Changes

"Muhammad Yunus, founder of the Grameen Bank and father of microcredit, provides a classic example of social entrepreneurship. The stable but unfortunate equilibrium he identified consisted of poor Bangladeshis’ limited options for securing even the tiniest amounts of credit. Unable to qualify for loans through the formal banking system, they could borrow only by accepting exorbitant interest rates from local moneylenders. More commonly, they simply succumbed to begging on the streets...Yunus confronted the system, proving that the poor were extremely good credit risks by lending thenow famous sum of $27 from his own pocket to 42 women from the village of Jobra. The women repaid all of the loan. Yunus found that with even tiny amounts of capital, women invested in their own capacity for generating income. With a sewing machine, for example, women could tailor garments, earning enough to pay back the loan, buy food, educate their children, and lift themselves up from poverty. Grameen Bank sustained itself by charging interest on its loans and then recycling the capital to help other women. Yunus brought inspiration, creativity, direct action, courage, and fortitude to his venture, proved its viability, and over two decades spawned a global network of other organizations that replicated or adapted his model to other countries and cultures, firmly establishing microcredit as a worldwide industry."

'''Social Entrepreneurship Research: A Source of Explanation, Prediction, and Delight by Johanna Mair and Ignasi Marti, Journal of World Business, 2006

5) declining to accept limitations in available resources."

== Foundations ==

http://www.ngobiz.org/picture/File/Social%20Enterpeuneur-The%20Case%20of%20Definition.pdf

http://www.sciencedirect.com/science/article/pii/S1090951605000544

Social entrepreneurship: A critical review of the concept

http://www.sciencedirect.com/science/article/pii/S1090951605000751

http://jab.sagepub.com/content/40/3/260.full.pdf+html

http://www.sciencedirect.com/science/article/pii/S1090951605000532

title={Investigating social entrepreneurship: A multidimensional model},

author={Weerawardena, Jay and Mort, Gillian Sullivan},

year={2006},

publisher={Elsevier}