Showing posts with label microfinance. Show all posts
Showing posts with label microfinance. Show all posts

Thursday, July 30, 2015

७० लाख भुमिहीन

मानों देशमा ५० लाख भुमिहीन छन। (सही तथ्यांक के हो?)    

तिन मध्ये धेरै नागरिकता पत्र नभएका छन। पहिलो कुरा त तिनले नागरिकता पत्र पाउनु पर्यो। ४३ लाख त मधेसी नै छन भने देशमा भूमिहीन ७० लाख नै हुन सक्छ।

नागरिकता पत्र र मतदाता नामावली मा नाम। कसैको humanity deny गर्ने राज्य (state) लाई अस्तित्व को अधिकार छैन। ती ४३ लाख मधेसी का लागि भए पनि देश तोड्नुपर्ने हुन्छ।

नेपालमा १०० अथवा २०० डॉलर ले सान्तिनो बिजनेस व्यापार शुरू गर्न सकिन्छ। शायद।

६०,००,००० गुणे २०० डॉलर बराबर १,२००,०००,००० डॉलर ----- अथवा एक बिलियन डॉलर। मोदी ले ३% मा दिएको एक बिलियन डॉलर ५% मा यसरी ५०-६० लाख नेपालका भूमिहीन लाई सान्तिनो बिजनेस व्यापार गर्न माइक्रो लोन दिने कुरा भन्दा बढ़ी क्रांतिकारी के हुन सक्छ? देश को विकास का लागि यो भन्दा बढ़ी जरुरी फ़ास्ट ट्रैक अर्को कुनै छ?

अझ १०-१० जना को समुह मा आउनुपर्ने भन्दिने, के बिजनेस गर्ने भन्ने भन्न सक्नुपर्ने। १० जना मध्ये एक जना ले बिजनेस डुबाएर पैसा नतिर्ने हुन्छ भने त्यो एक व्यक्ति को पैसा बाँकी ९ जनाको टाउको मा जाने। र ब्याज दर पनि ६% पुग्ने गर्दिने। अनि एकले अर्काको हेर्छन्।

सुशील किंकर्तव्यविमूढ़ मान्छे
आर्थिक क्रान्ति
नेपाल ले बांग्लादेश ले जस्तो किन गर्न नसकेको?


Wednesday, June 04, 2014

Fundamental Microfinance

English: Roadside billboard of Deng Xiaoping a...
English: Roadside billboard of Deng Xiaoping at the entrance of the Lychee Park in Shenzhen (Photo credit: Wikipedia)
I am a huge fan of microfinance. But it has to be reimagined. It is one of the three basic ingredients, the other two being education and health.

A country like Nepal can not afford to only educate the kids, although it currently does a poor enough job of that as well. But adult education has to step in. You use the same school buildings, but perhaps in the evenings and during weekends, for adult education. Everyone, child or adult, needs at least 10 years of schooling. And you should be able to pick up no matter where you left. And you should have the option to move at your own pace sometimes. Perhaps you put FM radio to use. People could tune in at a certain time of the day to listen into lessons. There is one frequency for the first grade, another for the second grade and so on. Lessons should be available in your primary language. The Chinese have proven beyond doubt that you don't have to learn English first before the world opens up for you.

People like Mao and Fidel Castro have done impressive work in basic health. You provide basic training to a large number of workers who then fan out to where the needs might be. There is a fundamental need to take up this work with revolutionary zeal.

But a left leaning country like Nepal where even the so-called right of center party like the Congress calls itself "socialist" sometimes tends to not grasp entrepreneurship well. You can educate your people all you want, you can turn them into fighting shape in terms of health, but unless you can create jobs for them they are going to rust with disuse. You are going to pump up a population that is all ready with nowhere go to.

Left leaning political leaders should cultivate a healthy respect for entrepreneurs who might be millionaires. They are like hens that lay the golden egg. You don't kill those hens. You don't get in their way. When they create more wealth for themselves, they pay more in taxes. You can use that tax money to serve the poor all you want.

But then entrepreneurship goes way beyond people who establish and run big factories. Small businesses are all the rage. Even in a country like America the vast majority of new jobs get created by small businesses.

And then there are micro businesses. I am talking raising goats to sell, or cultivating vegetables to sell, small businesses that you could start with a hundred dollar loan. Access to credit should be like a right, just like basic education and health.

But then sometimes it is hard to create any meaningful business with just a hundred dollars. China does not have a track record in microfinance, but it has lifted more people out of poverty than anyone else. And they have done that by creating jobs at large scales through large scale factories.

Very few rich people choose to become entrepreneurs. I like to say being an entrepreneur is kind of like being gay. It is assumed perhaps one per cent of the population is biologically gay. So if very few rich people are entrepreneurs, it is erroneous to think all poor people are inclined to entrepreneurship.

