Neither borrow nor lend. Because you will lose both
money and friend in this way. A small loan makes debtor and a big loan makes an
enemy. If you help a man lending him some money and if he is a good man, he
will feel himself as your debtor even after repaying the loan. Habit of borrowing
is the symptom of the worst poverty. Borrowing is not better then begging's.
Those who are self-respectful, never borrow. Don't keep the left over of loan,
fire or disease. If you keep the left over, it will again increase. He dies who
repays all his loans. Lending and repayment of loan are the real savings. Cash
today, credit tomorrow, good by credit, to you. Don’t lend money to anybody,
because, you will lose a friend, if you lend him money. A borrower, normally
kills time by promising to repay the loan. People can borrow but can't repay.
We can criticize others very well but we can’t tolerate criticism of others.
People borrow money very politely but becomes ferocious when you force them to
repay. Build a house, not a cottage, lend, better don't ask for repayment for
lend money. A man who does not borrow, lives in peace. But if a borrower
intends to repay the loan, Allah arranges for it. Otherwise he will spoil his
life. To avoid borrowing and anxiety, a good plan is required. Make a budget,
curtail your expenditure and increase your income. Make yearly family budget,
save one-fifth of your income, in this way, your savings will gradually
increase and you will be able to face your odd days as well. Make payments and
repayments of loans in presence of a suitable witness and write down place,
time, amount etc. in details. Not giving a promised thing, is as good as not
repaying a loan. Don't borrow without arrangement of repaying it. It is better
to go to bed at night with hunger than to rise in the morning with the burden
of loan. It is better to live a simple life without borrowing. Time will pass
if you starve but if you borrow, you will be a debtor. The subject of money
lender is in the new form of micro credit has appeared. Now it is a very common
phenomenon to buy crops and labour in advance. They repay the installment money
by selling labour or borrowing from others. Classification of micro credit-
traditional informal micro credit (such as, moneylender's credit, pawn shops,
loans from friends and relatives, consumer credit informal market, etc.),
activity-based micro credit through conventional or specialised banks (such as,
agricultural credit, livestock credit, fisheries credit, handloom credit,
etc.), cooperative micro credit (cooperative credit, credit union, savings and
loan associations, savings banks, etc.), consumer micro credit, specialised
banks, NGO or partnership based micro credit. General features credit are it promotes credit
as a human right. Its mission is to help the poor families to help themselves
to overcome poverty. It is offered for
creating self-employment for income-generating activities and housing for the
poor, as opposed to consumption. In order to obtain loans a borrower must join
a group of borrowers. All loans are to be paid back in instalments (weekly, or
bi-weekly). It comes with both
obligatory and voluntary savings programmes for the borrowers. It gives high
priority on building social capital. It is promoted through formation of groups
and centres, developing leadership quality through annual election of group and
centre leaders, electing board members when the institution is owned by the
borrowers. To develop a social agenda owned by the borrowers. It undertakes a
process of intensive discussion among the borrowers, and encourage them to take
these decisions seriously and implement them. It gives special emphasis on the
formation of human capital and concern for protecting environment. Loan
repaying process- time 1 year, weekly installment of equal size, interest rate
15 percent. Investment- money should be invested in such heads wherefrom
instant earnings can be obtained by least investment. For example, arrangement
for a earnings have to repay at least 100/- taka per week for a loan receiver
from a group of five. The ability to repay the loan little by little reduces
anxiety, and strengthens mental purer, inspiration and self confidence.
Decision- with unity, cooperation, discipline, courage, labour and joint
venture enterprise for socioeconomic environment development to generate new
incomes opportunity, and moderating with expenditure minimizing. Against the
uncollected loan savings the recoverable loan and interest is 75% of balance,
in the 1st year and 100% in the 2nd year has to be saved, in the 3rd year it has
to be abolished. Along with the increasing of economic capability of the loan
receiver, the amount of loan should be increased in proportion to the
investment. Having deposited 10
percent in the emergency fund, each week installment of the loan receiver is to
be repaid. Otherwise other
members will repay the equal installment of loan, in proportionate and
searching the causes for not repaying the installment and will determine its
remedy. This will reduce misunderstanding and increase responsibility. At the
same time, taking preparation of new loan, strong deposit scheme,
self-reliance, joint financial management and above all experience is gained.
