The social business panels included topics ranging from eyeglasses to fashion to footwear.
Grameen Foundation Insights
The global movement to end poverty and hunger depends on the constant exchange of experience and ideas. That’s why we are eager to share our experiences with people like you.
Our Insights blog shares lessons learned from leaders in the field; examines efforts to bring resources and services to poor communities; and reviews how poverty-focused organizations are using data for greater impact.
The Social Business and Microeconomic Opportunities for Youth Conference inspired and motivated me. I learned from Muhammad Yunus and John Hatch as they described how microfinance has helped over 133 million households. Listening to stories about the over billion people who still live on $1 per day challenged me to join the fight against global poverty.
For me, the truly life-changing contributor to the conference came in the person of Emmanuel Faber, co-Chief Operating Officer of Groupe Danone, a French-based multi-national corporation that produces many food and beverage products, such as Evian water, Dannon Yoghurt, and Lu cookies, to name a few of their many brands.
Muhammad Yunnus’ book Banker to the Poor opened my mind to a new type of philanthropy – venture philanthropy – where donations to a Microfinance Institution are loaned out, repaid at an extremely high rate, and then reinvested. The thought that my small donation not only made a significant impact to the loan recipient but also was recycled appealed greatly to my entrepreneurial bent.