You Can Hear Me Now: How Microloans and Cell Phones are Connecting the World's P

You Can Hear Me Now

by Nicholas P. Sullivan

Bangladeshi villagers with mobile phones helped build what is now a thriving $200m company. What is the lesson for the rest of the world? In You Can Hear Me Now, Nick Sullivan answers this question through the compelling story of Iqbal Quadir, a local entrepreneur.

FORMAT Hardcover LANGUAGE English CONDITION Brand New

Publisher Description

Bangladeshi villagers sharing cell phones helped build what is now a thriving company with more than $200 million in annual profits. But what is the lesson for the rest of the world? This is a question author Nicholas P. Sullivan addresses in his tale of a new kind of entrepreneur, Iqbal Quadir, the visionary and catalyst behind the creation of GrameenPhone in Bangladesh. GrameenPhone—a partnership between Norway's Telenor and Grameen Bank, co-winner of the 2006 Nobel Peace Prize—defines a new approach to building business opportunities in the developing world. You Can Hear Me Now offers a compelling account of what Sullivan calls the "external combustion engine"—a combination of forces that is sparking economic growth and lifting people out of poverty in countries long dominated by aid-dependent governments. The "engine" comprises three forces: information technology, imported by native entrepreneurs trained in the West, backed by foreign investors.

Back Cover

The Incredible Story behind GrameenPhone in Bangladesh, a Creation of Grameen Bank, Winner of the 2006 Nobel Peace Prize "Grameen Bank has an impact on the poor, GrameenPhone on the entire economy." —Muhammad Yunus,winner of the 2006 Nobel Peace Prize "You Can Hear Me Now is a powerful proof of the roles that the private sector can play in economic development. Sullivan, by picking one industry—wireless—and cleverly weaving the economics and the growth of the industry with the human dimension, provides a distinctively new perspective on what is possible. A must-read for all those who are concerned about eradicating poverty. Equally, a must-read for managers who are looking for new engines of growth." —C.K. Prahalad, Paul and Ruth McCracken Distinguished University Professor, The Ross School of Business, the University of Michigan; author, The Fortune at the Bottom of the Pyramid "With the growing interest in how business can better serve the 'bottom of the pyramid' there is great need for both practical examples of how to do it and better understanding of how such strategies can truly benefit those caught in the poverty trap. This book delivers on both counts." —Stuart L. Hart, S.C. Johnson Chair of Sustainable Global Enterprise, Cornell University; author, Capitalism at the Crossroads "You Can Hear Me Now describes the human drama of the poor adopting technology to enhance their productivity. Well-researched and engaging, it expertly walks the reader through one surprising maze after another." —V. Kasturi Rangan, Malcolm P. McNair Professor of Marketing, Harvard Business School; coauthor, Business Solutions for the Global Poor "The stories of GrameenPhone in Bangladesh, legendary in development capital circles, and Celtel in Africa, among others, read as colorfully as any of the stories of the Gold Rush in the U.S. in the 1840s. Nicholas Sullivan has recounted the struggle and subsequent success in an easy-to-read but factual manner that shows risks countered by perseverance and guts—proving that you can do well by doing good." —Alan Patricof, co-founder, Apax Partners and founder, Greycroft Partners

Flap

"[T]he people of Bangladesh are a good investment inthe future . . . With loans for people to buy cell phones,entire villages are being brought into the Information Age.I want people throughout the world to know this story."
—President Bill Clinton,Dhaka, Bangladesh, 2000 Bangladeshi villagers sharing cell phones helped build what is now a thriving company with more than $200 million in annual profits. But what is the lesson for the rest of the world? This is a question author Nicholas P. Sullivan addresses in his tale of a new kind of entrepreneur, Iqbal Quadir, the visionary and catalyst behind the creation of GrameenPhone in Bangladesh. GrameenPhone—a partnership between Norway's Telenor and Grameen Bank, co-winner of the 2006 Nobel Peace Prize—defines a new approach to building business opportunities in the developing world. You Can Hear Me Now offers a compelling account of what Sullivan calls the "external combustion engine"—a combination of forces that is sparking economic growth and lifting people out of poverty in countries long dominated by aid-dependent governments. The "engine" comprises three forces: information technology, imported by native entrepreneurs trained in the West, backed by foreign investors. GrameenPhone's successful effort to provide universal telephony in a country that had virtually no phones, using microloans generated by Muhammad Yunus, co-winner of the 2006 Nobel Peace Prize, confirms the power of bottom-up development, which is creating millions of income opportunities for the rural poor and billions of dollars in national income. With similar success stories in other poor countries—such as those of Celtel, MTN, and Vodacom in sub-Saharan Africa, and of Globe Telecom and Smart Communications in the Philippines—cell phones are spreading like wildfire across the Southern Hemisphere and are helping to bridge the digital divide. You Can Hear Me Now describes an inclusive capitalism that engages and enables many of the four billion people at the bottom of the economic pyramid.

