Tuesday 15th November, 2011
2:00pm to 3:30pm
Social Business and Microfinance: Building Partnerships with Corporations and Other Entities To Speed the End of Poverty
Nobel laureate Professor Muhammad Yunus is the father of microcredit and the founder of Grameen Bank. In this paper, he introduces his new pioneering concept of social business. A social business is a non-loss, non-dividend-issuing business which is founded with a specific social goal. This is a new kind of business, which applies the methodology of business to fight poverty and solve its consequent social problems. It provides an added dimension to capitalism – the innate human urge to do good.In Bangladesh, Grameen is partnering with a number of multi-national companies, such as Danone, Intel, and Reebok to launch social business ventures. The concept is also spreading through the world via Centres. Institues and Labs. Social business is a powerful new concept that can revolutionize the way we think about business and human problems. Using social business, we can eradicate the social, financial, and environmental problems that plague our world.
Secretary of State for International Cooperation, Ministerio de Asuntos Exteriores y de Cooperación, Spain
General Director, Microbank, Spain
Chairman & CEO, Groupe Danone, France
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