Monthly Archives

September 2013

Prof. Yunus and YSB in New York

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For the next two weeks, Yunus Social Business (YSB) will be in New York to be part of exciting events in New York, including the UN Global Compant, UN MDG Innovation Forum and the Clinton Global Initiative Annual Meeting.

Stay tuned to exciting news from us in the upcoming weeks!

Loan for Social Business Rozafa has been financed on KIVA.org!

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We have teamed up with Kiva.org to start an new initiative, to gather the initial investment for a Social Business through Crowdfunding!

On August 16th, the website where people from all over the world could invest in Rozafa, went online. The unexpected happened: in less than two days, we raised $23,950 to fully fund the loan!

Rozafa will begin to pay back the loan after 2 years.

Thank you very much everyone who has contributed to our first loan on Kiva! Get ready for our next loan soon!

 

Rozafa is a social business that will help 120 poor, rural Albanian women earn a livelihood from making beautiful traditional Albanian handicrafts, and distribute these to the European and international markets.

To visit the Kiva page, please go here.

MoU with USAID signed!

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On July 22nd, the U.S. Agency for International Development (USAID) and Yunus Social Business (YSB) signed a Memorandum of Understanding (MOU) to work together to promote entrepreneurship and the development of “social businesses” in vulnerable and underserved communities around the world and to collaborate on the development of social business incubator funds in a targeted set of developing countries.

 

Find the press release here.

 

National Conference on Social Business in Tunisia, 13.03.2013

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On March 13, 2013, the National Conference on Social Business is taking place in the Institut des Hautes Etudes Commerciales (IHEC) in Carthage, Tunisia, hosted by the African Development Bank and Yunus Social Business – Global Initiatives.

Please find below the official flyer and program.

GROUPE DE LA BANQUE AFRICAINE DE DEVELOPPEMENT

Programme

Conférence Nationale sur le Social Business en Tunisie

Mercredi 13 Mars 2013 – IHEC Carthage, Tunis

Horaire

Session

Lieu

Intervenant

8h00-9h00

Enregistrement des participants

Bibliothèque

 

9h00-10h00

Ouverture

 

 

Plénière, Chapelle

Prof. Slim KHALBOUS, Directeur, IHEC

 

Discours d’ouverture

M. Riadh Bettaieb, Ministre de l’Investissement et de la Coopération internationale

 

Lancement du Programme « Mouvement Holistique de Social Business en Afrique »

Dr. Donald KABERUKA, Président, Banque Africaine de Développement

 

Discours principal

Lauréat du Prix Nobel de la Paix, le Professeur Muhammad YUNUS

 

10h00-10h15

Pause-café

Restaurant

 

 

10h30-11h00

Discours du Lauréat du Prix Nobel de la Paix, le Professeur Muhammad Yunus

Session Spéciale pour les Etudiants de IHEC, Amphi 1

Professeur Muhammad YUNUS

10h15-11h45

Introduction au Social Business et quelques exemples internationaux

Plénière, Chapelle

Saskia BRUYSTEN, CEO, Yunus Social Business

 

11h45– 12h15

Exemples Tunisiens de Social Business

Plénière, Chapelle

Entrepreneurs de Social Business

12h15– 12h45

Laboratoire à questions

Plénière, Chapelle

Yunus Social Business

12h45– 13h45

Déjeuner

Restaurant

 

13h45 – 16h15

Laboratoire : brainstorming sur les défis sociaux en Tunisie

Travaux en groupes pour trouver des solutions de Social Business à certains de ces défis

Groupes de travail, Bibliothèque

Entrepreneurs

 

 

 

 

16h15-16h45

Restitution des travaux

Groupes de travail, Bibliothèque

Entrepreneurs

 

 

16h45-17h00

Séance de clôture

Plénière, Chapelle

Dr Agnès SOUCAT, Directrice, Développement Humain, Banque Africaine de Développement

 

17h00

Séance d’information pour l’incubateur de Social Business en Tunisie

Groupes de travail, Salle des Séminaires

Sylvain de FERRIERE,

Directeur, Yunus Social Business

17h00

Réception (Sponsorisée par Orange)

Chapelle

 

 

 

Haiti: Open for Social Business!

