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you've been dedicated to the microcredit
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concept long enough to be able to
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observe the children of that first
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generation of women that you helped
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going back to 1976 and the $27 that you
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loaned to 4 2 women in a small village
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how are these children who are now
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adults doing are they creating jobs for
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other people are they starting their own
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companies are they adding societal
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wealth to the community and just by the
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very fact that these this new generation
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of of people still need help does that
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suggest that you have a long way to go
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with microcredit or how does that how
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what does that say about the success of
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the movement microcredit is the first
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step you build up step by step many
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other things like insurance program
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Savings Program and many other programs
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around it uh we have encouraged the CH
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uh borrowers of gramine bank to send the
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children to school because they
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themselves are illiterate their their
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husbands are illiterate their parents
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are illiterate uh so we thought let's
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break that Circle here send the children
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to school so that your children will be
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educated and they will be literate at
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least and we succeeded in doing that
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having all the children in school so so
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that was a very happy kind of experience
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for us that uh uh not only we giving
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them loans to the borrowers but at the
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same time we have helped them to uh send
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their children to school uh and then we
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saw lots of these children are doing
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excellent results in the schools some of
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them coming up at the top of the class
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so we kind of got thrilled by the
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performance of some of these kids coming
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from totally literate totally poorest
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family coming to the class with
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everybody else now he or she is in the
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top of the class so we thought this
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should be celebrated so we started
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introducing scholarships for all the top
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performing students and gramine Bank
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gives over 30,000 scholarships every
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year now it's growing it's 40,000 and so
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on every year because the number of
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children are growing then we saw many of
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these children are coming close to
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higher
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education and they have difficulty in
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getting into higher education because
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they don't have the money to pursue the
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higher education but the quality wise
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they're as good as anybody else so
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immediately we introduced Education
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Loans so that they don't have to worry
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about money so the money is our problem
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you concentrate in your education so we
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started giving Education Loans and
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helping them to higher education right
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now there are more than 35,000 students
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in under Education Loans going to
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medical schools engineering schools
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universities so almost in every single
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um Public University and public medical
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schools and uh engineering schools uh
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there are gramine children uh who are
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studying there so whole wave of new
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children going into that so they when I
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meet them they will always discuss an
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issue which is worrying them about the
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jobs uh after we finish our job can you
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help us find
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jobs and how am I going to find jobs for
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them so I started thinking about it and
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then uh giving them a new idea that uh
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maybe they shouldn't be thinking about
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jobs uh and we tell them look you are
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children from G amilies you are ging
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children your thinking should be
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different than other children other
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other people other children they worry
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about jobs you shouldn't be worrying
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about it you should be taking a pledge
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and repeat this pledge every morning you
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wake up and your pledge is I shall never
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seek job from anybody I'll create jobs
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this is my mission so you are not job
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Seekers you are job givers so think in
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that terms because your mother you are a
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fortunate child your mother owns a bank
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not many children have that fortune you
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have that fortune so your mother's bank
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has enormous amount of money so money is
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not your problem your problem is what to
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do with your money so think of what what
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you can do as you go into education and
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do that and then if you feel frustrated
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you cannot come up with an idea think
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about your mother what she
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did she didn't wait for anybody she took
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the money and went for
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uh business herself she's an illiterate
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woman and along the way she was
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successful step by step she went on and
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sent you to school now you are in a
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higher education with her
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bank and what good is your education if
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you cannot do better than your mother if
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she can do it you can do much better
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that's that's the thing that you have to
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prove to yourself that what you your
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mother gave you a chance and you make
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use of it and the use is that you create
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a job for others so and start a small
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and expand it as you grow and bring in
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more people to help you to grow uh so
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you don't have to wait to finish the
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school and get a certificate in
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education uh when you use it for getting
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a job you need a
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certificate you don't need a certificate
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when you go into business yourself so
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when you're in school you start the
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business at the same time continue with
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it so this is an idea that we and some
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of them are taking this idea and started
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borrowing from gamine bank and getting
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into business themselves to to link what
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you just said to uh what we were
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discussing earlier about social business
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what kind of social businesses could you
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start around education and is gramine
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involved in any any such
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activities we along the health side what
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we have done uh we are in the process of
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finishing it this year we're starting a
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nursing college as a social business
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because uh nursing is a good profession
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we'll be giving uh nursing degrees to
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the young girls from gramine families
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so they're coming from the poor families
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going to nursing college and gramine
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bank will give the Education Loans so
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that they don't have to worry about
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money where the money is coming from and
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the college will cover its
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cost and they will get the jobs and will
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produce the nurses in a in a way that
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they will be internationally acceptable
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level of Education there are are big
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shortage internationally about the
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nurses there's a big shortage within the
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country so each girl will have a choice
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whether she will work in the country or
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should go outside so this is a social
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business and they said I don't have to
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limit myself to one nursing college I
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can have a series of nursing colleges
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they're paying for
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itself why can't you create as many as
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you want because there are millions of
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young girls waiting around sitting
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around doing nothing because they have
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no opportunities I can create some
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opportunities for them they change their
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life they change the society because now
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they go out of the village and they go
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out and work in the hospitals and so on
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and go outside the country and learn
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languages and so on so this is another
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example of social business we want to do
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a Medical College in the same principle
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because Medical College also can cover
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its own cost and produce doctors doctors
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with this different kind of orientation
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than the normally you have and then
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normally a doctor a student doctor is
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planning to when I finish
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my education I'll start my career and
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I'll make a lot of
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money and that's Focus usually happens
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so this orientation would be that when I
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I come out I want to make sure I can
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help the health situation in the country
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and focusing on the poor families so how
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do we do that kind of thing and having a
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very high quality of education so that
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you have international links you don't
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feel that you're left out because you
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concentrated on a certain kind of thing
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and you get involved with research of
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the uh health issues and so on that's
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another social business could come out
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so education even in education you can
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use the idea of social business
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