Cooperative bank encourages investment through deposit and sanction of loan.
Rather cash paid profit, production element, accelerated production. Investment
of elements of production instead of one time huge money for paying off price
is cheap in the real sense. It’s main target is to perform betterment through
meeting the demand, so through statistics of data and information and its
analysis, the monitoring and feedback are justified. The regular information of
the socio-economic condition of men, entrepreneurship and their evaluation is
necessary and important. Every group maintains a savings fund called group fund.
Every member has to deposit Tk ten a week in the fund. The loans taken from the
community have to be repaid in weekly installments within one year. The money
has to be invested in the productive sector specified within one week from loan
disbursement. It is illegal to use the borrowed money for any other purpose.
All materials or assets procured by the borrowed money are considered property
of the community until the loan is refunded. Entirely the transaction depends
on the regularity of every member in attending the weekly meetings, discipline,
and timely repayment of loan installments. Members of a group can fine any
fellow member for indisciplined activities (such as not attending in weekly
meetings, irregular installment payment, and failure to deposit money in the
group fund). The money exacted in fines is deposited in the group coordination
fund. Member of a group can be expelled for anti-disciplinary activities by
unanymous decision of the rest of the members. This can ensures its profit by
exploiting the rural manpower resources. By utilising the loans in productive
activities they can upgrades income, or makes way for improving some of their
status in the family. Three
'C's of credit- Character: means how a person has handled past debt obligations
from credit history and personal background, honesty and reliability of the
borrower to pay credit debts is determined. Capacity: means how much debt a
borrower can comfortably handle. Income streams are analyzed and any legal
obligations looked into, which could interfere in repayment. Capital: means
current available assets of the borrower, such as real estate, savings or
investment that could be used to repay debt if income should be unavailable.
Lending money alone cannot help rural poor come out of the poverty trap.
Otherwise, lending will just enchain the rural poor in a vicious cycle of debt. They need life
security, institutional financing and marketing mechanisms of their products
with training and monitoring, and they need access to utilities, infrastructures
and justice. Only then borrowed
money, whatever small it may be, can create a sustainable source of income. Not
poverty, rather inequity in distribution remains as the main problem. They need
widely consulted before budget preparation, and many of their demands are
incorporated in the tax policy. Rural credit market itself is not likely to be
a powerful enough engine for non-farm growth and poverty reduction. Programmes
like small business, livestock, crop production and food processing are on going.
However, there is no physical mechanism to make sure that the borrowers used
the money exactly for what it was meant for. In most cases, the money is not
spent in productive sector. Giving credit alone does not make the poor
self-employed. Assistance provider should go to men. Field workers used to
visit house to house, reach the money at hand and take care at the every step
of the investment, so it worked. Micro-finance
programme is as micro-colonisation. Money without monitoring or training
without money is just wastage. By depositing daily amount of money, and
considering who needs, what needs in what amount, it is possible to eradicate
financial poverty by distributing loan. It should be noticed that loan money
should not be spent in any field other that the target work. Almost everybody
suffers from a nostalgia, dreams that he will be solvent, which is only an
utopian imagination. God has gives us such a small and torn piece of cloth that
cannot cover our whole body. If you want to drive away poverty, your wealth
will go away and if wealth goes away, it goes away for unlimited increase of
beauty of the society. Only those who are not poor, teaches to accept poverty
as a symbol of sacrifice, and they who are responsible for creating poverty.
Nobody born as poor but the environment and the social system make him poor.
Who is actually poor? He is poor who is to work against his will. The bitterest
things is to obey the hard rules and poverty. So long poverty and slavery will
continue, the life cannot be supposed to be safe. So long there is
civilization, there is poverty alongwith help. The more restrictions and
obstruction will increase, the more poverty will increase. A poor man does not
have any principle, ideology or morality. He who has less, is not poor but he
is poor who hopes for much. A poor man does not bother for society, religion,
principles of life and so on. Their only identity is that they have nothing.
