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Social Development Through Benevolent Business by Kalyan Sankar Mandal

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CHAPTER 4

Business Based on Microcredit

While discussing the concept of “social business,” Yunus (2007, 28) mentioned that there are two kinds of social businesses. In an earlier chapter on social business, we have mainly discussed about one type of social business, that which aims at solving social problems through its business operations and thereby serves the interest of the poor. Apart from this type of social business, Yunus has mentioned about another type of social business – a profit-maximizing business that is owned by the poor. This type of business may or may not create social benefits, but the families of the poor benefit from any profit made by such a business. Thus, according to Yunus, business owned by the poor, through the mechanism ...

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