Professor Muhammad Yunus, the father of social business, is currently visiting Bahrain to take part in the Social Business Week 2012. During this stay, he told the media that Bahrain could be a social business hub of the region where youth can gather with their own ideas.
“We are looking at the creation of social business centres in the universities so that they become a part of the curriculum. We then plan to connect one university with another to help exchange ideas and concepts,” said Yunus.
While delivering a keynote, Yunus emphasized that social business is about changing society more than anything. “It’s a non-dividend company. Over a period of time the investment that was brought into the venture is taken back. Once the investment made has been returned the dividend payment stops, but the company still belongs to the one that funded it. It is solely dedicated to the solving the problem it was.”
Yunus had also pointed out Bahrain’s keenness to back social entrepreneurship initiatives and provide funds for micro projects.
Photo from Yunus Centre.
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