Grameen Foundation Insights

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At Grameen Foundation, our goal is to spur innovation in the global movement to eliminate extreme poverty. Part of that work is to develop better solutions and share them with people like you.

On GF Insights, we share lessons learned from our leaders in the field, news about efforts to expand access to financial and information services for the poor, and how poverty-focused organizations are using data to improve the way they work.

Latest Posts

05/12/2008 by

Jeff Delkin, co-founder, bambu

I was inspired to write this post for a couple of reasons.

We first became aware of Grameen Bank while living in Asia. More recently we’re personally involved on a volunteer committee to help raise awareness for the work Grameen Foundation is doing in China.

Secondly as founders of a small business, bambu, we are interested in the concept of ‘social business’ that Dr Yunus’ introduces in his new book, Creating a World Without Poverty.
Central to our sense of purpose and value set at bambu, we concern ourselves with responsible stewardship of resources, giving back to the people and the communities in which we work in China and Vietnam, and preservation of the natural environment.

We strive to create an organization that acts with integrity. We describe ourselves as a values-driven company as opposed to a profit-driven company.

Dr. Yunus’ book presents some paradigm-breaking ideas that are a positive force for change, and made me reflect on our own business, and the role of business in general.

The notion of ‘social business’ is introduced in the first few pages. Yunus makes some important distinctions in defining what a social business is.

Importantly, he distinguishes a social business as one that directly makes products that poor people are willing to pay for, and one which directs all the profits back into the enterprise.

05/06/2008 by

Heidi Matonis, Founder & President, Positivitee

About three years ago I came up with the idea of creating stylish tees that supported non-profits with 10% donated back to the charity. It grew out of my desire to: be a role model for my children, support causes dear to me, and to try to create a small, viable business to call my own.

In 2007 I made the commitment to “go green.” “Going green” to me meant using certified organic cotton, pigment dyes, waterbase inks, and fair labor practices. I went a step further by also becoming a member of the carbon fund to offset my carbon shipping footprint. None of this was easy.

04/21/2008 by

Professor Muhammad Yunus announced this week the launch of another social business, a joint venture between Grameen Bank and Veolia Water designed to bring drinking water to the poorest people of Bangladesh. Grameen-Veolia Water will supply clean water to more than 100,000 Bangladeshi and expand throughout Bangladesh. Bangladesh is already benefiting from social business ventures previously initiated by Professor Yunus that have been built around producing low-cost nutritious food for children and health care services, all while promoting the local economy and providing real employment opportunities. These ventures are proving that social business can be a revolutionary approach to affect social change.

04/14/2008 by

Gordon Starr, Starr ConsultingTransforming the world of global business enterprise

Danone and Grameen are, in fact, changing the game of business. They have created a profit-making enterprise where societal contribution is more important than maximizing profit (a “social business”), and opened the door for other new inventions that move us towards a world without poverty.

What could happen in the world of profit-making business if societal contribution became at least the equal of mazimizing profit in boardrooms throughout the world?

04/07/2008 by

Gordon StarrWhat if the enormous power and potential of global business enterprise could become a force for social and environmental transformation just as it has been for the expansion of global commerce?

Grameen Danone – the world’s first “social business” as conceived and presented by Dr. Yunus in his new book – is a brilliant invention. What Grameen and Danone have done with great courage and insight is open the door to a new future – and to a new whole landscape of possibility for creating a world without poverty. And perhaps much more.

Given this first landmark step, what else might now be possible?

For instance, what could happen in the world of profit-making business if “global viability” became the equal of “maximizing profit” in the boardroom?

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