TOP CEO MUHAMMAD YUNUS PRESENTION BY ATHALIA OCHIENG

Who is a Leader Leadership refers to the ability of an individual to influence, guide and teach other people and to use this influence to bring about positive change. A leader is able to influence people through the ideas that he shares and also by his deeds. Leadership refers to the ability of an individual to influence, guide and teach other people and to use this influence to bring about positive change. A leader is able to influence people through the ideas that he shares and also by his deeds.

Leadership is important in all areas of interaction within communities. Leaders are made or developed by their experiences, knowledge acquired through education and by the actions of their role models. Leadership is important in all areas of interaction within communities. Leaders are made or developed by their experiences, knowledge acquired through education and by the actions of their role models.

QUALITIES OF A LEADER Qualities of a leader include integrity, honesty, and people building skills. A leader must also have job knowledge, which involves knowing which direction to take at the right time, and the practical ability of problem solving. Qualities of a leader include integrity, honesty, and people building skills. A leader must also have job knowledge, which involves knowing which direction to take at the right time, and the practical ability of problem solving.

BRIEF BACKGROUND Muhammad Yunus is the founder and CEO of Grameen Bank, which he established in Bangladesh in Grameen Bank means village bank. He had the idea and belief that credit is a fundamental human right and should be accessible by all. Muhammad Yunus is the founder and CEO of Grameen Bank, which he established in Bangladesh in Grameen Bank means village bank. He had the idea and belief that credit is a fundamental human right and should be accessible by all.

MUHAMMAD’S OBJECTIVE His objective was to provide credit facilities to as many low income and unemployed people as possible His objective was to provide credit facilities to as many low income and unemployed people as possible in order to improve the quality of their lives in order to improve the quality of their lives and to give them the opportunity to live with dignity. and to give them the opportunity to live with dignity.

His Role Model Muhammed was influenced by his mother’s love for helping the poor, and her willingness to share whatever the family had with the less fortunate. This had a lasting effect on him. Muhammed was influenced by his mother’s love for helping the poor, and her willingness to share whatever the family had with the less fortunate. This had a lasting effect on him.

Humble beginnings He introduced the idea of micro-credit to a small group of basket weavers in his home town, starting with a loan of 27 dollars. The initiative has been accepted, lauded and adapted at global level. Micro Credit is defined as “extending small loans to very poor people for self- employment projects that generate income allowing them to care for themselves and their families.” (Micro Credit Summit, February 1997) He introduced the idea of micro-credit to a small group of basket weavers in his home town, starting with a loan of 27 dollars. The initiative has been accepted, lauded and adapted at global level. Micro Credit is defined as “extending small loans to very poor people for self- employment projects that generate income allowing them to care for themselves and their families.” (Micro Credit Summit, February 1997)

As an agent of change, his goal was to help poor people assess funding without the burden of providing collateral. This was introduced in consultation with recipients of loans who commit to adopting and internalize sixteen (16) decisions on the direction they want their lives to take. As an agent of change, his goal was to help poor people assess funding without the burden of providing collateral. This was introduced in consultation with recipients of loans who commit to adopting and internalize sixteen (16) decisions on the direction they want their lives to take.

16 DECISIONS We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. We shall follow and advance the four principles of Grameen Bank --- Discipline, Unity, Courage and Hard work – in all walks of out lives. Prosperity we shall bring to our families Prosperity we shall bring to our families We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest. We shall not live in dilapidated houses. We shall repair our houses and work towards constructing new houses at the earliest.

16 DECISIONS We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus. We shall grow vegetables all the year round. We shall eat plenty of them and sell the surplus. During the plantation seasons, we shall plant as many seedlings as possible. During the plantation seasons, we shall plant as many seedlings as possible. We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. We shall plan to keep our families small. We shall minimize our expenditures. We shall look after our health. We shall educate our children and ensure that they can earn to pay for their education. We shall educate our children and ensure that they can earn to pay for their education.

CONTINUED We shall always keep our children and the environment clean. We shall always keep our children and the environment clean. We shall build and use pit-latrines. We shall build and use pit-latrines. We shall drink water from tubewells. If it is not available, we shall boil water or use alum. We shall drink water from tubewells. If it is not available, we shall boil water or use alum. We shall not take any dowry at our sons' weddings, neither shall we give any dowry at our daughters wedding. We shall keep our centre free from the curse of dowry. We shall not practice child marriage. We shall not take any dowry at our sons' weddings, neither shall we give any dowry at our daughters wedding. We shall keep our centre free from the curse of dowry. We shall not practice child marriage.

We shall not inflict any injustice on anyone, neither shall we allow anyone to do so. We shall not inflict any injustice on anyone, neither shall we allow anyone to do so. We shall collectively undertake bigger investments for higher incomes. We shall collectively undertake bigger investments for higher incomes. We shall always be ready to help each other. If anyone is in difficulty, we shall all help him or her. We shall always be ready to help each other. If anyone is in difficulty, we shall all help him or her. If we come to know of any breach of discipline in any centre, we shall all go there and help restore discipline. If we come to know of any breach of discipline in any centre, we shall all go there and help restore discipline. End >> End >> << Start< Prev Next >End >> << Start< Prev Next >End >>

We shall take part in all social activities collectively. We shall take part in all social activities collectively.

Concern for people It is not just the technicalities of accessing loans, and repayments but Muhammed Yunus took the human factor into consideration. The 16 decisions empowers borrowers and gives them the will to succeed. This leader uses his influence to bring about social change. It is not just the technicalities of accessing loans, and repayments but Muhammed Yunus took the human factor into consideration. The 16 decisions empowers borrowers and gives them the will to succeed. This leader uses his influence to bring about social change.