Another dimension to microfinance would be that you would have something like a right to a hundred dollars in business loans every year, but you would also have the option to pool your resources. So 100 individuals should have the option to bring together 100 dollars each into a pool of 10,000 dollars for a one per cent share each in an enterprise led by one entrepreneur who perhaps ends up employing most or all of those 100 people.

If you make room for the fact that 5-10% of those loans will fail that you will happily write off, I think that could create a lot of small business action. And you will end up with a lot of workers who are also part owners in enterprises. That is key. Deng Xiaoping started by letting Chinese farmers own small plots of land. The sense of ownership is key. The right to property is a fundamental human right, like free speech. And the act of exercising free speech takes some practice.

Completely state owned enterprises are not simply failed Soviet era ideas. Modi proved in Gujrat they can outperform the market if they are kept free of political interference and are allowed to run on meritocratic guidelines. It makes sense for some companies and some enterprises to be 100% state owned. As long as they perform is all that matters. What is dead weight is companies that are state owned and run losses year after year.

You can also have companies that are partly owned by the state. You can have companies that are partly owned by foreign investors.

There is no one size fits all. The key point is entrepreneurship has to be nurtured. It has to be allowed to flourish. There does not seem to be only a left or right way of doing it. State owned enterprises can work. Private companies can fail. Small business owners can create jobs. Large companies can stagnate. The job market is and should be a dynamic situation. As long as the cat catches mice is all that matters.
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Tuesday, June 28, 2011

Economic Revolution In Nepal And The NRN Movement

Two Chief Guests: Non Resident Nepali Gathering: Times Square: June 25

An economic revolution would be near double digit growth rates year in year out for 30 years. But the country has to get a new constitution first, and it will, it is only a matter of time.

I was The Reason the political revolution happened in Nepal in 2006. And I am going to be The Reason an economic revolution takes place in Nepal. Ma New York City ma Barack Obama ko Top Volunteer. Manhattan For Obama sangathan ko sansthapak le America ko sambidhan sansodhan garna parchha taki yo manchhe kunai deen rashtrapati ka lagi lados bhaneko manchhe. America aayeko chha mahina bhitra US South ko top liberal arts college ko student union president ko election jiteko manchhe. College ko 150 barsha ko itihas ma kahile na bhayeko kura. America aunu agadi high school pachhhi Nepal ma dui wata MP bhayeko party ko upmahasachib pad khayeko manchhe.

Bhanne bela ma Pahadi haroo le malai patrakar bhan dine garya chhan. Maile patrakarita gareko hoina, maile Nepal ko kranti lai political leadership diyeko ho. I did some major strategic thinking, major tactical thinking, and all of that is documented at my blog. Sambidhan sabha ko mudda ma sab bhanda pachhi ayeko byakti Girija Koirala, us lai kranti ko shreya kasari dina milchha? Tyo ta leader hoina follower ho.

At The Buspark
Southern Hospitality

Afoo le afai lai madisey bhanne Madhesi haroo chhan. Madisey bhaneko ta nigger bhaneko ho. Tone of voice makes no difference. Maile madisey bhanein tara mero voice ma hatred thiyena bhanna mildaina. There is prejudice and there is internalized prejudice. Malai patrakar ra cameraman bhanne Madhesi haroo chhan. Upendra Yadav lai visa dilayeko maile ho. Mero ek jana saathi le State Department ko South Asia desk officer chineko bela paryo tyati bela. Ma jail pareko bela oo bidesh mantri thiyo. America ko bidesh mantri lai phone garna parne usle, garya bhaye kunai deen pradhan mantri banne oo, aba bandaina. Gayo. Swaha.

Madhesi Self Hate
Ugh, Immigration (4)

Malai Upendra Mahato bhanda thulo banna saat barsa bhanda badhi na lagna parne ho. Kina bhane, maile mero company Nasdaq ma list garchhu. I have enormous respect for Upendraji, first as a successful entrepreneur, second as an overachieving Madhesi, and third as the founder of the NRN movement. 2008 ma Russia ko Manager Of The Year ghosit bhayeko manchhe. He is world class. No doubt. But I am going to be bigger than him.


Mero tech startup ko round one ma 10K invest garne pratyek NRN millionaire banchha. Google ma pahilo ek lakh invest garne byakti ko paisa 10 barsha ma 1.5 billion banyo. I could not do that well, but I could do at least 1/3rd as good in maximum twice as much time.

Ma chahanchuu 5 jana Nepali 5k each liyera mero round 1 ma aunu hos.

My Web Diagram
The Google/Facebook Of Microfinance
Microfinance



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