Social Business Job Creation

Yunus Social Business believes that most people are entrepreneurs,

It provides business training for those individuals who have an idea for job creation.

This is a step beyond the micro business loans which won Dr. Mohammed Yunus a Nobel Peace Prize for economics.

First, hundreds of thousands, then millions, of people have been able to move themselves out of poverty through the small loans from Grameen Bank.

A second step is job creation through ideas which serve the needs of poor people in order for them to lift themselves out of poverty.

Youth and Yunus have Social Business Camps for training in successfully launching social businesses.

As this new idea of business gains more application, its credibility has led to it being taught in colleges and universities.

Business as a way to uplift people through imagination and service is a transformative paradigm.

Micro loans for $30 - $150 began in Bangladesh, and are earned all over the world with a 99% repayment record.

The US has several branches of Grameen Bank, which provide business loans from $1000 - $1500.

Yunus Social Business is active from Australia to Scotland, with many more countries participating.

Being able to create a business which starts very small allows more people to be job creators.

A borrower must meet weekly with four other women who also have small businesses.

This condition provides experience and support from the other members of the group.

By valuing the ideas and motivation of people who are poor, social business models are able to give dignity to their participants.

By listening to the needs which poor people articulate for themselves, and to support the job creations to address these needs, Grameen Bank and Yunus Social Businesses are enabling people to build their own foundations.

© 2019 Kathryn Hardage

www.sharedglobalvision.blogspot.com