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Monday, May 20, 2013

Works in Progress

 Wonder Woman


Kali

Social Entrepreneurship Among Borrowers

Within the microfinance industry, the term “Social Entrepreneurship” is talked about quite frequently. It is often discussed within the context of large corporations that have developed branches dedicated to social or environmental issues. However, if we view microfinance and entrepreneurship within the larger context of rebuilding the European economy, encouraging small businesses owners to address social issues could be extremely beneficial to borrowers, microfinance institutions and society.

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Conscious Capitalism

Nobel peace prize recipient and founder of Grameen Bank, Muhammad Yunus was reportedly the first to use the term “conscious capitalism.” Since then, conscious capitalism has expanded far beyond the microfinance sector. However, it is significant that this term has its roots in microfinance. Microfinance is a very powerful tool because not only is it a socially conscious business model itself, it also facilitates the creation of new small and medium sized businesses.

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