Muhammad Yunus is blazing another trail in his constant search for new and often unconventional ideas for confronting poverty, head-on. Just as Grameen Bank revolutionized banking with its bottom-up approach, I believe his latest initiative—social business—has the power to transform the way societal problems such as poverty, ill-health and even environmental degradation are addressed.
Grameen Foundation Insights
The global movement to end poverty and hunger depends on the constant exchange of experience and ideas. That’s why we are eager to share our experiences with people like you.
Our Insights blog shares lessons learned from leaders in the field; examines efforts to bring resources and services to poor communities; and reviews how poverty-focused organizations are using data for greater impact.
When he asked for a meeting with Nobel Laureate Muhammad Yunus, Franck Riboud, CEO of Group Danone, a global corporate giant (whose American brand name is Dannon), didn't realize that his concept of doing business was about to change forever. A few hours and a hand shake transformed the hard driving, profit-motivated executive, into an unwavering advocate of 'social businesses'.