Challenges for social entrepreneurs The field of social entrepreneurship is growing rapidly and attracting increased attention from many sectors. The term itself shows up frequently in the media‚ is referenced by public officials‚ has become common on university campuses. One of the most important reasons behind the popularity of social entrepreneurship is the inherently appealing stories about entrepreneurs and how they confront challenges. Finding the funding‚ building strong infrastructure
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effective microfinance‚ listen to this quote by Stan Paris on his article on Microfinance As A Means of Reaching The People “Problems of communication are endemic in the industry‚ dating back to what could be considered the first micro-loan. In 1976‚ Muhammad Yunus‚ a young economics professor at Chittagong University‚ Bangladesh‚ took his students into a small village where he discovered a woman crafting beautiful
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his visit to Paris‚ France‚ in 2005‚ Professor Muhammad Yunus‚ the founder of Grameen Bank was invited by Franck Riboud‚ the chief executive officer of Groupe Danone (known as Dannon in the USA). On 12 October 2005‚ they met in La Fontaine Gaillon‚ a Parisian restaurant. There Yunus proposed to form a joint venture between Grameen and Danone with the objective of supplying nutritious food to poor children of Bangladesh. As proposed by Muhammad Yunus‚ Franck Riboud agreed to participate in the project
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Social Business: Ridding The World Of Its Evils One Misfortune At A Time. Muhammad Yunus. Building Social Business: The New Kind of Capitalism that Serves Humanity’s most Pressing Needs. Social Business: Ridding The World Of Its Evils One Misfortune At A Time. Muhammad Yunus’ “Building Social Business: The New Kind of Capitalism That Serves Humanity’s Most Pressing Needs” is a book that discusses Yunus’ idea of a “social business”‚ his numerous collaborations with companies in order to rid
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cost effective weapon to fight poverty and it serves as a catalyst in the overall development of socio-economic conditions of the poor who have been kept outside the banking orbit on the ground that they are poor and hence not bankable. Professor Muhammad Yunus‚ the founder of "Grameen Bank" and its Ex- Managing Director‚ reasoned that if financial resources can be made available to the poor people on terms and conditions that are appropriate and reasonable‚ "these millions of small people with their
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Muhammad Yunus From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search Muhammad Yunus | Microcredit | Muhammad Yunus at World Economic Forum in Davos‚ Switzerland‚ 25 January 2012 | Born | 28 June 1940 (age 72) Chittagong‚ Bangladesh (then part of the British Raj) | Nationality | Bangladeshi | Institution | Chittagong University Shahjalal University of Science and Technology Middle Tennessee State University Glasgow Caledonian University | Field | Microcredit theory
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that in order to reduce‚ and ultimately eliminate‚ poverty we must go back to the drawing board Yunus asked her how much money she required to be free of the moneylenders. Four dollars was the amount. Yunus found 41 other villagers in Jobra and lent them a total of $27. Khatun’s income immediately jumped from $0.02 per day to $2.00 per day Yunus simply told those borrowers to pay him back when they could‚ and was a little surprised to find
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by Muhammad Yunus is the story of the Grameen Bank Program‚ which is founded in Bangladesh by Yunus to help the poor. Born in 1940 in the city of Chittagong‚ Professor Yunus studied at Dhaka University in Bangladesh‚ and then received a Fulbright scholarship to study economics at Vanderbilt University. He received his Ph.D. in economics from Vanderbilt in 1969 and the following year became an assistant professor of economics at Middle Tennessee State University. Returning to Bangladesh‚ Yunus became
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.............................................................. 11 1 HAMIDREZA MAGHAZEH 110033960 CONCERTIVE CONTROL SYSTEM 2013 How would you describe the system of control in the Grameen Bank? Muhammad Yunus‚ an economics professor‚ thinks that the poor have skills that remain unor under-utilized‚ mainly because current institutions and policies fail to offer the support these people require. He founded the Grameen Bank in 1976 to supply credit to
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Turkish Grameen Microcredit Program The Turkish Grameen Microcredit Program‚ applying the Grameen microcredit model developed jointly by the Turkish Foundation for Waste Reduction of Turkey and 2006 Nobel Peace Prize Laureate Professor Dr. Muhammad Yunus and working in direct collaboration with him‚ was launched in Diyarbakir on July 18‚ 2003 with the first microcredit checks given out by Prime Minister Mr. Recep Tayyip Erdogan. To date‚ the Program runs successful operations in Diyarbakir(with
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