Good article that provokes thinking!
Envisioning Possibility is a challenge to human minds because we are only accustomed to see what is there and not what is not there before us. And, what makes matter worse is that “possibilities” don’t present themselves in any obvious ways, usually.
Hence, to get a glimpse of possibilities, people advocate ‘dream or imagination’ as an alternative that can help to reveal possibilities that don’t exist yet in reality.
Albert Einstein’s “Imagination is more important than knowledge” is a relevant quote here. For instance, knowledge of engineering technology translates into a ‘dam’ once someone ‘imagines/dreams’ (or “hallucinates” – to borrow the words of Richard Bandler) a dam between two hills where no dam exists…
Interestingly, the more someone is educated (in India), the less one becomes capable of dreaming! Our culture in educational institutions kill the natural gift children bring with them to school to dream. Imagination is discredited in exams.
If someone still manages to imagine possibilities, he/she needs to go to the US to find the other two types of partners needed to translate dreams into business: a financier, and a technological agency that translates dream into a reality. The silicon valley is a place where dreamers find these promoting agencies: financiers and technical supporters.
In India, dreams are least appreciated in business and the least paid for; and when one’s dreams are used, they are not even acknowledged!
In the Microfinance Industry there certainly is a great lack of ability to dream possibilities to: (1) offer loans at 12 per cent or less and still make a profit; (2) to lead the poor to raise standards of their products to make it fit for international markets, and more importantly, (3) to help them enter new models of cooperative production without which all their tiny enterprises will be wiped out by cheaper and better products from China and other nations.
From a Neuro-Linguistic Programming point of view, we need to question our (educated) assumptions about Microfinance industry, its environment, the capability of the people it serves, etc… and try new assumptions, at least experimentally, with all the risk involved.
Hope an article like this will awaken the minds of people to envision possibilities, to transform Microfinance as one that truly helps the poor break free of poverty: making capital available at less cost than what obtains for the rich who borrow from banks, and also one that provides them opportunity to succeed in a Globalized Market!]]>
I am sure Google is pretty close to do that. Today , at least on the web, the fact that the webpage is in Armenian doesn’t bother me. In a not so distant future, I do not understand why the same shouldn’t be true for speech as well.]]>
once again thank you. . .]]>
This is a good post and a part of economics that I think has been overlooked. Do you know if there have ever been any peer-reviewed publisthed studies that equate money with potential energy and the creation of entropy through “resistance” or inefficiencies of transactions in an economic model?]]>
MBA Colleges in Mumbai]]>
Greetings from Twenty19.com. I would like to introduce myself as Vasudha.
I would like to extend this opportunity to interview you for a College Blog for Twenty19.com. The interview is aimed at helping college students taking cues from your career decisions, knowing about your field of work to help them make better choices and also to serve as a source of inspiration.
We understand that you will be busy with your work, however we are trying to create a difference by letting students know what it takes to explore different career choices. We feel your story can bring about that awareness and reality to students’ dreams.
We would be delighted to have you on Board for our “Mentors – Experts Speak” Section.
Twenty19 is currently the largest Student opportunity portal with 1400+ colleges connected to 2000+ companies. Visit us at http://www.twenty19.com.
We shall be obliged if you kindly get back to us in [email protected] would mostly be a Telephonic Interview and utmost levels of convenience will be offered.
Regards and Thanks
Journalist – Expert Interviews
On the same line I am thinking of developing a model to sustain research activity in Indian universities. I have few ideas and at your comfort can I hold a presentation or may be send it to your institution for review. By easing the burden of funding/grants it will not only help economy but also it will provide more peace/calm to people involved in research.
Besides may I mention that my major was in Theoretical Physics and while searching “Physics+Micro-Finance,” I reached your blog.
With your guidance and inputs may be I can put together things effectively.
Thanks & Regards,