1st Speaker: Mathias Morgan

2nd Speaker: Nigel Lo

SOCIAL ENTREPRENEURSHIP

International Magis Society & The Western Australian Socio Economic Foundation

Presents

MUHAMMAD YUNUS & THE GRAMEEN BANK

THE GRAMEEN BANK

• Founded 1983 by Muhammad Yunus

• Headquartered in Bangladesh

• Revenue: US$757 million (approx.)

• Employees: 22,149

• Nobel Peace Prize Winner (2006)

SIMPLE QUESTION: WHAT IS A LOAN?

THE CONCEPT OF MICRO CREDIT

• The Grameen Bank adopted micro lending strategy

• Providing loans to those with little credit standing

• Based solely on the trust and reliance that the loans would be paid back

• Giving the poor loans is a far better strategy to eradicate poverty

• Endless potential to unleash human creativity

• No collateral

• Focuses on assisting the poor, illiterate, unemployed and women

CONTINUED….

• Encourages all borrowers to save capital received from loan so they may acquire other

loans for the purpose of assisting the community.

• 95% of loans are given to women

• Why do you think that is?

WHAT IS SOCIAL ENTREPRENEURSHIP?

THE DIFFERENCE

Business Social Enterprise Charity

YOUTH CULTURE, NGOS & SOCIAL CHANGE

• The development of non government organizations

• The role of NGOs

• The United Nations

PART II : BEING A SOCIAL ENTREPRENEUR

CHARITY WATER

• Founded by Scott Harrison (2006) - Manhattan

• Income: US$27.5 million

• Funded over 6000 projects in 20 countries

• Has benefited over 2.5 million people

FINNEGANS BEER

• Founded by Jacquie Berglund (2000) – Minnesota

• Happy Hours that are full of good!

• 100% of proceeds goes to charity

• Can be argued to be a non profit organization

SOFTEN THE FCK UP

• Founded by Ehon Chan – Melbourne (VIC)

• An initiative to reduce suicide in Australian men

• Sells merchandise and facilitates mental health courses and programs

• Believes not in redefining masculinity but “undefining” it.

WHAT ABOUT YOU?

<INSERT BUSINESS NAME>

<INSERT FOUNDER’S NAME>

STEP 1: IDENTIFY A SOCIAL PROBLEM

STEP 2: THINK OF IT LIKE A BUSINESS

• Everything begins with a single idea!

• You need a business plan

• You need a business model

• You need $$$ before you can do good in the world!

• Be truthful to yourself and to others!

• Use all available platforms (e.g. social media)

STEP 3: BUILD YOUR BRAND

• Doritos makes chips

• Nike makes sport wear

• Both spends millions in advertisements…

• Build an emotional connection

• Understand your legal rights and obligations

• Inspire others!

GOOD LUCK!