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
Last week, we celebrated our 10 year anniversary! For the first time in two years and two months of restricted travel, YSB Co-Founder & Chairman Prof. Yunus was able to leave his home country of Bangladesh in order to join us in person.
Six months, eight social enterprises, 12 mentors, and one reflection and celebration event—the third Reckitt Access Accelerator cycle draws to a close!
Mentoring is not just a methodological process. It’s an emotional one. Our MAN Impact Accelerator team had to deal with a rapid turn of events during the first weeks of COVID, here they explain how they went virtual!