Thus, the social business might be described as a “non-loss, non-dividend company,” dedicated entirely to achieving a social goal. - Muhammad Yunus

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Thus, the social business might be described as a “non-loss, non-dividend company,” dedicated entirely to achieving a social goal.

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About Muhammad Yunus

Muhammad Yunus (Bengali: মুহাম্মদ ইউনুস Muhammod Iunus) (born June 28, 1940) is a Bangladeshi banker and economist. He is the developer and founder of the concept of microcredit. In 2006, Yunus was awarded the Nobel Peace Prize.

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Native Name: মুহাম্মদ ইউনুস
Alternative Names: Professor Muhammad Yunus Muhammad Iunus
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Type I social business: The business objective is to overcome poverty, or one or more problems (such as education, health, technology access, and environment) that threaten people and society — not to maximize profit. The company will attain financial and economic sustainability. Investors get back only their investment amount. No dividend is given beyond the return of the original investment. When the investment amount is paid back, profit stays with the company for expansion and improvement. The company will be environmentally conscious. The workforce gets market wage with better-than-standard working conditions. Do it with joy!!!

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