Who we are

Global Hub for Social Business

• About
• 14th December 2019
• YC

Since October 2006, when Professor Yunus and Grameen Bank jointly received the Nobel Peace Prize, local and international interest in Professor Yunus' work has continuously increased. In order to address this ever-growing attention, an organization aimed primarily at promoting and disseminating Professor Yunus' philosophy, with a special focus on social business, was created in the form of the Yunus Secretariat. In July 2008, the Yunus Secretariat was renamed the Yunus Centre. The Yunus Centre has since been the one-stop resource centre for all Grameen social business related activities both globally and in Bangladesh. It keeps the spirit of the global social business move ment very high through various events, social media, publications, and websites. The Yunus Centre also helps forge lasting, productive relationships among all social business institutions around the world.

What is Grameen social business?

Professor Yunus has long been promoting the creation of Grameen social businesses, which he believes will address the problems still left unsolved in the world and not addressed within the present capitalist system. In simple terms, a Grameen social business a non-loss, non-dividend company dedicated entirely to achieve a social goal. In social business, the investor gets his/her investment money back over time, but never receives dividend beyond that amount. The Grameen Bank is a prime example of social business, with poor people being its shareholders! The ultimate goal of the Yunus Centre is to create poverty museums, after bringing an end to poverty in each area --- in villages, cities, counties, provinces, and countries. The Centre strives to engage individuals and organizations in creating, promoting, and maintaining social business by spreading the concept through workshops, internships, projects etc.