In 1983, Prof. Muhammad Yunus founded the Grameen Bank, beginning a microfinance revolutionwhich in 2006 earned him one of humanity’s most prestigious awards, the Nobel Peace Prize.
Grameen grew from a microcredit bank into a group of enterprises created with the specific intention of solving human problems. These embodied the first cases of a new, emerging model: social business.
Yunus Social Business was founded in Germany in 2011 by Prof. Muhammad Yunus, Saskia Bruysten and Sophie Eisemann to expand on the success of social business from Bangladesh and ignite it around the world.
Around the same time, corporations began to come to us, excited by the value of social business. We began working with corporations that were inspired to integrate social business into their business model - creating the first corporate social businesses.
Yunus Corporate uses social business as a catalyst for purpose-driven transformation. Over the last ten years, we have guided multinationals including SAP, Danone, Vodafone and IKEA. Using our tested method, we help corporations to apply their core competencies to some of the greatest human challenges.
Global corporations have the power to multiply the impact of social businesses. And social businesses, for their part, have deep experience in harnessing business tools to tackle big challenges like poverty and the climate crisis. We beleive both sides have something to learn from each other.
Our partnerships with corporations are built on ten years of our sister org Yunus Funds funding and supporting social-business entrepreneurs across East Africa, Latin America and India, which to date have impacted the lives of 17 million people.