Poverty perishes many genius future in the bud. The sufferings of poverty
insist a poor to commit any misdeed. Everybody knows that the crimes occurred
due to poverty cannot be stopped by punishment, but punishment here acts as a
revengeful action only. Even some amount of food of the poor people are bing
snatched day by day with the help of
law. Poverty and sin goes parallel. Poverty sometimes makes a great wise man
even mum infront of his rival. The cruel poverty ends up the total brightness
of a man within a moment. He who bows down his head to poverty, is having no
personality at all. A man without wealth is neglected by his closest ones.
Members of a family do not take care of the person who is unable to bear the
expenses of his family. In this world, everybody obeys him, who can provide
food. A poor man is not accepted by his relatives. The cries of a poor man is
meaningless. Those who are conservative, are always engaged in acquiring money
and power. Fools and poors toil but get nothing in cash and keep hoping
something in future. They end up with the anxieties for their old age, poverty,
unability and life like a beggar. Peasants, labourers, workers, coachmen,
blacksmiths, mechanics, without whom a state does not run, they spend their
lives in vain for others, at last die in their old age with diseases and being
farthingless. The state which does not arrange for the minimum solvency of
these people, is cruel and without any principle. But works of these people are
essential that without it a state cannot run for a year even. Poverty, disease
without medical treatment, poor income and physical inability are the worst
insults towards humanity. Save yourself from the attack of poverty. Because the
curse of poverty makes a man disbelieve in God. Downfall comes for financials
crisis and poverty. The leading cause of downfall is negligence of ideology and
morals. Because life of human being is dependent on earning. Man becomes low
and poor intentionally, only patience and diligence is required to get rid of
it. Use your physical as well as mental strength. Now a days, it is very easy
to end up your money for the consumer goods. Due to a weak patience, a man's
money is spent in a easy but fruitless way. This is the main reason for
economical war and poverty. We center our thought towards loan to get what we
want. But don't think over earning, this bad habit has swallowed us
individually and as a nation. Physical labour brings money but theoretical
income and expenditure bring poverty. Everybody of us should find out the way
of earning our bread. Hunger peeps at the home of a professional man but does
not dare to enter. Everybody has the right to run his livelihood through work.
The amount of wealth required to run the livelihood, is the limit of right of a
person. Man depends on labour, by labour and work only poverty can be
eliminated. Dependability on others can be removed and change of luck becomes
possible. In the wealth of the rich men, there is no power to eliminate the
poverty of common people. The power is within the common people. Before paying
the notice to all aspects, it is necessary for human being to pay attention on
the basic necessities. Either everyone will acquire our rights or sacrifice our
blood. Think about our poor life, but with the majority of our labour a small
section has been greatly developed. We are the victims, we are powerless,
because we are not holding hands together. He who only escapes himself or
herself dies being trapped by over escapism. Through breaking the faith of others and making
destitute someone becomes rich taking the opportunity of inability making
others poor. There are many ways to turn anyone a hardcore poor overnight. In
many cases, elderly citizens become more helpless and are left unattended due
to changes in family norms and traditions. Poverty teaches men meanness and
affluence teaches desire and addiction. Poverty turns men to thief, fraud,
gambler, indifferent, liar, obstinate, dogmatic, on the other hand affluence
makes men lazy, prude, affectionless, traitor, self possessive and self
preacher. But during at a critical time, poor and rich become one and
comparatively the poor proves their quality superior to the rich in life
sacrificing. Poverty is a fatal disease, it breaks mind, narrow down the
outlook, spoils the hopes and aspiration, makes failed to take reasonable
decision. Creation of new assets with local resorce utilization and it’s smooth
distribution is a special strategy for poverty reduction. To do that, effective
participation that persuades the local people to search the root cause of the
problem and the solution to resolve that. For this the objective verification
and judgment of the events are necessary. The background of the poverty of the
family, history, process and how the poverty had been created and got increased
are to be known. What measures should be taken it is necessary to know the
information of family income, expenditure, causes of failure to meet the
expenses of the daily necessity, assets and loan, activities to reduce poverty
and re-poverty. Economic reason is the main reason behind all change, to enrich
the society physically and economically, controlling of population is
essential. Savings and commercial condition, that is the right and exploitation
system of the human being is increasing rapidly along with the population
explosion. The cure of this wound is not possible by the old system. That is
also not possible only through increasing of production and fulfilling the
deficiency. In the consideration of the socio-economic, political condition,
the contemporary crisis is to be overcome. On it, the state condition, religious
condition and society remain stable. At first instant assistance at the
enterprise of the firm programe that is based on social consciousness, later
through market system, it is possible to resolve all problems of poverty. For
this, each able member of every family has to undertake the responsibility of
meeting the demand. The origin and problem of poverty is alike everywhere.
