The Grameen Bank was set up by Muhammad Yunus, and provides credit to the poorest of the people living in Bangledesh. These loans may only be around $27, but this enables them to repay debts they may have, and often start small businesses that are sustainable income for them. His banking model has now been imitated, multiplying the positive social effect of the project.
This is an organisation that, “works to unite, inspire and lead London’s social enterprise movement,” by connecting social enterprises and allowing them to assist each other, thus demonstrating that social enterprise is the future of business. It holds events and training sessions, offers a consultancy and many other services to social enterprises.
Working with the street vendors of New York as well as volunteers and graphic designers, the project strives to protect the rights of vendors and promote the beneficial nature of their practice. They educate the vendors and the public, as well as rally councils for fairer laws to allow vendors the opportunity to make a living. Although it is a not-for-profit organisation, it focuses on enabling the small businesses of others.
Lucy Fraser, Industrial Design