Our website: www.yunussb.com
Our Facebook: www.facebook.com/YunusSocialBusiness
Our Twitter: @Yunus_SB
Co-founded by Peace Nobel Laureate Professor Yunus, YSB initiates and manages social business development programmes, including incubator funds for social businesses, in several countries. While the incubators search, select, coach and develop social business projects, the funds provide loans and equity after a thorough due diligence process. YSB also provides advisory services to corporates, NGOs, foundations and governments. Its team of enthusiastic consulting, venture capital and development experts is based in Germany, with subsidiaries in Haiti, Albania and Brazil, and is currently expanding into Togo and Tunisia.
A Social Business is a company created for social benefit rather than private profit. Like an NGO, it has a social or environmental mission, but like a business, it generates its own revenues to cover its costs. Investors may recoup their initial investment, but all further profits are reinvested for growth and innovation, or to seed new social business ventures. In this way, Social Business introduces an additional business model to capitalism where serving society is the sole objective of the company. Since social businesses have to compete in the free market to provide their goods or services, they are efficient and effective at meeting customer needs. Over the last 30 years, Professor Yunus has pioneered more than 40 social businesses in Bangladesh alone — some of them are among the largest companies in the country. Today, the concept is broadly acknowledged by the UN, EU, multinational corporations and academic institutions.