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Prime Minister Laurent Lamothe and Professor Muhammad Yunus Declare Haiti “Open for Social Business”

Existing social businesses having an impact on alleviating poverty in Haiti; Social Business model boosted by an additional investment from SAP AG

October 16, 2012PORT-AU-PRINCE – Yunus Social Business (YSB) Haiti concluded its 2012 Social Business Conference this weekend, on the topic of “Eradicating Poverty in Haiti through Social Business.”

More than 250 social business, academic, corporate, developmental and government experts attended the conference, including Nobel Peace Prize Laureate Professor Muhammad Yunus and Haitian Prime Minister Laurent Lamothe, who declared Haiti “open for social business” and linked the model to Haiti’s economic independence.

“The Haitian government’s battle is one of fighting extreme poverty, illiteracy, social exclusion and unemployment,” said Haitian Prime Minister Laurent Lamothe. “Haiti is proud to partner with Professor Yunus and his social business model to address the challenges of growing the Haitian economy but to the benefit of the most vulnerable of society. We value Professor Yunus’ ‘social business approach’ as it perfectly fits the Haitian government’s own philosophy which is one of encouraging the emergence of small social businesses throughout the country as an engine for social and economic change.”

A social business is a non-dividend company, created to solve a social problem such as poverty, which recycles profits back into the company for growth, innovation or to seed new social business ventures. Started in Bangladesh, the social business model is supported by investments from multinational corporations, foundations and individuals. Yunus Social Business Fund through its investors provides loans, equity and incubator services to social businesses.

Conference attendees discussed the need to make social business a core component of the Haitian economy. To date, YSB has supported six social businesses, including two poultry farms and a poultry processing plant; a jatropha plant plantation which will produce biofuel; a bakery; and a business skills training center for young Haitians. Initial investments in each of these social businesses range from $80,000 to $500,000 (USD).

“Haiti has been known for its failures in the past, and it’s time for Haiti to be known for its successes,” said Professor Yunus. “With a population of 10 million, the impact of social business in Haiti can be enormous. The success of social business in Haiti can become a model for the rest of the world.”

YSB Fund has raised $3 million from investors, including a new investment of $650,000 from founding partner SAP AG. Other investors include Artists for Haiti founded by actor Ben Stiller and the USAID-funded Leveraging Effective Application of Direct Investments (LEAD) program of the Pan American Development Foundation.

Representatives from Brazilian food corporation BR Foods and Costa Rican beverage company Florida Ice & Farm were also present at the conference to discuss possibilities of implementing social businesses in Haiti. The two companies are already implementing social business in their own countries.

Following the conference, Professor Yunus and YSB Haiti launched a nationwide social business ideas competition at an event attended by more than 500 students from 17 Haitian universities, held at L’Université d’ Etat d’ Haiti / Faculté des Sciences in Port-au-Prince. The goal of the competition is to engage Haiti’s youth in crafting innovative, business-oriented solutions to rebuild the country’s economy.

About Yunus Social Business Haiti S.A. and La Fondation Yunus Social Business Fund Haiti

The Yunus Social Business Haiti Initiative consists of two parts: an incubator that promotes the idea of social business, identifies and coaches social business entrepreneurs as well as a fund that conducts due diligence and invests loans and equity into social businesses.

About Yunus Social Business GmbH (Global Initiatives)

Yunus Social Business GmbH (YSB) helps create social businesses around the world. YSB was founded by Nobel Peace Prize Laureate Professor Muhammad Yunus, Saskia Bruysten, Sophie Eisenmann and Hans Reitz. It runs as a social business itself by setting up incubator funds and providing advisory services to companies, governments, foundations and NGOs.

Contact:

Claudine Francois, Country Director, Yunus Social Business Haiti S.A.

Email: Claudine.francois@yunussb.com

Phone: +509 363 56 422

Sophie Eisenmann, co-founder and COO, Yunus Social Business GmbH

Email: sophie.eisenmann@yunussb.com

Phone: +49 17 26 79 17 38

Evan Welsh, corporate media relations, SAP AG

Email: evan.welsh@sap.com

Phone: +1 610 661 8393

First National Conference on Social Business held in Albania

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Yunus Social Business Albania, in collaboration with Nxitja e Biznesit Social sh.a organized the first National Conference on social business: “Social Business Movement of Albania”, on May 30th. The conference gathered together about 170 people, across different groups of development actors, including entrepreneurs, public institutions, businesses, Ngo’s, professors and young people.

