realizing development through social businesses presentation
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Presentation at Rotary Zones 25/26 InstituteTRANSCRIPT
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Realizing Development through Social BusinessesPeter Bladin, EVP, Programs & RegionsGrameen FoundationOctober 2, 2010
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Abject Poverty Is Widespread
1.4 BILLIONpeople live on less than $1.25/day
1.1 BILLIONpeople have no access to clean water
8.8 MILLIONchildren die each year from preventable diseases before age 5
2Source: World Development Indictors 2010, World Bank (data from 2008)
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Grameen Foundation Mission
To enable the poor, especially the poorest,
to create a world without poverty
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Grounded in a Proud HeritageNobel Laureate Muhammad Yunus and Grameen Bank
Launched Grameen Bank in 1976• 7.9 million borrowers;
96% women• Members-owned bank• Over $8.2 billion loaned;
97.9% recovery rate
Gave $6,000 grant to launchGrameen Foundation in 1997
New focus on promoting and establishing social businesses
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Microfinance: A Proven Strategy
Reaching more than 150 million families
More than 95% repayment
90% of demand still not met
Widespread effects: creates access to
education and healthcare for clients’ families
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Impact of microfinanceMore than 90 impact studies support microfinance
Findings show:
• Microfinance accounted for 40 percent drop in moderate poverty in rural Bangladesh
• Very poor clients do benefit from microfinance
• Children of clients are better nourished and healthier
Source: Measuring the Impact of Microfinance: Taking Stock of What We Know,Nathanael Goldberg
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Impact of microfinance
Marie-Claire Ayurwanda7
• HIV-positive, single mother with four children
• Member of URWEGO, a Grameen Foundation partner in Rwanda
• First loan of $40 helped open a small restaurant; further loan used to purchase Village Phone business
• As a result of the Village Phone business, Marie-Claire generates roughly $600 per year, attracted more customers to her restaurant and provided education for all four children
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Technology: Opening New DoorsAlmost 5 billion cell phones globally
Two-thirds of cell phones in developing world
Providing new access to information services
Bridging the digital divide
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Social Development with Technology
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Mobile Applications
Health Agriculture
MarketplaceWeather
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What Can You Do?
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• Continue what you are doing… Visit projects and advice local social entrepreneurs
• Work with local educational institutions (like Ashesi) that are educating the next generation of (social) business leaders to improve people’s lives and livelihoods
• Invest in social businesses or donate to programs with an economic and social outlook – the double bottom line matters
• Embrace social business concepts to solve development problems (i.e. incorporate economic development aspects into on the ground health programs)
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www.grameenfoundation.org
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