Our 2016 Annual Report is online!

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Whoop whoop! Our social businesses almost doubled their client base last year. The 2016 Annual Report is out with a personal message from Prof Yunus:

“Let’s have 1 percent of the economy be social businesses in the next five years”. 

Download here

Survey on Scaling Social Businesses In Emerging Economies

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What keeps social entrepreneurs in developing countries from growing their ventures? Around the world social entrepreneurs are creating innovative businesses that reduce poverty and improve the lives of their customers. These pioneers often encounter many hurdles along the way that make growing a social business a significant challenge. With insights from more than 120 interviews with early-stage social entrepreneurs in developing countries, we explore the common financial and non-financial obstacles they face.

The survey showed that access to financing is still a major issue for most of the entrepreneurs: loans are expensive, require significant personal collateral and traditional financing providers don’t take the social mission of the business into account. Besides access to capital, especially in the missing middle, social entrepreneurs also have challenges finding new customers for their products and services, managing their operations and technical excellence, as well as recruiting and retaining high quality staff. Based on our findings we distilled specific conclusions and recommendations for entrepreneurs, investors and intermediaries. We want to thank the Robert Bosch Stiftung, which has made this publication possible.

Social Business Profile – Moradigna

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More than 40 million Brazilians live in housing that suffers from residual damp, mold, and poor ventilation, all factors that contribute to serious public health problems. Jardim Pantanal is a poor community, in the East Zone of São Paulo built on wetland at the edge of the city. High humidity and frequent flooding mean many residents live in housing that is permanently damp and in constant need of repair.

Founded in 2014 Moradigna provides building and renovation services to low-income households in Jardim Pantanal, helping residents improve their living environment and their health.

Matheus Cardoso, founder of Moradigna is a resident of Jardim Pantanal. “When families realize they can transform the whole house they feel empowered, knowing that they can live in a better environment. Its is not a privilege, it’s a human right. A house is the most important part of many peoples lives, to Moradigna, making people feel comfortable and healthy inside their own home is very gratifying.”

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Currently, Moradigna employees +22 workers from the local area and has transformed more than 100 houses, impacting more than 500 lives. Moradigna has proven that there is a huge unmet demand of this kind of service in low-income communities in Brazil.

 

Help us create fair jobs in Albania

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YSB_Albania_Textile_4Our serial entrepreneur Gjergji is setting up a textile social business to create over 130 better paying jobs with exceptional working conditions for vulnerable women in Albania. Located in an area with some of the highest unemployment rates in Albania, Gjergji’s social business reinvests all profits to create much-needed fair jobs in the region. You can now support him on KIVA’s crowd-lending platform by lending any amount to his social business, starting with as little as 25 USD.

The concept of a business that operates with the one goal to create profits for its owners is out-fashioned. Building a business that will contribute to a community in need, providing employment for vulnerable women and giving them the opportunity to provide revenues for their families – that is my personal goal”- Gjergji Gjika in Monitor.al, 2012

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The company will not only create income-opportunities for women. It is also a commitment towards a healthy working environment, state of the art machinery and training opportunities for employees. We have seen it over and over again in the past: Invest in the women and you invest in their families. Gjergji has already supported over 20 garment factories in Albania and has been a leading advocate of better working conditions in the Garment Industry in Albania. With the first clients already lined up to order, your support to Gjergii will help his social business grow and provide livelihoods for disadvantaged women.

India embraces Social Business

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From launching the Festival of Innovations to introducing a Masters program on Social Entrepreneurship and Innovation, India, particularly the Tamil Nadu region, is keen to innovate and drive social entrepreneurship.

India seeks Prof. Yunus’ help on social business, innovation and microfinance.

Here are the highlights.
Prof. Muhammad Yunus started the year at the 102nd Indian Science Congress, where he was awarded a gold medal by the Indian Prime Minister, Narendra Modi, for giving the poorest a life of hope, opportunity and dignity. He was also invited by Prof Anil Gupta of IIM-A to launch the Festival of Innovations at Rashtrapati Bhawan where he co-chaired a session with the President of India, Pranab Mukherjee. The Festival of Innovations is an initiative of the National Innovation Foundation.

Seperately, In a high profile panel discussion televised by NDTV, Prof. Muhammad Yunus was invited to speak about the Grameen experience in ‘banking for the poor’ and the relevance of the social business model for India.

Prof Yunus launched a Masters program in Social Entrepreneurship and Innovation at the Rajiv Gandhi National Institution of Youth Development (RGNIYD) in Chennai. He also met with the Governor of Tamil Nadu where he advised him on address youth unemployment in the state through entrepeneurship.

He closed his India trip with a roundtable held in his honour by the Maharashtra Finance Minister to seek his advice on converting the state’s 1.7 million Self Help Groups into “super happiness groups” through social business! Read more here.

 

For more information on YSB India, contact:

Aarti Wig
Phone: +919833214428
Email: aarti.wig@yunussb.com