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Speaker: Mathias Morgan
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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 FOUNDERS 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!