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Intro to Social Business

Intro to Social Business. Muhammad Yunus -Grameen Bank Micro-financing Social Entrepreneurship . Who is Muhammad Yunus?. Muhammad Yunus. Awarded Nobel Peace Prize in 2006 Bangladeshi National PhD in Economics from Vanderbilt University, USA Started the Grameen Bank in 1976.

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Intro to Social Business

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  1. Intro to Social Business Muhammad Yunus -Grameen Bank Micro-financing Social Entrepreneurship

  2. Who is Muhammad Yunus?

  3. Muhammad Yunus • Awarded Nobel Peace Prize in 2006 • Bangladeshi National • PhD in Economics from Vanderbilt University, USA • Started the Grameen Bank in 1976

  4. The Grameen Bank

  5. The 16 Decisions • Link to Grameen Bank 16 Decisions

  6. If the Grameen Bank no longer takes donations, then how can we help from here?

  7. Micro-Financing • "Microfinance is the supply of loans, savings, and other basic financial services to the poor." (CGAP)

  8. www.kiva.org • Support Entrepreneurs in Developing Countries; Promote SUSTAINABILITY!

  9. Social Business • What are the difference between PMB (Profit-Maximizing Businesses) and Social Businesses?

  10. Profitability • Profit = Total Revenue - Total Cost

  11. Profit Maximizing Business • Driven by the desire to make money/ personal gain

  12. Social Business • “driven by the desire to do good for people and the planet - that is, selfless concern for others.” • Social benefit comes from ownership by poor or disadvantaged • OR from motivation for good, not profit

  13. Seven Principles of a Social Business • (1) Business objective will be to overcome poverty, or one or more problems (such as education, health, technology access, and environment) which threaten people and society; not profit maximization • (2) Financial and economic sustainability • (3) Investors get back their investment amount only. No dividend is given beyond investment money

  14. Seven Principles cont. • (4) When investment amount is paid back, company profit stays with the company for expansion and improvement • (5) Environmentally conscious • (6) Workforce gets market wage with better working conditions • (7) ….do it with joy

  15. 7 Principles Condensed • 1. social objective to overcome a problem • 2. financial sustainability • 3. investors get money back that they put in (don’t make a profit) • 4. profits used to improve company • 5. environmentally conscious • 6. employees treated and paid well • 7. Do it with joy!

  16. How will you structure your social business?

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