Social Entrepreneurship

Sign up for our newsletter
Author

Yosef Landau

Date

02.08.2017

Tags

community

This post is a contribution from our very first school intern, Yosef who spent 3 days with us at the CRCLR House to learn about social entrepreneurship.

The first difference between a social business and a normal company is that a social entrepreneurship is focusing on the social aspect of their work and not just on the profit.

The other one is that the investors are getting back their money, but without an interest. They are also trying to fix bad, but simple problems in the world just like unequal access to drinking water long term.

The word social entrepreneurship explains new founded organisations and social businesses without a corporate interest behind them. I think it’s really cool that some people try to help others with their ideas, and don’t just profit for themselves.

Social entrepreneurs are really important for people in distress or without a perspective to get out of a vicious circle. Here’s an example: When people don’t get money, they can’t buy food. Without something to eat they’re getting weak, so they can’t work, but if they can’t work they won’t get money and this is a continuous circle which is really bad. The organisation of the Nobel Peace Price winner Prof. Muhammad Yunus founded the Grameen Bank with the concept of microcredit and micro finances. If someone who is in this spiral as described above would get one of these micro credits, the entire  vicious circle would turn into an upward spiral. With the credit one could start their own business and get their own money. This person could buy themselves some food and feed their children and family. The circle would change completely and one day one could pay back the credit.

Here are some social entrepreneurs and firms with the concept:

1. Grameen Bank

Founded: 1983 by Prof. Muhammad Yunus

Headquarter: Dhaka, Bangladesh

Concept: Mini credits and mini finances

Problem they want to fix: Poverty

2. charity water

Founded: 2006 by Scott Harrison

Headquarter: New York City, New York, USA

Concept: cleaning the water in developing countries

Problem they want to fix: Access to clean water

3. TOMS

Founded: 2006 by Blake  Mycoskie

Headquarter: Santa Monica, California, USA

Concept: With every sold shoe in the USA, a child in some developing countries is getting one for free

Problem they want to fix: Everyone should have something to wear.

4. LemonAid

Founded: 2009 by Paul Bethke

Headquarter: Hamburg

Concept: They are selling lemonade and ice tea and spending the profit to the country of manufacture

Problem they want to fix: Access to education

The project i like the most, was started by Teju Ravilochan and is called uncharted.

After he finished college, he had the idea to open a company which is going against all the problems in the developing countries like hunger, no education and poverty. started building a big network of investors. Famous and rich people like Bill Gates or Mark Zuckerberg supported the project and after 7 Years Teju collected over $155 Million US Dollars. With the money they built schools, fountains and bought Plumpynut. It was a big risk for Tegu, but they made it and helped a lot of people and children.

Before I started the internship I didn’t know anything about social entrepreneurship. After the three days at CRCLR I learned that with a social business you can help others and yourself. I think it’s cooler to use a big profit to try and make other people’s lives better and not just to make your own life more luxurious.