The conference was an enthusiastic starting point to introduce the concept of social business and be inspired by international and Albanian social business cases presented during the conference.

The event was opened by Prime Minister Sali Berisha. P.M Sali Berisha said that “Government will do everything to support social business and Yunus Social Business Albania, to inspire social businesses and extend the microcredit system wherever there is a big need by the citizens”.

Saskia Bruysten, Ceo of Yunus Social Business, spoke about the concept of social business and how it works, which was followed by Alexis Rawlinson, Director of the Programme for Albania, introducing successful international cases. Shkelzen Marku, Country Director of Albania and Ardita Bonatti, Executive Director of Nxitja e Biznesit Social sh.a, presented together for all participants the programme for Albania, its implementation and ways to get involved in the social business movement.

Seven aspiring and potential social business initiatives, which are being supported by Yunus Social Business Albania, presented their social business cases, respectively on Handicrafts (Rozafa Foundation), Bagels-creating jobs for victims of trafficking (D&E NGO), YAPS (UNICEF’s Initiative to create jobs for young people),  Waste Management (Rromani Baxt), Milk collection and processing (Mrizi i Zanave), Vocational Training and Employment Agency (Useful to Albanian Women), ending with an inspiring young creative social entrepreneur with lot of social business ideas, Ened Mato.

The second part of the day continued with an interactive session on social business, followed by seven different breakout sessions, where the participants were working together on social business plans and developing great ideas on real Albanian social business cases. Finally, the groups came together again and presented the results of each mini-lab.

Background information about the Social Business Movement of Albania:

The Social Business Movement of Albania is a programme started by Yunus Social Business in April 2012 to initiate and scale up social businesses throughout Albania.

Started at the request of Albania’s Prime Minister, and working hand in hand with the agency created by the Albanian government for the promotion of social business in Albania, Nxitja e Biznesit Social Sh.A., the programme includes the following activities, of which the first two, incubation and investment, are the most important:

  1. A social business incubator: consulting, coaching & network-building for social business projects – see box 1
  2. A social business fund: investment for the best social business projects – see box 2
  3. A social business ideas contest: business plan competition & roadshow across Albania
  4. Partnerships with local authorities: create “social business municipalities
  5. University activities: lecturing, student activities and social business chairs
  6. Public awareness-raising: media reports, social business “ambassadors” & public events
  7. International exchange and investment: bring the extensive Grameen/Yunus social business network to Albania

The Social Business Movement of Albania is still in its start-up phase. Social business projects are still being identified and more investors into the Fund are welcome. To get in touch, please send an email to albania@yunussb.com.

About Yunus Social Business:

  • Yunus Social Business (YSB) helps create social businesses around the world. YSB runs as social business itself by setting up incubator funds and providing advisory services to companies, governments, foundations and NGOs.
  • YSB has been co-founded ad is chaired by Peace Nobel Laureate Prof. Muhammad Yunus, and works hand-in-hand with its sister organizations, ssuch as the Yunus Centre in Dhaka and the Grameen Creative Lab in Wiesbaden, to promote social business. YSB’s special focus is on incubator funds and advisory services.
  • YSB has a team of enthusiastic consulting, venture capital and development specialists and is located in Frankfurt, Germany with subsidiaries in Port-au-Prince, Haiti, and Tirana, Albania.
  • For more information about YSB please contact:
  • Yunus Social Business

    +49 69 90 55 90 30

    info@yunussb.com

    http://www.yunussb.com

    Yunus Social Business Albania

    +355 69 40 96592

    albania@yunussb.com

    www.facebook.com/ysba

Exciting Volunteer Opportunity to launch HSBM in Africa

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YSB is currently expanding into Tunisia, Togo and Uganda, where it plans to initiate a Holistic Social Business Movement Program. The aim of this program is to

 

  • Promote social business initiatives in these countries through building of capacities for relevant stakeholders, including local development agencies, government agencies, representative Civil Society Organizations, locally based microfinance institutions or NGOs, and potential youth social business entrepreneurs, to be familiarized with social business vision, mode and requirements.

 

  • Set up incubator funds in Togo and Tunisia in order to invest in Social Businesses which generate direct impact on youth entrepreneurship and youth employment in poor areas, focusing on gender, environment, green energy, and rural agriculture and non-agriculture businesses.

 

To see the job posting, please click here.