Yunus Social Busines (YSB) and its sister organisation Zero Poverty Ventures are cooperating with Global Social Impact (GSI) and the Open Value Foundation, founded by María Ángeles, to bring expansion funding to high potential Social Businesses in East Africa.
Professor Muhammud Yunus joined the Open Value Foundation and the Global Social Impact Fund team this weekend in Santander to celebrate the partnership and speak to university students in Spain.
The GSI Fund have provided further financing to some of our YSB portfolio companies in Uganda. These include Tugende, a moto-taxi financing business that secures higher incomes and the opportunities for micro-entrepreneurs to own their own business and Ankole Coffee Producers' Cooperative Union (ACPCU), a coffee cooperative bringing together farmers to secure higher prices and better working conditions.
At both GSI and YSB we believe in working together to expand the eco-system of social businesses and support network available to them. Therefore, it is vitally important to connect social businesses with further funding where possible and we look forward to more collaboration in the future!
ACPCU in UgandaACPCU in Uganda
Imagine that when you cook a meal, your only means of doing so is by lighting an open fire inside your kitchen. Thick plumes of black smoke fill the room where you and your family cook and eat every evening. Since this is your only means of cooking, you pay significant amounts every year to buy the fuel for it.
13 MILLION LIVES AND COUNTING 2020 has been a year like no other - which is why we've taken some time to release our Impact Report. 🌍 We've been busier than ever supporting Social Businesses across the globe and the crisis has even made us consider HOW we communicate our work. One thing is for sure: it's time to make a more inclusive capitalism a reality as soon as possible. 🌻