Basically it's the concept of deal with social problems in a way similar to the way one would deal with his business. An outstanding social entrepreneur is Muhammad Yanus, 2006 Nobel Peace Prize winner. He founded the Grameen Bank in Bangladesh to help solve a commun problem: Poverty.
The bank which he founded is recognized for granting small loans to many people. A small loan which might be the equivalent of only 200$ can allow that person to develop a business of her own. It takes capital to generate capital! This is espicially true in poor regions of the world. The proof the program works is that 98% of the loans are fully reimbursed.
This system has allowed millions of families to reach a level of living superior to that of the generations before them!
Phil,
Phil,
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