Poverty is not creation of the poor but the rules, structure and principles of
the society lay at this root. Own resources and proper management solve the
problem of poverty. The cause and nature of poverty is different,
like-financial, mental, moral, social, cultural poverty. In many cases the
non-financial causes of poverty are more aching and tormenting, and inhumane.
In case of failure to identify the interrelation among personal, familial,
social poverty, many aspects and level of poverty remain unexposed. It is
needed to determine the overall poverty through searching personal poverty.
Moreover, it is necessary to identify where and to what extent cavity or blank
space remains among the local people personally or collectively regarding
necessary assets skill education or probability necessary for poverty
reduction. Poverty is the result of the soundness of man in the field of
financial social, political, physical, moral and cultural arena. Poverty is not
any financial state, rather a financial condition created out of poverty.
Socio-economic change of person depends on the change of inner awareness of the
person. The basic causes of poverty remain within the poverty stricken people,
that is only the expression of the state. Poverty arises from personal or self
defects. The reasons of poverty remain within itself and mainly local. So, the
work of solution is to be initiated from the local society. As persons remained
impugned in moral, psychological and cultural poverty, the socio-economic
poverty is created. So, initiative at first is to be taken for increasing
inner-capacity of individual. If awareness is arisen along with this power,
then the person would be able to come out of poverty by himself. Various types
of non-financial poverty enhances financial poverty. Getting injustice instead
of justice money and time are wasted as huge loss. If there is lack of
uniformity between family and society, and other` opinion is disregards of
other opinion, respect less condition, financial condition gets deteriorated.
This needs uniformity of opinion, willingness for discuss the problem and
solution. Not financial poverty, the lack of consciousness is the great
poverty. But nobody seems to have any consciousness about that. The poor has no
plan in any work. In all area of financial, familial and social life, they are
indifferent, that means sudden and then is the principle that is another reason
for poverty. Immature loss or physical illness of father, mother or spouse,
physical illness, losing parts of body, laziness, chaos in family, having many
children, previous poverty, falling prey to poverty, getting involved in cases,
being deceived, natural disaster, having no work all the time, getting married
in poor family, etc are the causes of poverty. Without taking endeavour to
resolve the problems inside the family and society all efforts to remove
poverty will fall in vain. A day labourer cannot maintain his daily expenditure
with his daily wages, as such he can't think of savings at all. It is the
creation of ability only, not handing over of income, can change a poor man's
life. Those who are too much practical, can attain solvency but not peace
always. Financial solvency begets friends but not love. You should live like a
poor till you earn much more than your requirement. It is harder to save money
by curtail expenditure that to earn. One can become rich by collecting gold
from a gold rain but he cannot spend it well if he does not have a good taste
and well experience. A man should not spend all he earns. Those who save in
time, do not fall in financial crisis. He who does not utilize his bullock,
falls in great distress. His corn fields remain barren and he falls into want
of food and clothes. He who fully depends on others' works, cannot expect for
benefit at all. It is better to work father and son together. Otherwise,
brother's help can be bought. Other persons will not work sincerely. He who
works himself side by side with his workers, gets a good result. He who gets
his work done by others but supervises himself, gets, half of the benefit. And
he who neither works himself nor supervises the work, should not expect any
benefit at all. Because nobody works for others sincerely. As such, its result
is also not upto expectation. Nobody will work for others as a man's son will
do. But if all the brothers work together, the result will be excellent. His
life is in vain, who is an illiterate, he is alone, who has no friend, the
home is lonely, where there is no child
and a poor man is totally a zero. Profession under somebody, living without a
permanent shelter, to take up some job in a farthingless condition and overall
poverty, are troublesome. There is no helplessness than subjugation and
bankruptcy. One should fulfill his demand, upto a certain limit to maintain
social peace. But the fulfillment
should not go to such extent that others cannot fulfilled their demands at all.
Rich people indebted, middle class people live in illusions and poor people
starve, because wealth is divided only, not multiplied.
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