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Tugende, is a social business based in Uganda that offers motorcycle-taxi drivers (boda boda drivers) the opportunity to rent their bike and ultimately own a motorcycle. As of 2022, Tugende has served 52,000 customers. [4] Yunus Social Business provided financing to Tugende in 2017. In 2021, Tugende went on to raise US$9.9 million in Series A ...
Social business was defined by Nobel Peace Prize laureate Professor Muhammad Yunus and is described in his books. [1] [2] In these books, Yunus defined a social business as a business: Created and designed to address a social problem; A non-loss, non-dividend company, i.e. It is financially self-sustainable and
The Yunus Centre, in Dhaka, Bangladesh is a think tank for issues related to social business, working in the field of poverty alleviation and sustainability. It is 'aimed primarily at promoting and disseminating Professor Yunus' philosophy, with a special focus on social business'. [ 1 ]
The Yunus Centre, located in Dhaka, Bangladesh, is a think tank focused on social business, poverty alleviation, and sustainability. Founded in 2008 and chaired by Dr Yunus, it promotes his philosophy of social business and serves as a resource center for related initiatives.
Yunus Social Business – Global Initiatives This page was last edited on 30 December 2024, at 03:35 (UTC). Text is available under the Creative Commons ...
In 1998, the Bank's "Low-cost Housing Program" won a World Habitat Award. In 2006, the bank and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize. [9] The bank's success has inspired similar projects in more than 64 countries around the world, including a World Bank initiative to finance Grameen-type lending systems. [10]
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Organizations that fully adopt the social business model will exhibit four key characteristics: [6] Connected – employees will be able to seamlessly engage one-on-one in real-time with other employees and individuals outside the organization (customers, prospects, partners, media, etc.) using a variety of communications methods including text chat, voice, file sharing, email, and video chat.