Just found out that Nobelaureate Muhammad Yunus, co-founder of Grameen Bank, is also a founding member of the Holcim Foundation for Sustainable Construction Advisory Board.
Holcim has been very active in building a strong social face in Indonesia, especially since the Aceh reconstructions. The Grameen Bank approach is gaining popularity here as well, which is crucial in getting conventional bank’s attention to the poor as clients.
Are we seeing a light in the effort to bring private sector financing to enable the poor to build houses?
Just to balance things off: my friend was outraged when he found out about Yunus and Holcim. He said, "See.. this whole Grameen Bank thing is part of the global capitalism scheme!"
Previous post on problems with low-income housing mortgage