Impact of Social Entrepreneurship

Social entrepreneurs not only take responsibilities for environment but also have practical and innovative ideas to overcome the most significant social problems. To put it another way, social entrepreneurs who go after opportunities find new and creative solutions to change people’s lives. For instance, Muhammed Yunus created Grameen Bank which improved micro-credit to help poor people. His long-term workings generated social value for humanity and his bank lend small amount of loans for poor people to change their lives. This social venture minimizes unemployment rate and participation of poor people increased in the society. This contributed to global development. Some of people become rich later they can be supportive to this sustainable venture. Hence, they contribute social and ecological solutions. Also, they optimize growing inequality between rich and poor. In addition, social entrepreneurs struggle against poverty in undeveloped countries because people living in these countries malnourish. In parallel there is a high fatality rate. If social entrepreneurs sell their products to poor people, they do not make a profit on their products. For instance, some nonprofit organizations help poor people, they receive donation from rich people to underprivileged people on the other hand they sell some products to poor people without making a profit. Due to this ventures, many people can obtain nutritious food like protein, vitamins, carbohydrate. Taking everything into account, social entrepreneurship has positive global impact in around the world because their mainstay is nonprofitable-making.