Microfinance institution in Bangladesh, Grameen Bank, founded by Nobel laureate Muhammad Yunus of Economics in 2006 acknowledged the economy had become the driving wheel of a country. Inevitably, they also become an example for other countries.
Have accurate accurate, it turns out that success can be achieved this financial institution because of two main factors: Namely women and open source. Why is that?
According to Muhammad Shah Jahan, the General Manager and Chief Financial Officer of Grameen Bank, almost 97% of Grameen Bank clients totaling 25 million are women.
“Because she was family oriented, on the values of kindness. They will consider the family, his children before they act,” he said while talking to Cumaini after the workshops ‘Microfinance Business & Information Technology’ Vision Sharing held at the Royal Plaza, Singapore.
The man who is also deputy Muhammad Yunus added that ordinary women to act more responsibly and honestly because more attention to this family.
The difference is with men, he added, which tend to be less indifferent to the family. In fact, often betrayed wife and kids when obtaining success.
“Based on experience, our female customers very obedient compliance with loan installment. Therefore, the total loan repayment rates reached 97.11 percent. The ratio of bad loans of less than 3 percent,” said Shah Jahan.
Furthermore, he said that the secret to success is the Grameen Bank further implementation of information technology based on open source.
“We’re not a rich country. Half the people we are poor. Thus for IT infrastructure, we use crude and cheap-cheap. Open source is our best choice,” he said.
One of the open source-based application that became the mainstay of Grameen Bank is MIFOS (Microfinance Opensource). These applications implement the concept of web based management information system.
“So we did not need a computer with good specifications. Enough computers used, cheap but can still be used,” asserts Shah Jahan.
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