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
Over 9 million Ugandans lack access to safe drinking water, that equates to the entire population of London. Without access to clean water, it is estimated that 440 children still die every week due to waterborne diseases.
Find out how going electric can create jobs, increase a driver’s income, provide a lower carbon emissions transport option and revolutionise the boda boda industry in East Africa.
Podcasts are a fantastic way to entertain and educate yourself on the latest news and trends in the sector. We asked our team for their recommendations…