Muhammed’s ability to energize whole villages, for positive change is recognized throughout the world. This is evidenced by the number and diversity of awards and accolades he has received for his innovative ideas. Muhammed’s ability to energize whole villages, for positive change is recognized throughout the world. This is evidenced by the number and diversity of awards and accolades he has received for his innovative ideas.

Start with the problem rather than the solution: a credit system must be based on a survey of the social background rather than on a pre- established banking technique. Start with the problem rather than the solution: a credit system must be based on a survey of the social background rather than on a pre- established banking technique. 2. Adopt a progressive attitude: development is a long-term process which depends on the aspirations and committment of the economic 2. Adopt a progressive attitude: development is a long-term process which depends on the aspirations and committment of the economic

Make sure that the credit system serves the poor, and not vice-versa: credit officers visit the villages, enabling them to get to know the borrowers. Make sure that the credit system serves the poor, and not vice-versa: credit officers visit the villages, enabling them to get to know the borrowers. 4. Establish priorities for action vis-a-vis to the the target population: serve the most poverty- stricken people needing investment resources, who have no access to credit. 4. Establish priorities for action vis-a-vis to the the target population: serve the most poverty- stricken people needing investment resources, who have no access to credit.

At the beginning, restrict credit to income- generating production operations, freely selected by the borrower. Make it possible for the borrower to be able to repay the loan. At the beginning, restrict credit to income- generating production operations, freely selected by the borrower. Make it possible for the borrower to be able to repay the loan. 6. Lean on solidarity groups: small informal groups consisting of co-opted members coming from the same background and trusting each other. 6. Lean on solidarity groups: small informal groups consisting of co-opted members coming from the same background and trusting each other.

Associate savings with credit without it being necessarily a prerequisite. Associate savings with credit without it being necessarily a prerequisite. 8. Combine close monitoring of borrowers with procedures which are simple and standardised as possible. 8. Combine close monitoring of borrowers with procedures which are simple and standardised as possible. 9. Do everything possible to ensure the system's financial balance. 9. Do everything possible to ensure the system's financial balance.

Invest in human resources: training leaders will provide them with real development ethics based on rigour, creativity, understanding and respect for the rural environment. Invest in human resources: training leaders will provide them with real development ethics based on rigour, creativity, understanding and respect for the rural environment.

recognition He has received seventy-seven (77) awards for his contribution to mankind. These include- He has received seventy-seven (77) awards for his contribution to mankind. These include- Germany: Vision Award 2007 by Global Economic Network Germany: Vision Award 2007 by Global Economic Network USA: Global Citizen of the Year Award, 2006 by Patel Foundation for Global Understanding USA: Global Citizen of the Year Award, 2006 by Patel Foundation for Global Understanding Spain:Foundation of Justice, 2005 Spain:Foundation of Justice, 2005

UK: World Technology Network Award, 2003 UK: World Technology Network Award, 2003 Jordan: King Hussein Humanitarian Leadership Award, 2000, by King Hussein Foundation Jordan: King Hussein Humanitarian Leadership Award, 2000, by King Hussein Foundation Australia: Sydney Peace Prize, 1998,by the Sydney Peace Foundation Australia: Sydney Peace Prize, 1998,by the Sydney Peace Foundation

Despite having worldwide recognition of his achievements, Muhammed Yunus is more interested in developing other people. He does this by providing an enabling environment for people who want to learn more about micro- credit and the Grameen Bank. Training programs are not rigid but are tailored to suit the needs of interested persons and institutions. Despite having worldwide recognition of his achievements, Muhammed Yunus is more interested in developing other people. He does this by providing an enabling environment for people who want to learn more about micro- credit and the Grameen Bank. Training programs are not rigid but are tailored to suit the needs of interested persons and institutions.

Members of the press and media are given opportunities to make documentaries on the work of Grameen Bank. Researchers are also welcome to conduct research according to their own objectives for any duration of time. All this is done with the aim of getting as many people to know about micro-credit as possible, and for them to develop their own models. Students from all over the world can join as unpaid interns at Grameen Bank. Members of the press and media are given opportunities to make documentaries on the work of Grameen Bank. Researchers are also welcome to conduct research according to their own objectives for any duration of time. All this is done with the aim of getting as many people to know about micro-credit as possible, and for them to develop their own models. Students from all over the world can join as unpaid interns at Grameen Bank.

There are annual evaluations of the microcredit programme to see if the economic situation of the participants is improving. There are annual evaluations of the microcredit programme to see if the economic situation of the participants is improving. Ten indicators have been developed to evaluate poverty level of borrowers. These include- quality and cleanliness of the water used by the families, quality and cleanliness of the water used by the families, ability of parents to send their children to primary school, ability of parents to send their children to primary school, Ability of the family to have three square meals a day, Ability of the family to have three square meals a day, Ability of families to afford health care. Ability of families to afford health care.

The Grameen Bank has grown from having.15,000 borrowers in 80 to over million members in The success of this approach reflects the quality of management and leadership provided by Muhammed Yunus. Strategies employed by the bank ensures that there is minimum rate of default. 98% of repayments are made. The Grameen Bank has grown from having.15,000 borrowers in 80 to over million members in The success of this approach reflects the quality of management and leadership provided by Muhammed Yunus. Strategies employed by the bank ensures that there is minimum rate of default. 98% of repayments are made.

CONCLUSION “The quality of leadership, more than any single factor, determines the success or failure of an organisation” (Fred Fielder and Martin Chemers) “The quality of leadership, more than any single factor, determines the success or failure of an organisation” (Fred Fielder and Martin Chemers) Muhammad Yunus is both a good manager and leader Muhammad Yunus is both a good manager and leader