Author Biography

Nicholas P. Sullivan has written widely about technology and entrepreneurship, as well as international development issues. He is publisher of the journal Innovations: Technology/Governance/Globalization (MIT Press), and a partner in the Global Horizon Fund, a private-equity fund for emerging markets. This is his second book.

Table of Contents

Preface vii The Author xv Introduction: The Three Forces of xvii External Combustion Part I: The GrameenPhone Story 1. Connectivity Is Productivity 3 2. Dish-Wallahs of Delhi (and Other 17 Early Models) 3. Cell Phone as Cow: A New Paradigm in Search of Investors 35 4. On the Money Trail in Scandinavia 51 5. Building a Company 71 6. Building a Network 87 Part II: Transformation Through Technology 7. Wildfire at the Bottom of the Pyramid 107 8. Cell Phone as Wallet 125 9. Wealth Creation and Rural Income Opportunities 145 10. Beyond Phones: In Search of a New "Cow" 161 11. Eyeing the Dhaka Stock Exchange 181 Epilogue 199 Notes 203 Resources 215 Index 217

Review

Until recently, the outlook for many of the poorest people in Bangladesh was dismal. Despite previous long-term aid from the international community to improve the country's infrastructure and economy, sustainable development was hampered by corruption and governmental inefficiency. This book tells the story of Western-trained entrepreneur Iqbal Quadir, the driving force behind the creation of GrameenPhone, the largest Bangladeshi GSM (Global System for Mobile) cell-phone operation. Quadir had the innovative idea of using local Western-trained entrepreneurs to help villagers attain micro-loans funded by foreign investors (and generated by Nobel Peace Prize winner Muhammad Yanus) and then showing villagers how to operate cell-phone leasing businesses. Sullivan refers to this successful business model as the "external combustion engine" because of its impressive multiplier effects on economic growth. Applications of this model in other poverty-stricken areas worldwide have repeatedly yielded similar results. This book offers valuable insights about the use of cell phones and technology-based investments to generate wealth and demonstrates that entrepreneurship may be more fruitful than aid. This valuable work can be effectively integrated into public administration, global business, and human resource academic courses.
—Caroline Geck, Kean Univ. Lib., Union, NJ (Library Journal, February 2007)  "…describes an inclusive capitalism that engages and enables many of the three billion people living on $1 a day" (Credit Control, June 2007)

Long Description

The Incredible Story behind GrameenPhone in Bangladesh, a Creation of Grameen Bank, Winner of the 2006 Nobel Peace Prize "Grameen Bank has an impact on the poor, GrameenPhone on the entire economy." Muhammad Yunus,winner of the 2006 Nobel Peace Prize " You Can Hear Me Now is a powerful proof of the roles that the private sector can play in economic development. Sullivan, by picking one industry wireless and cleverly weaving the economics and the growth of the industry with the human dimension, provides a distinctively new perspective on what is possible. A mustread for all those who are concerned about eradicating poverty. Equally, a mustread for managers who are looking for new engines of growth." C.K. Prahalad, Paul and Ruth McCracken Distinguished University Professor, The Ross School of Business, the University of Michigan; author, The Fortune at the Bottom of the Pyramid "With the growing interest in how business can better serve the 'bottom of the pyramid' there is great need for both practical examples of how to do it and better understanding of how such strategies can truly benefit those caught in the poverty trap. This book delivers on both counts." Stuart L. Hart, S.C. Johnson Chair of Sustainable Global Enterprise, Cornell University; author, Capitalism at the Crossroads " You Can Hear Me Now describes the human drama of the poor adopting technology to enhance their productivity. Wellresearched and engaging, it expertly walks the reader through one surprising maze after another." V. Kasturi Rangan, Malcolm P. McNair Professor of Marketing, Harvard Business School; coauthor, Business Solutions for the Global Poor "The stories of GrameenPhone in Bangladesh, legendary in development capital circles, and Celtel in Africa, among others, read as colorfully as any of the stories of the Gold Rush in the U.S. in the 1840s. Nicholas Sullivan has recounted the struggle and subsequent success in an easytoread but factual manner that shows risks countered by perseverance and guts proving that you can do well by doing good." Alan Patricof, cofounder, Apax Partners and founder, Greycroft Partners

