Nobel Peace Laureate Speaks to Group about Successes in Microfinance
For the second year in a row, a Nobel Peace Prize Laureate supported Full Circle Fund by addressing our community at our annual Forum. In honor of the new Global Economic Opportunity Circle Launch, 2006 Nobel Peace Prize Winner, Dr. Muhammad Yunus spoke at a special reception of Full Circle Fund Forum guests. Dr. Yunus is widely regarded as the father of microfinance and continues to challenge conventional thinking and identify new ways to unleash the entrepreneurialism of the world’s poor.
Dr. Yunus spoke passionately to the guests about the importance of investing both time and money into social enterprises in developing regions. His talk can be seen by clicking here.
Dr. Yunus spoke passionately to the guests about the importance of investing in both time and money into social enterprises in developing regions.
“Philanthropy – the giving [money] away part is good; I’m not denying that. But if you can somehow manage to bring it to the social business level, what happens? Its power becomes multiplied several times. Because in philanthropy, you give the money, it goes, achieves its objective, but money never comes back. But if you can take that objective, build a social business around it, money recycles. It continues, it grows, and you learn and create an institution out of it, and it is replicable.”
After congratulating Full Circle Fund on its new Global Economic Opportunity Circle, he highlighted the positive impact individuals can have when using their time, talent and resources to solve the world’s most pressing problems.
“Funding is important, but at the same time when you personally can get involved with the business itself, in using your talent, your creativity, your connectivity to that business…and then you feel good that you have helped something which changes people’s lives in the world.”
by RSS
Recent Comments