wcbact raison d'etre
Being the world’s number 1 brand leadership cooperation empowering female millennials as first sdg generation is a huge challenge. The more you succeed the more you are likely to be courted by the world's moist powerful who knowingly or unknowingly start to greenwash you. Imagine that challenge when coupled with successions angst during the last few years of 50 years of leadesrship. This is what world class brands architects have been helping cross-check since Abed kindly guested at 2 remembrance parties of my dad Norman convened by Japan Ambassador ro Bangladesh.
Prime reasons for hoping brac’s purpose will grow beyond abed’slife
On the 12 years that I knew Sir Fazle no topic came up more than brac’s life after Abed of our times. We have been incredibly fortunate to have had ...
5 coop platforms Women scaling 100000 person communities win-wins - quarter of world's bottom oy pyramid empowered by 1 billion women
4 ED for life
At peak of pre-digital villages, brac employed over 100000 village trainers of microfranchses who also book-kept until tech reduced that manual labor- after which they could fully focus on their practice. Brac never had to invent credit cards as way of keeping staff employed. As community skills leaders brac education design was led by lumonaraies delighted to help teachers change not just education unions, pensioned to maintain old systems' hierarchies, and silos
3 Last mile health
2 Last mile food
1995 from the beginning of digital influences to village life , fazle abed raced to own the 14 national value chains with most strategic depth for integrating poorest villagers\\R&D of chains to end poverty is opposite of chain owner who seeks to take from every layer every quarter
1 Financial platforms end poverty
Brac financial services were integrated with nation building making zero chabce of any take over by a global banking corporation
Brac was never investing in property or other bubbles – simply next skills communities neod t flourish round youth as first sustainbility generation. Brac was also anchored to the most diverse data relevant to the age of digital data analytics
If you look at the 5 innovation streams in one of brac’s organisational architecture, there are many w3ays to pivot across the theatres of actions – lets go through the 6 main finance-to-end poverty components to checkout any risks
1.1 going beyond aid 1.0 to 2.0 , 3.0 . what abed invented from the start was sustainable business models instead of charity – and bottom up ones at that keeping data deep. That’s a trend that is only accelerating as millennials strive to blend their own intellects with the artificials. And nature’s evolutionary audit is bottom up and open- Cooperation was always the password to getting abed interested in deepening goal-LED ACTIONS
1.2 When one reads all the bad press microcredit got as the 20 year summit process went from getting yunus a peace prize to IPO’s and all sorts of sad news, you might think worry brac microfinance plus will be the week link. Firstly microcreditsummit and indeed every american professor who claimed to understand bangladesh women empowerment never remotely explained what abed did. Go back to the start – he’d spent his live savings on rebuilding 15000 village homes in 1972 only to find tens of mothers dying od starvation. His first microfranchise needed to be small scale rice farming – with a thousand mother-led enterprises doing that financial services needed to be designed for them and successive microfranchises such as the health-workers who doordashed 10 most basic medicines. Abed was designing the innovation that kept the whole value chain economic- access to most locally adaptive rice science, becoming the country’s largest wholesale distributor of the basic selection of medicines. While brac microfinance is aired with the nationwide innovation core to each value chain there’s lottle risk. After all the markets chosen are those integral to the survival or rural peoples – still 70% of the population at time of abed’s dearh
1.3 Ultra povtery graduation. Those of us who admired Fazle were really unhappy to see how others got the nobel economics prize for the inventions (Ultra Poverty and Playschools) he chose to be his own R&D focus to inspire through brac uni. But how right he was. Ultra poverty grad is now being hailed by 50 countries as the most effective direct cash transfer solution. And when anyone needs evidence they go to mit poverty lab and its deep investors the toyota middle east franchise otherwise known as Abdul latif. Meanwhile Fazle’s son Shameran is invited by many countries to be Ultra coordinating adviser – and thus the bottom od the pyramid livelihoods are chartered by Shameran- brac microfinance banks on mapped by him as source number 1.
1.4 brac bank is everything city communities banking needs to be because it didn’t have legacy branches; the location and staffing have been chosen focused on local startups. Its also the benchmark over 40 countries swap cooperation ideas on at www.babv.org
1.5 Bkash the world largest cashless bank is designed by global tech wizards now in their 25th years as founder of mobile for the poorest. Its about 50:50 owned and is a world leader. Its issue is what tech does it need to leap with , a decision that’s not made in bangladesh
1.6 In his final weeks abed received an honor direct from Netherlands Royal family. By being chosen as brac international hq, the netherlands has become Europe’s world leader in most sustainability goal investments including global climate adaptation. And since remittances are about a third of bangladesh’s foreign exchange, designing the most economical remittance processes is something Netherlands is transnationally fit to do. Note also the Ditch Queen is special envoy to Un on fintech.
Of course across the coeration playoard that is brac, ots ossible a damily member might try to lead too many moving parts. Byt abed had two charming ways of relating to government. First he’d say if there is somethikng brac is doing that’s integral t ifrastructure and best supported by taxation, lets transfer what work over to the government. Second one if the reasons fir founding the university was to assemble month long worldwide facuties on the future of pubkic service in selected key areas. In these days where tech can change so much, that was a facility the bangladesh government ceebrated vrac universirty as unique caPACITY BUILDER.