Turkey has launched “Muhammad Yunus International Centre for Microfinance and Social Business” at Okan University in Istanbul to provide a platform for addressing development challenges faced by Asia. The centre, the first of its kind in the country, is expected to be a hub of research and practical applications as well as hands-on training for ... Read more
social business
Let poor prove their ability
Prof Yunus tells Vienna Social Business Summit Nobel laureate Prof Muhammad Yunus yesterday said the poor people of Bangladesh were like Bonsai, who have been stunted by oppression. But they have the ability to grow if they are given the opportunity. He was addressing the concluding session of the third Global Social Business Summit, hosted ... Read more
Yunus spurs Malaysians on social business
Nobel laureate Professor Muhammad Yunus has called upon the new generation of Malaysia to put their talents and energies to solving the problems of society using their innovation, creativity, resources and technology. The microcredit pioneer made the call during the launch of the Nobel Laureate in Residence programme at the Universiti Kebangsaan Malaysia in Bangi, Selangor, ... Read more
Social business for solving others’ problems: Yunus
Nobel Laureate Muhmmad Yunus said on Tuesday that social business was aimed at solving others’ problems by investing funds and getting back the capital without any profits. The people involved in the traditional business are for only making profits but the social business is driven by social consciousness for solving others’ problems, said Yunus at ... Read more
EU supports social business
European Commission president meets Yunus Strengthening social business and promoting innovative methods of accessible finance are not only a matter of justice but also a concrete way to help the poorest of the poor, European Commission President José Manuel Barroso has said. He said social business is also “a smart investment in our shared future. ... Read more
Another world order at play
A social business is a non-loss and non-dividend company where investors can recoup their dividend but nothing beyond that. All profits will be used to improve the products and services, and/or to increase the company’s reach. Social business campaigners and experts from 15 countries joined Prof Muhammad Yunus in
Social business will change society: Yunus
The second annual Social Business Day was observed on Tuesday in the capital to celebrate Nobel laureate Prof Muhammad Yunus’s concept of social business and its implementation. Prof Yunus opened the daylong events held at Hotel Sonargaon marking the day. Inaugurating the events, he elaborated the role of social business in the country towards
Yunus signs clothing deal with French company
Yunus Centre and ID Group, a French company, yesterday signed a deal to produce functional clothing for children of 0-5 years under social business in Bangladesh. The business will also provide technical training to the rural poor and generate employment. It plans to start production by the