related by 1990 gov also formed PKSF as apex of all recognised microfinance in bangladesh -see also typical annual report - 2015 report being written in 2016 year of abed's 80 birrthday celebrations
debates over who invented microfinance seem academic to me- i cant imagine that nowhere before bangladesh of the 1970s did someone start offering transparent savings and loans having first heledp hundred or families communally hundreds of family size businesses the community most need to have food to keep children safe to share last mile mother and infant care -last mile services and training critical to development- indeed i would almost of hoped that somewhere on our planet that was the empowering purpose of local government
by the 1990s bangladesh became known as open university of microfinance
any way that's how banking for por emerged naturally around brac by sir fazle abed and grameen by muhammad yunus -and how irs replication helped women build a sustainable rural nation from what had been born 1971 poorest in world as well as 8th most populous- its important to note abed built rural health service franchises and training networks 10 years ahead of yunus whose bank only got a national ordinance in 1983-- so studying what was being banked by brac and grameen are two different organisational compasses (styles were different too with abed founding over 100 microfranchises but delegatining/auditing once the replicable model was operational while in some ways everything went through yunus at grameen) even though they became what millennium goal networkers with the big name approval of hilary clinton and spain's queen sofia hosted annual global summits around swtarting in wash dc 1997 and going round the world
however for reasons that are not clear to me micrcreditsummit went all out getting yunus the nobel peace prize and washington dc's top 2 medals - congress ionaland president; and big banks stated sponsoring more and more academics to teach either yunus stories or how to improve on them -not one offered anything like the network of systems that abed offers b eit with brac microfinance + 1.2 or any of the 30 interacting networks for cmomunities deeply advancing sdgs 1 to 5
we can see that at abed's death , yunus acknowledges that abed laid the foundations
