Prof. Muhammad Yunus Releases New Book “A World Of Three Zeros”

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A World Of Three ZerosOur Chairman and Co-Founder, Prof. Muhammad Yunus offers his vision of an emerging new economic system in his new book ‘A World of Three Zeros: The New Economics of Zero Poverty, Zero Unemployment, and Zero Net Carbon Emissions’.

Yunus created microcredit, invented social business, and earned a Nobel Peace Prize for his work in alleviating poverty. Now he declares it’s time to admit that the capitalist engine is broken – that in its current form it inevitably leads to rampant inequality, massive unemployment, and environmental destruction. We need a new economic system that unleashes altruism as a creative force just as powerful as self-interest.

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At YSB, we are really excited to have some of our businesses such as Golden Bees feature in the new book, showing how the concept of social business can be realised in our shared vision for A World of Three Zeros.

In his book, Yunus explains how thousands of people and organisations have already embraced this vision of a new form of capitalism, launching innovative social businesses designed to serve human needs rather than accumulate wealth. They are bringing solar energy to millions of homes in Bangladesh; turning thousands of unemployed young people into entrepreneurs through equity investments; financing female-owned businesses in cities across the United States; bringing mobility, shelter, and other services to the rural poor in France; and creating a global support network to help young entrepreneurs launch their start-ups.

In A World of Three Zeros, Yunus describes the new civilization emerging from the economic experiments his work has helped to inspire. He explains how global companies like McCain, Renault, Essilor, and Danone got involved with this new economic model through their own social action groups, describes the ingenious new financial tools now funding social businesses, and sketches the legal and regulatory changes needed to jump start the next wave of socially driven innovations. And he invites young people, business and political leaders, and ordinary citizens to join the movement and help create the better world we all dream of. 

‘A World of Three Zeros’ is available now from all good bookshops.

 

 

 

 

 

 

 

 

 

 

 

 

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.