Review Text

Until recently, the outlook for many of the poorest people in Bangladesh was dismal. Despite previous long-term aid from the international community to improve the country's infrastructure and economy, sustainable development was hampered by corruption and governmental inefficiency. This book tells the story of Western-trained entrepreneur Iqbal Quadir, the driving force behind the creation of GrameenPhone, the largest Bangladeshi GSM (Global System for Mobile) cell-phone operation. Quadir had the innovative idea of using local Western-trained entrepreneurs to help villagers attain micro-loans funded by foreign investors (and generated by Nobel Peace Prize winner Muhammad Yanus) and then showing villagers how to operate cell-phone leasing businesses. Sullivan refers to this successful business model as the "external combustion engine" because of its impressive multiplier effects on economic growth. Applications of this model in other poverty-stricken areas worldwide have repeatedly yielded similar results. This book offers valuable insights about the use of cell phones and technology-based investments to generate wealth and demonstrates that entrepreneurship may be more fruitful than aid. This valuable work can be effectively integrated into public administration, global business, and human resource academic courses. ?Caroline Geck, Kean Univ. Lib., Union, NJ (Library Journal, February 2007)  "?describes an inclusive capitalism that engages and enables many of the three billion people living on $1 a day" (Credit Control, June 2007) "Grameen Bank has an impact on the poor, GrameenPhone on the entire economy." ?Muhammad Yunus,winner of the 2006 Nobel Peace Prize "You Can Hear Me Now is a powerful proof of the roles that the private sector can play in economic development. Sullivan, by picking one industry?wireless?and cleverly weaving the economics and the growth of the industry with the human dimension, provides a distinctively new perspective on what is possible. A must-read for all those who are concerned about eradicating poverty. Equally, a must-read for managers who are looking for new engines of growth." ?C.K. Prahalad, Paul and Ruth McCracken Distinguished University Professor, The Ross School of Business, the University of Michigan; author, The Fortune at the Bottom of the Pyramid "With the growing interest in how business can better serve the 'bottom of the pyramid' there is great need for both practical examples of how to do it and better understanding of how such strategies can truly benefit those caught in the poverty trap. This book delivers on both counts." ?Stuart L. Hart, S.C. Johnson Chair of Sustainable Global Enterprise, Cornell University; author, Capitalism at the Crossroads "You Can Hear Me Now describes the human drama of the poor adopting technology to enhance their productivity. Well-researched and engaging, it expertly walks the reader through one surprising maze after another." ?V. Kasturi Rangan, Malcolm P. McNair Professor of Marketing, Harvard Business School; coauthor, Business Solutions for the Global Poor "The stories of GrameenPhone in Bangladesh, legendary in development capital circles, and Celtel in Africa, among others, read as colorfully as any of the stories of the Gold Rush in the U.S. in the 1840s. Nicholas Sullivan has recounted the struggle and subsequent success in an easy-to-read but factual manner that shows risks countered by perseverance and guts?proving that you can do well by doing good." ?Alan Patricof, co-founder, Apax Partners and founder, Greycroft Partners

Review Quote

"...describes an inclusive capitalism that engages and enables many of the three billion people living on $1 a day" ( Credit Control , June 2007)

Promotional "Headline"

"...describes an inclusive capitalism that engages and enables many of the three billion people living on $1 a day" (Credit Control, June 2007)

Details ISBN0787986097 Author Nicholas P. Sullivan Short Title YOU CAN HEAR ME NOW Language English ISBN-10 0787986097 ISBN-13 9780787986094 Media Book Format Hardcover Year 2007 Imprint Jossey-Bass Inc.,U.S. Country of Publication United States Place of Publication New York Birth 1956 Edition 1st Subtitle How Microloans and Cell Phones are Connecting the World's Poor To the Global Economy DOI 10.1604/9780787986094 UK Release Date 2007-02-16 AU Release Date 2007-02-01 NZ Release Date 2007-02-01 Pages 272 Publisher John Wiley & Sons Inc Publication Date 2007-02-16 DEWEY 338.064 Illustrations Charts: 11 B&W, 0 Color; Drawings: 2 B&W, 0 Color; Tables: 2 B&W, 0 Color Audience Further / Higher Education US Release Date 2007-02-16

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TheNile_Item_ID:137316378;

• Condition: Brand new
• ISBN-13: 9780787986094
• Book Title: You Can Hear Me Now
• ISBN: 9780787986094
• Publication Year: 2007
• Type: Textbook
• Format: Hardcover
• Language: English
• Publication Name: You Can Hear Me Now: How Microloans and Cell Phones are Connecting the World's Poor To the Global Economy
• Item Height: 236mm
• Author: Nicholas P. Sullivan
• Publisher: John Wiley & Sons Inc
• Item Width: 161mm
• Subject: Economics, Technology
• Item Weight: 460g
• Number of Pages: 272 Pages

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