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Is It Okay For A Social Impact Startup To Be Driven By Profits?

Is It Okay For A Social Impact Startup To Be Driven By Profits?

by The Daily Eye Team February 29 2016, 3:11 pm Estimated Reading Time: 0 mins, 40 secs

“Poverty is an artificial creation. It doesn’t belong to human civilization, and we can change that, we can make people come out of poverty. The only thing we have to do is to redesign our institutions and policies.” This was very rightly quoted by 2006 Nobel Prize winner Muhammad Yunus, the founder of Grameen Bank.There are many social impact enterprises that primarily work towards a social cause with the intention of helping the underprivileged and empowering them to lead better lives. But while there are many social impact companies and NGO’s that thrive on OPM (other people’s money) to take their cause forward, there are many enterprises that drive their initiative on their own without any kind of dependence on anyone.

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HUMRA QURAISHI


Humra Quraishi is a writer, columnist and journalist. She has authored Kashmir: The Unending tragedy, Reports From the Frontlines, Kashmir: The Untold Story, Views: Yours and Mine, Bad Time Tales, More Bad Time Tales, Divine Legacy: Dagars & Dhrupad and Meer. She has co- authored The Good The Bad and The Ridiculous: Profiles, Absolute Khushwant and a series of writings with the late Khushwant Singh. Her take on what's it like to be a singleton in today's turbulent times, is part of the Penguin published anthology, Chasing the Good Life: On Being Single. And, one of her essays, The State Can't Snatch Away our Children is part of the Zubaan published anthology, Of Mothers And Others. Her essay in the volume on the 1984 Sikh riots, 1984: In Memory and Imagination is titled, Why not a Collective Cry for Justice!  


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