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.
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.
40 leading organizations form alliance to amplify support for Social Entrepreneurs during COVID-19 pandemic USD$75 million already mobilized by Alliance members to mitigate impacts of pandemic Alliance will feature a searchable database of available emergency relief funds Members to catalyse global conversation about building a more equitable, sustainable future
As consumers, we are constantly demanding more. We want faster delivery, logistics and services to our door. To satisfy this demand, there is a huge focus in the investing space on “last mile” - finding the cheapest and most efficient way to serve the furthest to reach places. The last mile is the most expensive and time-consuming part of the delivery process
Tugende is a Social Business that helps mototaxi drivers double their incomes by owning their motorcycles. They have helped over 18,000 motorcycle taxi drivers with higher incomes, including the drivers’ families, that’s over 85,000 people.