Barack Obama - Social Entrepreneurship Agency for Nonprofits

I stayed up late today because i was supposed to watch Illac Diaz at correspondents show and Obama's Inauguration but apparently the correspondents show was not aired because maybe, the Inauguration of Obama was the priority of the channel. It's exactly 1:28AM (Philippine Time) and i just want to share the things/thoughts i liked in the speech of the 44th President of the United States of America, Barack Obama.

Barack Obama...
We are in the midst of crisis

We have chosen hope over fear

Time has come to put away childish things

Lay new foundations of growth

Restore science, race health cure and lower its cost

Root to our common good

Challenges will be met

Transform to meet new age

Begin the work of remaking America

Spend wisely (i agree)

America is a friend of each nation

We will not give up our ideals

Power alone cannot protect us

Security emanates to our actions

We are ready to lead once more

We will begin to responsively leave Iraq

Our spirit is stronger than terrorism

.. people will judge you on what you build, not on what you destroy

We pledge to work with poor nations

The world has change and we must change with it

Selflessness of workers, parents willingness to nurture child...

Honesty, hard work, loyalty, patriotism - these are old and true
We should return to this truth..

Calling all the people, spirit of bible.

black will not be asked to get back,
brown can stick around,
yellow will be mellow, the red man can get ahead, man,
and white will embrace what is right
- benediction for Obama

Truely, the CHANGE has finally come and I hope everything said will be put into action. The speech is full of inspiration that ALL nations, color and religion should work together to achieve a perfect union and defeat the economic crisis, recession, inflation and unemployment. I'm hoping that this very inspiring and wise man will have a faithful service not just to his country but to the whole world.
We should all be responsible in our actions, support each other, have great relations, seek forgiveness, and most importantly, choose in the side of LOVE not in the side of hate. I also hope for ONENESS! It is the oneness of families, churches, colors, countries and faith.

Why do I have to include this in this blog?

I included this because it is the first time an American President uttered the words “social entrepreneur". President Barack Obama and Vice President Joe Biden plan to have a Social Entrepreneurship Agency for Nonprofits. They will create an agency within the Corporation for National and Community Service dedicated to building the capacity and effectiveness of the nonprofit sector.

Great isn't it?

He proposed $3.5 billion a year for social investment, paid for by ending the war in Iraq and eliminating corporate tax loopholes. This idea is still conceptual, but it was accompanied by words that indicate that President Obama understands the importance of the NPO sector and the role of social entrepreneurs in the economy.

Posted by: Mimmy Duhaylungsod

Muhammad Yunus

This video includes Muhammad Yunus' stories and visions before and after being a social entrepreneur.

"First, i want to find a solution to a problem..."

"It took so little money to free village women from modern-day slavery, humiliation and torture... "

Posted by: Mimmy Duhaylungsod

Inspiring story - “Giving Away” $50 Bills

by Mark Skousen, Chairman, Investment U

Muhammad Yunus and the Grameen Bank: The Nobel Peace Prize-Winning Genius Behind the World’s Most Original Bank (Which Is “Giving Away” $50 Bills)

I remember as a young boy people telling me that borrowing money and going into debt were very, very bad.

“Neither a lender nor borrower be,” declared Shakespeare. Ben Franklin warned in The Way to Wealth, “The first vice is running in debt… You give to another power over your liberty… Be frugal and free.”

And church leader J. Rueben Clark says debt “never sleeps nor sickens nor dies… and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.”

Financial advisors warn repeatedly to stay out of debt, and gold bugs publish charts showing the national debt by consumers, business and government climbing to unsustainable levels.

Sounds ominous, doesn’t it?

Going into debt is a serious matter and should not be done lightly. I don’t recommend it for most consumer goods, and certainly not for buying food at the grocery store or 7-Eleven. In short, use cash.

Debt, however, does have its advantages. In this issue, we’ll discuss Nobel Peace Prize winner Muhammad Yunus, founder of the Grameen Bank and the Micro-Credit Revolution. First, a closer look at the virtue of debt as it relates to the Micro-Credit movement…


The Difference Between Starvation and Prosperity

For those of you still skeptical about the virtue of debt, consider this…

Laily Begun and her husband, Atiqullah, were manual laborers in Bangladesh who barely had enough to eat. She took out a $50 “micro” loan from the Grameen Bank to buy a cow, which allowed her to make some extra cash selling milk.

She borrowed another $65 for a second cow, and her little business flourished. Now she had enough to apply for a mobile phone. Laily became known as the “Village Phone Lady,” and before long, she was earning nearly $300 a month. With their savings, the couple set up five shops and a restaurant. They now live in a brick house, own two color TVs, a refrigerator and a cassette player, and send their three children to school.

All because of a $50 starter loan.

The Grameen Bank is not a charity. Billions in foreign aid have been thrown at poor people without effect. Only when a for-profit bank began lending to the desperately poor did anything positive come of it. Grameen Bank charges 18% interest on its micro-loans, and has only a 5% default rate. How is this possible? Borrowers must join small support groups, and if one defaults, the others are forced to take over his debts.

It seems impossible, but so far the Grameen Bank has made more than $5 billion in loans, and its model has been imitated around the world, even by the World Bank.

Yunus founded the Grameen Bank in the world’s poorest country, and today has branches in over 71,371 villages in Bangladesh through collateral-free micro credits to needy entrepreneurs.

While the World Bank has imitated his micro-credit model, Yunus decries the organization in his book Banker to the Poor: “We at the Grameen Bank have never wanted or accepted World Bank funding because we do not like the way the bank conducts business.” Nor does he like foreign aid. “Aid-funding projects create massive bureaucracies, which quickly become corrupt and inefficient, incurring huge losses.”


Posted by: Mimmy Duhaylungsod
Source: http://www.investmentu.com/

All human beings are potential entrepreneurs

Yunus believes that poverty can be eradicated by loaning poor people the capital they need to engage in profitable businesses, not by giving them a handout or engaging in population control. In his own words, “All human beings are potential entrepreneurs.”

Edited & Posted by Mimmy Duhaylungsod
Sources: flicker.com & http://www.investmentu.com/IUEL/2006/20061027.html

Muhammad Yunus on Ending Global Poverty