Living Up To Our Mission: Our 2020 Annual Report
Living Up To Our Mission: Our 2020 Annual Report
The extent of the damage caused by the COVID-19 pandemic is, frankly, bewildering. For us at Yunus Social Business, both as individuals and as an organisation, 2020 was a year that posed huge challenges.
In the midst of these setbacks, one thing has brought us particular encouragement: through our partnerships with our funders, through our collaboration with our portfolio social businesses and through teamwork with our remarkable colleagues and team members, we have been able to carry out work which has shown us that we are an organisation that lives up to its mission and remains true to its purpose.
Discover more in our 2020 Annual Report.
LESSONS FROM COVID-19
For us, COVID-19 has made clearer than ever the importance of social businesses within our societies and economies throughout the world. How many times have we heard about “building back better” or increased focus on “stakeholder capitalism”? Social businesses represent the better, more inclusive capitalism that we all want to see, and businesses great and small throughout the world have a huge amount to learn from them.
Going forward, we at Yunus Social Business will continue to do everything in our power to finance and support these game-changing social businesses and bring more attention to them, as they deserve. At the same time, we will continue to work with corporations and support them in learning best practices from the fantastic social-business entrepreneurs in our portfolio and beyond.
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Thinking Ahead: Securitization Structure Helps to Democratise Technical and Medical Education in Bra
Our Brazilian team launched a partnership that doesn’t only look at short-term needs but prepares Brazil for an uncertain future. The partnership between Yunus Social Business, Provi, Augme Capital and VERT will help to promote skilled labour - including medicine courses - and finance students from all backgrounds to become the skilled workforce of tomorrow.
“I Was Truly Blown Away When I Heard the News” - Yunus Social Business Has Distributed 650k USD to H
Since the COVID-19 crisis began in January this year, we at Yunus Social Business have been acutely aware of the potential threat it poses to the populations we support. While governments in wealthy European countries have been subsidising employee salaries, this has not been the case for the emerging countries in which our portfolio Social Businesses operate.
