“Social business is a cause-driven business”

Professor Muhammad Yunus, Nobel Peace Prize Laureate will speak at C2MTL 2014.

The Norwegian Nobel Committee awarded the Nobel Peace Prize to Prof. Muhammad Yunus in 2006 for an idea that at first glance sounds deceptively simple. To create the Grameen Bank, the world’s first bank for the poor, he says he just looked at how conventional banks work and did the opposite. Instead of basing loans on one’s collateral, the Grameen Bank prioritizes those with nothing. Professor Yunus’s revolutionary micro-credit idea has now helped millions of Grameen Bank clients lift themselves out of extreme poverty. Grameen’s default rate? Less than 1 percent, a rate conventional banks dream about.  Not one to rest on his laurels, Yunus has been busy working on a new business model: non-loss, non-dividend companies dedicated to addressing a social problem. Welcome to Social Business.

Don’t miss the opportunity to hear Professor Yunus talk about how you can run both a conventional and social business while simultaneously being an ambassador towards ending world poverty. Professor Muhammad Yunus will speak at C2MTL 2014.

Photo: Professor Yunus speaking at Georgetown

>>>

Q: Did you know that the Nobel Prize originated from an erroneous obituary published in 1888? Learn more intriguing facts about this prestigious award highlighted in Maria Popova’s brainpickings article, “How the Nobel Prize Was Born: A Surprising Story of Bad Journalism, Existential Guilt, and Dynamite”.

 

Blog home page photo: Portrait detail of Alfred Nobel by Gösta Florman / The Royal Library via brainpickings.

___

Afin de respecter la vision des auteurs, les textes de ce blogue sont publiés dans leur langue d’origine.
So as to remain true to the author’s intent, the articles featured on this blog are published in the language in which they were originally written.