Cell phones have added $650 million to Bangladesh’s gross domestic product (GDP) and created almost 240,000 jobs in the country. On top of that, most of the jobs pay significantly more than the average job, a recent study by the
international firm Ovum found. Grameen Phone, and its Village Phone program, should be given a lot of credit for this.
Grameen Phone is currently the largest mobile phone company in Bangladesh with
seven million subscribers in April. The telecom company itself is a for-profit operation but has a nonprofit arm that works with the microfinance giant the
Grameen Foundation to get mobile phones to people living in poor, rural areas. How the
Village Phone program works is that select members of Grameen’s micro-banks, usually women who have proven their ability to work and repay loans, use a small loan from Grameen to purchase a mobile phone. Often times this is the first working phone the village has ever had. The women then turn the mobile phones into businesses, charging fellow villagers a fee to make calls. Essentially this makes each owner of a Village Phone the head of a small, mobile call center.
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