What Does it Cost to Change the World? from WikiLeaks on Vimeo.

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What Does it Cost to Change the World? from WikiLeaks on Vimeo.

Via Postal Mail - You can post a donation via good old fashion postal mail to: WikiLeaks (or any suitable name likely to avoid interception in your country), BOX 4080, Australia Post Office - University of Melbourne Branch, Victoria 3052, Australia

Monday, April 21, 2008

 

How to Solve Poverty

Social Business Enterprises are the key to ending poverty and solving all forms of social problems. In a recent article in the Wall Street Journal, Dr. Yunus, the founder of Garmeen Bank, described how his newest partner Garmeen America has begun to reach out to America's poor and create entrepreneurs.

Social Business Enterprises are based on the benefit maximisation principle. They are operated as a business enterprise with the objective to pass on all the benefits to the customer. SBEs are non-loss-non-dividend companies that compete with profit maximising enterprises and other social business enterprises.
1. it needs to have social objectives: e.g. health, education, poverty, environment or climate urgency
2. it needs to be owned by the poor or disadvantaged, e.g. women, young people, or long-term unemployed
3. After having had their investments paid back, investors may not take profits out of the enterprise.

The idea of social entrepreneurism is not new, it has been around for centuries, you probably use several social businesses each day and just don't realize it. (examples: MFCU, YMCA, KPBS)

Creating a world without poverty - Muhammad Yunus


Mr. Yunus also emphasizes access to credit as a basic human right, placing it as No. 1 when compared to other human rights such as the right to food, shelter, work, and health. He argues that through microcredit self-employment is possible. Self-employment can generate income, which in turn can provide food, shelter, and health care.



"The whole thing is about making those opportunities available, so that they can change their lives." -Muhammad Yunus

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