Social entrepreneurship, which is the application of entrepreneurial tools and techniques to non-profits, is gaining recognition both in entrepreneurship circles and among non-profits. Fast Company has honored those non-profits they consider the 25 best social entrepreneurs.
Who are these social entrepreneurs? Endeavor Global is one example.
“Consider the work of Endeavor Global, a New York-based nonprofit that seeds economic growth in developing countries by supporting the work of large-scale entrepreneurs. In 2002, 97 companies funded by Endeavor generated $332 million in revenue and created 8,562 jobs in Latin America.”
One of my favorites is the Grameen Foundation USA, which “uses microfinance and innovative technology to fight global poverty and bring opportunities to the world’s poorest people.”
How do they achieve this goal?
“With tiny loans, financial services and technology, we help the poor, mostly women, start self-sustaining businesses to escape poverty. Our global network of microfinance partners has already reached more than 800,000 families in 20 countries.”
This group of non-profits clearly shows that it is the private sector that best addresses even the toughest problems our world faces. Explore these remarkable social entrepreneurs and offer them any help you can.
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