Yunus Social Business has secured $100,000 in new investment capital from investors. This funding round marks a significant step for the organization, which was founded by Peace Nobel Laureate Prof. Yunus and Saskia Bruysten with the core belief in the power of business to end poverty. The capital will support its ongoing mission to expand the success of social business from Bangladesh around the world.
The organization operates Philanthropic Venture Funds that invest in local social businesses. These businesses are focused on providing essential services such as employment, education, healthcare, clean water, and clean energy to over 13 million people across East Africa, Latin America, and India. Yunus Social Business distinguishes itself by turning donations into investments, which are then reinvested repeatedly to multiply their impact. Their approach involves offering long-term, patient loans and hands-on growth support delivered by local professionals, enabling these social businesses to flourish. Additionally, Yunus Social Business guides multinational corporations, including Danone, Veolia, McCain, MAN, and Tata, through its Corporate Initiatives to apply their core competencies to address major human challenges.
This $100,000 investment underscores investor confidence in Yunus Social Business's unique model. The newly raised capital will be strategically deployed to further expand its Philanthropic Venture Funds. This expansion will enable the organization to provide more crucial financial and operational support to a greater number of social businesses, thereby deepening its reach and impact in the communities it serves. The organization operates on the principle that "A charity dollar has one life, a Social Business dollar can be invested over and over again," emphasizing its sustainable, reinvestment-based strategy.
Looking ahead, Yunus Social Business plans to leverage this investment to continue its growth trajectory. The organization aims to strengthen its existing programs and explore opportunities to support more social enterprises globally. This strategic funding positions Yunus Social Business to further advance its mission of combating poverty and fostering sustainable development through innovative business solutions.
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