section of Bangladesh, and gradually extended its services across the country. I'd read something about it back in the 90s, but hadn't given it much thought until I read about the 16 Decisions film.

Posted by: CGHill at 10:23 AM on 11 August 2004