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.
Waste Ventures India has established a formalized market for waste streams which averts waste from landfill and creates higher incomes for the waste pickers, with standardized prices with upfront payments.
Yunus Social Business and The Rockefeller Foundation commit to create the first demonstrable pilot of the SSN, with the aim of ultimately catalyzing the creation of a SSN ecosystem.
On 24 March this year, day-to-day business for a vast number of Indian organisations stopped abruptly. With a complete nationwide lockdown, any operations requiring physical attendance had to shut down overnight. Here’s how we helped one of the Indian social businesses in our portfolio to overcome the combined economic and health crises of COVID-19.
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India has an enormous population of 1.4 billion, within it there are a staggering amount of people who live rurally with no access to a reliable or regular electricity supply. Roughly a third of the planet’s electricity deficit is in India with only 82% of its inhabitants having access to electricity – meaning a total of 239 million people are left in darkness (as of 2016).
The first of its kind, Yunus Negocios Sociais Brasil has just launched its first accelerator program targeted at large corporations.