Post no 5: Medical Aid Program.

With the advancement of medical sciences, medical treatment becomes available as well as expensive. In many cases, people cannot afford highly expensive medical treatment to save life. Therefore, a cooperative society is being formed in Bangladesh to raise fund to provide financial support for highly expensive medical treatment for all of the participants of the organization. Our primary target is to raise $ 500,000.00 per month by 100,000 members each contributing $ 5.00 per month. We request all of the medical institution, hospitals, clinic, diagnostic center and pharmaceutical industries to support our program and encourage people getting involved with us. Such cooperative society may be formed in any country to provide financial support for expensive medical treatment for all of the participating members.     

Post no 4: Take initiative.

We encourage you take initiative in your country to operate MICRO-AID program for poverty alleviation. You may organize cooperative society in your locality and raise fund to help the poor start micro business with interest free, returnable micro-aid fund or start employment generating projects by the cooperative society with the fund to remove poverty without depending on foreign aid. Be self sufficient and do not ignore the poor living around you. You may also share your success story with us. 

Post no 3: MICRO-AID model for poverty alleviation (a revolution).

We would like to prefer and recommend educational institution based micro-aid model for poverty alleviation. We encourage college and university teachers take initiative to form cooperative society to operate micro-aid program for poverty alleviation. Each of the teacher and student of the institution may contribute as little as US $ 1.00 to generate seed fund for the cooperative society. If the monthly contribution by the teacher and students continue, the fund will be ever increasing to support the community involved with that institution. Large amount of fund may be raised through such initiative which will be ever increasing each year. For example, about US $ 1.2 million fund may be raised by such cooperative society organized in an educational institution comprising teacher-student community of ten thousand by ten years. 

The fund will be recycled through micro-aid program where micro-aid will be provided without any interest to facilitate micro-business or SME. The borrower will have to repay the same amount he received to start/operate his business. Therefore, micro-aid fund generated by such cooperative society will never end up and will be ever increasing each year. Such program will be continued by voluntary services of the teacher-student community. Therefore, operational and management cost will be very minimal for such organization. 

To boost up micro-aid programs, millions of dollar funds that are presently being utilized by micro-credit organizations may be handed over to such cooperative societies, if those really would like to remove poverty instead operating micro-credit business for their personal interest. We are also knocking at the donors and sponsors of micro-credit fund to reconsider the better option provided by micro-aid model for poverty alleviation. We specially and humbly request Nobel laureate Grameen Bank and Dr. Muhammad Yunus to support micro-aid model and gradually hand over all the micro-credit funds to such cooperatives for poverty alleviation. We further stress on the fact that DYNAMIC WELFARE FOUNDATION is providing you comparatively better solution to the micro-credit system for poverty alleviation and you decide whether to support us or not.

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Post no 2: MICRO-AID revolution against Micro-credit exploitation.

We reasonably stand against micro-credit system not to prove it useless but to provide a better solution to the problem. Our initiative will ensure an alternative source of fund to support the poor without any interest. We are going to introduce interest free “MICRO-AID” system to support the poor against micro-credit exploitation. Micro-credit business will be eliminated gradually through the introduction and expansion of micro-aid system throughout the world. The system is not dependent on foreign donation for any country. Micro-aid system may be adopted by any country for rapid elimination of poverty using internal resources without depending on foreign fund. We strongly recommend all the countries in the world become self dependent through poverty alleviation by micro-aid system which is also effective in developing internal resources by ensuring maximum utilization (instead exploitation) and participation of manpower in a country. A model of the micro-aid system is being formed in Bangladesh to reveal you the mechanism to be followed in your country.

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Post no 1: Traditional Approach for poverty alleviation.

Thousands of NGOs are working world-wide with millions of dollar fund to remove hunger and poverty. Those are playing significant (but not satisfactory) roles in poverty reduction. Among those, Grameen Bank, originated from Bangladesh, had been rewarded with Nobel Peace Prize for its remarkable contribution in poverty reduction through micro-credit system, although it is not uncontroversial. Micro-credit system, introduced by Nobel laureate Dr. Muhammad Yunus through Grameen Bank in Bangladesh has drawbacks like- incapability of the poor to repay the loan borrowed at a high rate of interest (around 20 percent), requirement of large volume of fund to operate the program with high management cost, misuse and abuse of the fund, binding the poor within loan cycles, force and punishment on loan default which may even provoke suicidal attempt by the victim to get relieved of the burden.

In general, micro-credit system is a form of micro-business utilizing the poor where profit making is the prime target for the micro-credit organization. The poor have to return majority of the profit to the lending authority that provided micro-credit at a high rate of interest to start micro-business. Therefore, this system is not very effective in improving the financial state of the poor. Yet, those have to borrow to start a micro-business because those have no alternative for survival. In this way, micro-credit system has now become a lucrative new business opportunity for the rich. This system has created alternative way to exploit the poor in the form of poverty alleviation initiative.

Realizing the limitations of micro-credit system, Dr. Muhammad Yunus has started new concept of “Social Business” for poverty reduction. Large volume of fund is also required to start a social business. The fund may be collected from donors or the fund utilized as Corporate Social Responsibility (CSR) by conglomerate may be diverted to start social business. It seems to me like that we maximize our profit by exploiting people in different ways and a fraction of the profit is utilized as CSR fund to help the poor to prove our generosity. We should not culture poverty to extend our hands with alms. Each of the people has right to live with dignity. Let everybody play a role in developing human civilization on earth to create a hunger free dynamic world.