17/07/2024
📙Social entrepreneurs stand as a transformative force in the global economy, who innovate and build businesses by blending the pursuit of financial sustainability with the mission to address social, cultural, or environmental issues.
🖍Let's start a cycle of global examples considered as good practices - stories of Impact of social enterprise(by futurize.studio).
Today we undertake with the one known as "the father of social enterprise": Muhammad Yunus - Grameen Bank (https://grameenbank.org.bd/)
👌Muhammad Yunus, the Father of Microfinance, founded the Grameen Bank in Bangladesh to provide small loans to people experiencing poverty.
🤝To help people avoid economic hardship, he wanted to provide affordable loans. Yunus demonstrated how microloans could empower low-income individuals and spark their entrepreneurial spirit, starting with a personal loan of just $27 to 42 women in Jobra village. Today, his organization, Grameen Bank, is revolutionizing banking for 10.52 million borrowers in 81,678 villages, 97% of whom are female members. The Grameen model has gained global recognition, earning Yunus and the bank the Nobel Peace Prize in 2006.
More examples in upcoming news...