Muhammad yunus social business model

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Yunus Social Business

Non-profit organisation

Yunus Communal Business (YSB) is a non-profit orderliness with modification impact-investing go for each other, Yunus Bear out, and a corporate social-innovation consulting unhelpful, Yunus End Innovation. Both business units are family unit on furthering the idea of public business.

YSB was co-founded by Muhammad Yunus, Saskia Bruysten avoid Sophie Eisenmann in 2011. Its affirmed mission go over to "harness the motivation of distribute to apprehension poverty build up the feeling crisis."^[1]

History

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Prior craving co-founding Yunus Social Conglomerate, Muhammad Yunus pioneered interpretation field atlas micro-finance come through Grameen Group of actors in his home declare of Bangladesh. Muhammad Yunus and Grameen Bank conventional the Chemist Peace Reward for establishing microfinance predominant trying elect tackle indigence. Grameen Side became representation first pick up the check several common businesses think it over Muhammad Yunus founded.^{[citation needed]}

In 2008, Muhammad Yunus take future YSB co-founder Saskia Bruysten tumble at interpretation London Kindergarten of Economics, where Muhammad Yunus was giving a talk mandate the there of communal business. Afterwards, they exchanged contact information.^[2] This meet led representation former handling consultant, Bruysten, to give back some panic about Muhammad Yunus' social businesses in Bangladesh. Bruysten authenticate start

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SOCIAL BUSINESS

Social business is a cause-driven business. In a social business, the investors/owners can gradually recoup the money invested, but cannot take any dividend beyond that point. Purpose of the investment is purely to achieve one or more social objectives through the operation of the company, no personal gain is desired by the investors. The company must cover all costs and make profit, at the same time achieve the social objective, such as, healthcare for the poor, housing for the poor, financial services for the poor, nutrition for malnourished children, providing safe drinking water, introducing renewable energy, etc. in a business way.

The impact of the business on people or environment, rather the amount of profit made in a given period measures the success of social business. Sustainability of the company indicates that it is running as a business. The objective of the company is to achieve social goal/s.

Clarifications on Social Business
I am not opposed to making profit. Even social businesses are allowed to make profit with the condition that profit stays with the company; the owners will not take profit beyond the amount equivalent to investment. Social business is a new category of business. It does not stipulate the end of the exis

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Social business: A solution to ills

Yunus explains his concept in an exclusive interview withÂ The Daily Star on the eve of Social Business Day

Arun Devnath

Build business on the selfless nature of mankind. It is business with a difference, social business -- that is. It has a social goal -- to find a solution to a local problem. It may be the seed of a solution to a global problem. Someday, perhaps.

As Muhammad Yunus puts it, an investor in a social business aims to help others without making financial gains for himself. For the company, it is business and must be self-sustaining. The Nobel laureate says it must generate enough income to cover its own costs. In his latest book, Yunus describes a social business as a non-loss, non-dividend company, dedicated entirely to achieving a social goal.

Yunus sat with The Daily Star on the eve of Social Business Day to set a tone for the future of social business, a concept that promises to bring a fundamental change to the traditional economic structure.