Type I social business: The business objective is to overcome poverty, or one or more problems (such as education, health, technology access, and env… - Muhammad Yunus

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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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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.

Biography information from Wikiquote

Also Known As

Native Name: মুহাম্মদ ইউনুস
Alternative Names: Professor Muhammad Yunus Muhammad Iunus

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Additional quotes by Muhammad Yunus

In the United States I saw how the market liberates the individual and allows people to be free to make personal choices.

In other words, economic development should be judged and measured by the per capita real income of the bottom 50 per cent of the population.

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The poor,” I said, “are very creative. They know how to earn a living and how to change their lives.

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