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Muhammad Yunus – the Social Business Model
Muhammad Yunus, Nobel Peace Prize winner and founder of The Grameen Bank, explains his “social business” model, a plan for addressing social issues through entrepreneurship.
He speaks about his new book Creating a World Without Poverty.
Muhammad Yunus is founder and managing director of the Grameen Bank, established in Bangladesh in 1983. Dr. Yunus founded the bank with the objective of helping poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few sound principles of finances so they can help themselves.
The Grameen Bank has advanced to the forefront of a burgeoning world movement toward eradicating poverty through micro-lending and its model has been replicated in over 100 countries worldwide.
In 2006, Dr. Yunus was awarded the Nobel Peace Prize for his work with the Bank.
This program was recorded in joint collaboration with the Commonwealth Club of California and Link TV.
Tags: markets, Muhammad Yunus Social business outline, social business, banking, BusinessTopics: Business & Franchises | 2 Comments »
September 3rd, 2010 at 12:23 am
I doubt the FSA would be happy about a loan or mortgage like that.
September 10th, 2010 at 3:16 pm
Thanks for sharing this video – I especially liked the bit on micro-lending which I think is an area that can only expand. The most important thing to remember with any business venture whether it be self-employment, business investment or franchise business, it takes a heck of a lot of time and dedicated effort to succeed.
Joe