Plenary Session III: Social Business and Microfinance

A session at Global Microcredit Summit 2011

  • Dª Soraya Rodríguez Ramos
  • Dr. Albert López Martínez
  • Franck Riboud

Tuesday 15th November, 2011

2:00pm to 3:30pm (WET)

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.

About the speakers

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Muhammad Yunus

Founder, Grameen Bank, Bangladesh

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Dª Soraya Rodríguez Ramos

Secretary of State for International Cooperation, Ministerio de Asuntos Exteriores y de Cooperación, Spain

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Dr. Albert López Martínez

General Director, Microbank, Spain

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Franck Riboud

Chairman & CEO, Groupe Danone, France

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Time 2:00pm3:30pm WET

Date Tue 15th November 2011

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